Tag: Bitfinex

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The perils of suing crypto exchanges after ransomware attacks

In October 2019, unknown hackers infiltrated a Canadian insurance company by installing the malware BitPaymer, which encrypted the firm’s data and IT systems. The hackers demanded a ransom of $1.2 million be paid in Bitcoin (BTC) in return for the decryption software needed for the firm to regain access to its systems.  The firm’s United…
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18 April 2021 0

Over 10,000 blacklisted BTC from 2016 Bitfinex hack on the move

A tranche of long-dormant Bitcoin seized in the 2016 hack of the Bitfinex cryptocurrency exchange are on the move today, an over $620 million sum that has some market participants spooked and may be contributing to a downward slide for Bitcoin.  Blockchain analytics bot Whale Alerts was the first to raise the alarm, calling attention…
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14 April 2021 0