Cryptocurrency exchanges OKEx and Bitfinex are suffering multiple denial of service attacks. It is unclear as of now if the attacks are connected, though OKEx CEO blamed competitors on his personal Weibo page. OKEx first suffered a distributed denial of service (DDoS) attack on Feb. 27 at approximately 11:30 AM EST. CEO Jay Hao posted on his personal Weibo page as the attack was unfolding, blaming unnamed competitors in the attack. The attack routed as much as 200 gigabytes per second of traffic, which put strain on OKEx systems. At approximately 4:30 AM EST on Feb. 28, the denial of …

Figures published by bitcoin core developer Luke Dashjr show that more than half of the full nodes in the bitcoin network are still running client software vulnerable to the inflation bug discovered in September 2018. This revelation poses some danger to the network, as software vulnerabilities are a clear and present danger to the fidelity of bitcoin (BTC). Now that the top-ranked cryptocurrency is in the midst of a positive price run, it is perhaps important that steps are taken to eradicate the inflation bug problem for good. Most bitcoin full nodes still vulnerable to the inflation bug As reported …

The Tron Foundation disclosed a fixed critical vulnerability which could have crashed its blockchain on vulnerability disclosure platform HackerOne on May 2. The disclosure explains that with enough malicious requests, an attacker could have filled up all the available memory and effectively perform a Distributed Denial of Service attack on the TRX network by employing malicious code in a smart contract. The disclosure further explains the impact of such an attack: “Using a single machine an attacker could send DDOS attack to all or 51% of the SR node and render Tron network unusable or make it unavailable.” The cybersecurity …

According to bitcoin (BTC) node stats reported on the website of bitcoin core developer Luke Dashjr, 60.22% of the coin’s full-nodes are running software still vulnerable to the inflation bug at press time. According to the reported data, the software running on 60,101 bitcoin full-nodes is vulnerable to the CVE-2018-17144 bug. As Cointelegraph reported at the end of September last year, the bug allows malicious miners to artificially inflate bitcoin’s supply via a simple type of double input. According to a Cointelegraph analysis, at the time — likely because of the possible catastrophic consequences of the presence of the bug …

Software vulnerabilities continue to be a red flag issue in crypto community. Not long ago, the top-five cryptocurrency EOS network experienced a vulnerability right in the dawn of its development. The same thing happened to Ethereum, when a series of Distributed Denial of Service (DDoS) attacks led to a significant delay in the operation of the nodes. And the news about another bug in the code came out yesterday, with the announcement made by Monero developers to patch the vulnerability, which allowed attackers to burn funds. It could seem that such kind of bug can affect any crypto, but not …

On June 12, the state of Michigan introduced a bill imposing criminal penalties for manipulating data on blockchains in order to commit fraud. This is the first attempt in the world to legally protect data stored on distributed ledger technology (DLT) — for entering false information into the blocks or changing the blocks themselves, up to 14 years of imprisonment can be faced. The deliberate introduction of false data does not raise questions — here the signs of unlawful actions become visible to all the members of the network and do not call for any comment. But with the change …

It's been utilized for unlawful dark web drug dealing, it may very well be the future of banking, and it has driven theorists on a wild ride — Bitcoin is numerous things to numerous individuals. For an expanding number, in any case, the cryptocurrency is an apparatus for extortion. Bitcoin has been utilized before as a part of ransomware—a sort of malware that limits computer access unless a payment is paid—however another report from digital insight firm Recorded Future points out how criminals are progressively taking interest in Bitcoin as a method of payment for several types of attacks. Tyler …