How Crypto Investor Stupidity Helped One Hacker Swipe $7 Million

By CCN: Years ago, a thief had a simple idea: figure out a way to guess Ethereum private keys and write software to sweep the crypto funds from the blockchain. Guessing the 72-character private key is no small feat – your odds are about 1 in 115 quattuorvigintillion. No, we didn’t make that number up. The researchers told Wired that trying to do this without the help of high-powered computers would be like: “ Choosing a grain of sand on a beach, and later asking a friend to find that same grain among a ‘billion gazillion’ beaches.” The Fatal Flaw

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Japan’s Second-Richest Man Bet Massively on Bitcoin. He Lost $130 Million

By CCN.com: Japanese billionaire Masayoshi Son made a huge bet on bitcoin at the top of the market. And lost. The SoftBank Founder reportedly cut a loss of $ 130 million of his own money by mis-timing the historic cryptocurrency bubble in late 2017. It is not known exactly how much Masayoshi Son, worth an estimated $ 24 billion, poured into bitcoin. But he appears to have bought in late 2017 as the bitcoin price approached a record high of $ 20,000. He sold early in 2018 as the price collapsed, taking a $ 130 million loss. Buying the Top of the Bitcoin Bubble

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Exit Scam: Suspicion Grows Over Dark-Web Market’s $30 Million Crypto Theft

Just one month after a coordinated global law enforcement operation executed a sweeping takedown of dark web drug dealers, rumors are swirling that a popular dark-net market has allegedly attempted a major exit scam. According to a thread on the Dread Forum, a Reddit-like website for dark web users, Wall Street Market (WSM) has likely exit scammed, absconding with as much as $ 30 million of users’ cryptocurrency stored in the platform’s escrow account. Additionally, WSM administrators are warning users about the scam, cautioning the public to stop depositing funds on the website. Worse, they are alleging that the marketplace’s official

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$9 Million Dash Theft Sees Israeli National Own 1% of Entire Cryptocurrency

According to Israeli sources, a man named Afek Zard is charged with stealing around 75,000 Dash from his friend Alexei Yaromenko after learning about cryptocurrency from Yaromenko. Reportedly, Yaromenko trusted Zard alone in his apartment in Eilat, a city at the southern edge of Israel near the Jordanian and Egyptian borders. Dash Worth $ 9 Million Today Authorities say Zard gained access to the apartment through a key that Yaromenko had given him. While they have not indicted anyone else yet, they mention the possibility that Zard had help. It’s unclear how he compromised the password to Yaromenko’s Dash wallet, but

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QuadrigaCX CEO Feared for Life, Possibly Planned $200 Million Dead Man’s Crypto Switch

By CCN.com: The late CEO of QuadrigaCX crypto exchange Gerald Cotten feared for his life due to the vast amounts of funds he exclusively controlled, a former colleague and friend has said. Per cryptocurrency entrepreneur Adam O’Brien, Cotten worried that he could be kidnapped over the crypto assets worth millions of dollars that he exclusively had access to, according to Global News: Gerry was holding, we know, over $ 100 million, almost $ 200 million dollars in funds. That makes people do some pretty crazy things. And I think Gerry was aware of that, and I think he was kind of worried

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Bitcoin Price Will Hit $1 Million in 2020 Because Maths, Stupid: John McAfee

By CCN.com: John McAfee has been really bold when it comes to predicting the price of bitcoin, claiming that each unit of the cryptocurrency will be worth $ 1 million by the end of 2020. The cybersecurity expert had first said in July 2017 that one bitcoin would be worth $ 500,000 by the end of 2020. If that didn’t happen, he promised that he’ll do something that none of us probably want to see. if not, I will eat my dick on national television. — John McAfee (@officialmcafee) July 17, 2017 But it looks like last year’s crypto bear market hasn’t

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Binance Rings Crypto Bear Death Knell with $71 Million Q1 2019 Profit

By CCN.com: Across major markets, the bitcoin price has increased by 28 percent in the past month from around $ 4,000 to $ 5,000, recording its first large spike in value since December 2018. Possibly due to the general improvement in sentiment surrounding the cryptocurrency market, Binance has recorded a relatively large profit in the first quarter of 2019. According to the estimates published by The Block, Binance generated a profit of over $ 78 million in the first quarter of 2019, up 66 percent from the first quarter of 2018. Such a substantial increase in the profit margin of Binance from early

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