Category Archives: Exit-Scam

Incognito Darknet Market Mass-Extorts Buyers, Sellers

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Borrowing from the playbook of ransomware purveyors, the darknet narcotics bazaar Incognito Market has begun extorting all of its vendors and buyers, threatening to publish cryptocurrency transaction and chat records of users who refuse to pay a fee ranging from $100 to $20,000. The bold mass extortion attempt comes just days after Incognito Market administrators reportedly pulled an “exit scam” that left users unable to withdraw millions of dollars worth of funds from the platform. Continue reading Incognito Darknet Market Mass-Extorts Buyers, Sellers→

Cryptocurrency Firm Loses $145 Million After CEO Dies With Only Password

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QuadrigaCX, the largest bitcoin exchange in Canada, has claimed to have lost CAD 190 million (nearly USD 145 million) worth of cryptocurrency after the exchange lost access to its cold (offline) storage wallets.

Reason? Unfortunately, the only person … Continue reading Cryptocurrency Firm Loses $145 Million After CEO Dies With Only Password→

Thieves stole $1.7 billion in cryptocurrency in 2018 as mining gives way to stealing in crypto space

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Bitcoin’s legendary ascension to the $20,000 mark a little more than a year ago inspired legions of fast-buck makers to hop on the bandwagon and invest in this intriguing yet volatile asset. Mining cryptocurrency worked for a while, but it is no … Continue reading Thieves stole $1.7 billion in cryptocurrency in 2018 as mining gives way to stealing in crypto space→