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What’s New in the Tech World

Marshall Edwards, Staff Writer

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  1. Cryptocurrency exchange lost more than 533 million dollars.

The biggest cryptocurrency hack has happened to Cioncheck, a Tokyo-based cryptocurrency exchange. The exchange’s president Wakata Yoshihiro and chief operating officer Yusuke Otsuka stated during a press conference that they suffered a loss of approximately 58 billion yen (about 533 million dollars). However Nikkei, “the stock market index for the Tokyo Stock Exchange”, tweeted that the scale of this loss is still not fully known. Because the value of cryptocurrency is always fluctuating, it is hard to give an exact dollar amount that was lost but it is confirmed that at least over 400 million dollars was stolen. Before they publicly announced the hack, there were rumors of Coincheck being hacked after they froze all of their services. After the hack, withdrawals of all cryptocurrencies were suspended as well as trading cryptocurrencies. What makes this matter worse is that they can not receive any help from Japan’s Financial Services Agency because Coincheck did not register with them.

 

  1. The Dutch hacked the Russian DNC Hackers.

 

The Dutch newspaper de Volkskrant recently released a report that stated that back in 2014 a Russian hacker group “Cozy Bear,” who will later attack the DNC, was hacked by the General Intelligence and Security Service of the Netherlands (AIVD). Once the AIVD was in Cozy Bear’s network, they were able to gain control of Cozy Bear’s computers and their camera, which watches over them. Because they had access to their camera, AVID was able to capture pictures of everyone in the room and compare them to Russian intelligence officials and agents. Analysts at the AVID after comparing the photos were able to determine that the hacker group were part of Russia’s Foreign Intelligence Service. With help from the NSA and other US intelligence agencies, they were able to determine that Russian President Vladimir Putin and other Russian Federation’s leadership were the driving force behind Cozy Bear. The AVID has helped out the US on numerous times against Cozy Bear. Back in November of 2014, the US intelligence agencies were alerted by AVID that Cozy Bear received US State Department. login credentials. Because of their warning, the NSA, FBI, and State Department were able to stop the attack.

Picture from the Telegraph

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