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Hackers attack Gate.io exchange through web analytic platform Statcounter

7.96 (224 users)
Wrote by: simon186, 1 week ago
● Malicious hackers attempted to hack into Gate.io, a popular cryptocurrency exchange through a breach in a third-party service provider.
● The breach was discovered by security firm ESET.
● Hackers went to great lengths in this exchange attack says ESET.
● Amount of bitcoin stolen in this breach is yet to be determined.
JavaScript attack totentially jeopardized Gate.io

Just a few days ago, hackers altered the code of an industry leader in website analytics known as Statcounter. The JavaScript inserted allowed hackers to attack any website in which used the Statcounter service. The implant from hackers included key phrases such as “myaccount,” “withdraw,” and “BTC” to suggest cryptocurrency was the hacker’s true target. The security firm who discovered the attack further concluded its review of the breach by noting Gate.io is one of the only domains to have this as a Uniform Resource Identifier (URI). Thus, the team assumes this exchange was indeed the target of the javascript attack. Researchers could not find the exact amount stolen if any, because the hackers set the code to create a new Bitcoin address for each attack attempt.

A bit technical, the full report can be read on the Cyber Security firm’s website. The report about this attack states an important and interesting point saying, “[this research] shows just how far attackers will go in order to steal bitcoin from customers of one specific virtual currency exchange” To complete the breach, hackers even purchased a domain similar to Statcounter.com, instead of using statconuter.com. This makes it more difficult for developers to detect the breach and put a stop to it. Finally, the report notes how hard this hack would be for users to detect before falling victim to it. The hack swapped bitcoin addresses during the withdrawal process but only after the user hit the “Submit request” button. Thus, the switch happened fast and most likely was not even displayed for users to see.

Hackers Trouble Cryptocurrency Sector

Cryptocurrency continues to be a target for hackers and spoofers looking for any means possible to steal these valuable digital assets. Just yesterday, reports surfaced that a fake Elon Musk twitter ad successfully gave one hacker $170,000 in cryptocurrency. According to a Business Insider story, already in 2018, there were over $1 billion stolen from crypto exchanges. The story goes on to suggest total cryptocurrency thefts may account for $1.6 billion in funds since 2011. This massive number brings many troubling side-effects to the sector such as the loss of public confidence and increased government regulation. This breach should serve as an important reminder to keep your private keys safe and your personal assets off central points of attacks such as cryptocurrency exchanges.
Yesterday
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cryptorecorder.com - added by amudotcom - 8 hours ago
● Nano Coin is going against the Cryptocurrency market and is seen to make gains.
● The main reason for spiking is the launch of Nanochina.co which is dedicated to the Chinese Nano community.
● Nano Coin has already been listed in Huoni and is looking at expanding rapidly in China.
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huobiglobal.zendesk.com - added by amudotcom - 13 hours ago
● Huobi Global will list Bitcoin Cash SV as BSV and retair BCH as Bitcoin Cash ABC.
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usethebitcoin.com - added by amudotcom - 16 hours ago
● Tron has been listed on two more Cryptocurrency exchanges.
● These exchanges include Blockport and Scatter.
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kryptomoney.com - added by amudotcom - 15 hours ago
● Non-fungible tokens (NFT) will not be a part of popular console gaming product the Platstation 4.
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www.bloomberg.com - added by amudotcom - 11 hours ago
● OKEx settled Bitcoin Cash futures contracts without a warning before Bitcoin's Hard Fork last week.
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www.thestreet.com - added by amudotcom - 18 hours ago
● Changpeng Zhao, the CEO of Binance is positive about the Cryptocurrency market growing upwards.
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7.812 (109 users)
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www.bloomberg.com - added by amudotcom - 11 hours ago
● Israel has become a major hub for Cryptocurrency.
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www.ccn.com - added by amudotcom - 15 hours ago
● Veerathai Santiprabhob, the governor of the Bank of Thailand (BoT) has said that a Central Bank Digital Currency (CBDC) will not happen soon.
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cryptoslate.com - added by amudotcom - 18 hours ago
● Jihan Wu's tweet suggests that he might sell 1 million worth of his Bitcoin SV Cryptocurrency.
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www.ccn.com - added by amudotcom - 14 hours ago
● Zeniex, a fairly new South Korean Cryptocurrency Exchange has ceased all operations.
● It was in operation for about only five months, and the main issue faced was the development of its ZXG token.
● Compensation has already begun in Ethereum for the ZXG token with holders of other Cryptocurrency in the exchange urged to withdraw them.
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smartereum.com - added by amudotcom - 18 hours ago
● XRP has been in the second position for the longest period in its lifetime.
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6.961 (153 users)
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usethebitcoin.com - added by amudotcom - 15 hours ago
● Tron has been listed on two more Cryptocurrency exchanges.
● These exchanges include Blockport and Scatter.
● Blockport is known to be easy to use and helps bridge traditional finance with virtual currencies using the Euro.
● Scatter is a known platform amongst EOS users, as it is the first wallet where EOS was available in the market.

