Enigma hacked: $500k reported stolen

Enigma Token Offering hacked the same way CoinDash was last month
22 August 2017   2098

Last month, Ethereum ICO CoinDash fell prey to hacker attack and lost more than $10m as hackers managed to change the address on its website.

Now, another project failed to withstand the hacker attack: a hacker managed to compromise Enigma before its ICO in a similar way netting over 1,500 Ether (over $500,000) from the community.

Notable, Enigma, a project started by MIT graduates whose ICO was scheduled for September, did not lose any money itself, as the hacker only managed to reach the company’s website, mailing list, and Slack group:

How did it happen? Some reddit.com users found out that Enigma CEO Guy Zyskind’s email had been accessed by the hacker. Thus, Zyskind’s email, according to the reports, had been "dumped on the internet in the past" due to other services being compromised. Since then Zyskind allegedly has never changed his password, and no two-factor authentication was enabled. Using the email the hackers may have exploited to get access to the Slack channel, Enigma website, and user mailing list.

Being compromised, the Enigma team quickly warned the community of the hacking incident. Still, about 200 transactions were made. At the time of writing, the hacker has already started moving its Ether to various other addresses.

Eventually, this was not the end of Enigma's problems as a bit later the hacker set up a new website in order to try fool even more users: 

The whole situation remains to be investigated, meanwhile the Enigma team calls upon to be vigilant. 

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Japan to Tighten Regulation Due to Zaif Hack

$ 62 000 000 worth cryptocurrency was stolen from the Zaif exchange few weeks ago
25 September 2018   82

Hacking of Zaif exchange is the reason for toughening control over the market by the financial regulator of Japan, Reuters reports.

The first measure taken was administrative sanctions against the exchange and its operator Tech Bureau Corp. The Financial Services Agency (FSA) has expanded the list of requirements for the latter, pointing out the need to identify preventive measures and search for the organizers of the theft.

Shortly before that, researchers of the Japanese financial company Tech Bureau Corp could not provide details of the theft of $ 62 million from the Zaif crypto exchange at the request of the FSA. The Osaka-based operator had to investigate the causes, consequences of the theft and options for compensating the victims. According to the Agency, the financial company could not cope with the task.

According to the Tech Bureau, the exchange was hacked on September 14 within a few hours. The problem with the server was discovered by the site staff on 17 September. Official confirmation of the incident and notification of the authorities was made only a day later.

Recall, the theft of $ 60 million from the Japanese stock exchange Zaif caused a surge of volatility of bitcoin. For a short time the price was able to overcome the distance of $ 400.