Hackers to Steal $2.3M Worth Crypto in Q2 2018

This is stated in the newest security firm Kaspersky Lab's report
15 August 2018   696

Kaspersky Lab experts report that cybercriminals managed to steal $ 2.3 million worth cryptocurrency in the second quarter of 2018. 

According to the information from security experts, in the second quarter of this year Kaspersky Lab prevented more than 60 thousand clicks to phishing Internet pages. Similar sites pretend to be popular cryptocurrency wallets and exchanges to steal user data and passwords. Also, scammers create fake ICO and tokensales.

It is noted that some users are not aware of the existence of phishing sites.

The permanence of attacks targeting financial organizations reflects the fact that more and more people are using electronic money. Still, not all of them are sufficiently aware of the possible risks, so intruders are actively trying to steal sensitive information through phishing.

Nadezhda Demidova

lead web content analyst, Kaspersky

Also researchers had created statistics on countries, reflecting the global scope of phishing. Cybercrimes are committed around the world, and the most active regions are South America and Asia. Thus, in the second quarter, 15.5% of attacks were committed in Brazil. It is followed by China and Georgia (14.4% each), Kyrgyzstan (13.6%) and Russia (13.27%).

Recently Kaspersky Lab announced that over the past year cybercriminals managed to get more than 21 000 ETH with the help of social engineering.

Switcheo to Launch Cross-Chain ETH-NEO Atomic Swaps

Developers says that the technology of atomic swaps has been known for few years, but is not popular, since its implementation in practice is quite complicated
25 April 2019   55

Switcheo announced the official launch of the atomic swaps feature for the Ethereum and NEO blockchains.

From now on, Switcheo users have access to the inter-block exchange of their own token exchange, SWTH and ETH, which allows for the transfer of assets between two markets represented on the trading platform and makes Switcheo the first decentralized exchange that implements this functionality.

A challenge with existing trustless exchanges is that trades are confined to individual blockchains, limiting the market combinations that can be offered to users” says . With the launch of the new feature, users can now trade conveniently between ETH and NEO markets, while retaining full custody of their funds.

Ivan Poon

CEO, Switcheo

According to the developers, the technology of atomic swaps has been known for several years, but is not widely used, since its implementation in practice is quite problematic. Switcheo lead developer John Wong explained that his team spent a lot of time adapting the process to the user's needs and achieved the desired result.