6.941 (128 users)
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kryptomoney.com - added by amudotcom - 18 hours ago
● A known congressman of USA and a former presidential candidate Ron Paul asked his Twitter followers to vote on the ideal 10-year investment.
● The options of the vote were Bitcoin, bonds, fiat currency and gold.
● Bitcoin won the vote with 50% of the 80,000 followers voting in favour of it.

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www.coindesk.com - added by amudotcom - 8 hours ago
● Huobi is working towards gaining political support for Cryptocurrency by setting up a Communist Party committee.
● After China's crackdown on Cryptocurrency Huobi which is of Chinese origin has shifted it's operations to Singapore.
● The Communist Party has favoured Blockchain, and Huobi is now working towards changing their minds of the digital currency.
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blokt.com - added by amudotcom - 6 hours ago
● The Ex CTO of Ripple Stefan Thomas spoke about his decision on leaving Ripple and working on Coil.
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Sunday, 18th Nov
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ipolitics.ca - added by amudotcom - 1 day ago
● The Canadian House Finance Committee has asked the government of Canada to ensure Cryptocurrency is regulated to stop money laundering.
● The Canadian House Finance Committee has suggested Cryptocurrencies to be reviewed during the Crime Money Laundering and Terrorist Financing Act (PCMLTFA).
● Cryptocurrency regulation is seen to be increasing in interest around the world.

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ethereumworldnews.com - added by amudotcom - 1 day ago
● Binance's CEO, Chanpeng Zhao has given a chance to the XRP community to shill XRP as much as possible in reply to his tweet about it.
● The major hint given in the tweet is XRP may have a chance of being a base currency on Binance.
● XRP has shown the Crypto world just why it is a force to reckon with prices of XRP rising while the Cryptocurrency market is in the red.
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btcmanager.com - added by amudotcom - 1 day ago
● Erol Yara, the Chairman of the International Business Forum (IBF) has asked Islamic countries to utilize Cryptocurrency.
● The main intention of Yara pushing for Cryptocurrency was the way the American Dollar has been taking control of the world.
● Yara stressed on a Cryptocurrency system being developed which will help international trade among Islamic countries.
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www.christies.com - added by amudotcom - 1 day ago
● Record-breaking art has been sold on Blockchain with $317,801,250 raised at Christie's auction house in New York.
● Artory is helping in the utilization of permissioned Blockchain to host auction information.
● Artory's private Ethereum Blockchain helped auction off 42 art pieces, and logged information such as sales, final prices, auction dates, item titles, restorations and thefts.
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www.cryptoglobe.com - added by amudotcom - 1 day ago
● Estonia has issued more than 900 licenses to Blockchain and Cryptocurrency companies in the last one year.
● The figures prove that the Estonian government are progressing towards a positive Blockchain and Cryptocurrency environment in the country.
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usethebitcoin.com - added by amudotcom - 1 day ago
● CoinGate is now the official payment processor for Litecoin.
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● The payment processing gateway is one of the largest in the Cryptocurrency market.
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cointelegraph.com - added by amudotcom - 1 day ago
● Switzerland's Stock Exchange SIX will be the world's first stock exchange to list a multi crypto based exchange-traded product. (ETP)
● The first multi crypto ETP will be listed under index HODL and it will track five major Cryptocurrencies which are BTC, XRP, ETH, BCH and LTC.
● Each Cryptocurrency will have a certain market share in the ETP with BTC having almost half of the ETP's assets.
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zerocrypted.com - added by amudotcom - 1 day ago
● Samourai Wallet has announced Bitcoin transactions without the need of the internet.
● The offline Bitcoin transactions will be carried out through TxTenna device.
● The user has to rely on the goTenna mesh network which is through the TxTenna device.
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