Home Cryptocurrency News Hackers steal $100 million from California cryptocurrency agency – CNN

Hackers steal $100 million from California cryptocurrency agency – CNN

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Washington (CNN Enterprise)Hackers have stolen the equal of $100 million from a California-based cryptocurrency agency within the newest big-money hack within the digital forex trade.

The unidentified thieves hit a “bridge” — a program that enables for the switch of cryptocurrency — the victimized agency, Concord, announced on Twitter Thursday night time.
“Concord is working across the clock as we proceed our investigation alongside the FBI and a number of cyber safety corporations,” stated the agency, which focuses on blockchain expertise that underpins cryptocurrency transactions.
Concord joins an extended record of cryptocurrency corporations which have been plundered by hackers for a lot of hundreds of thousands of {dollars} at a time. This yr alone, hackers have stolen over $1 billion from cryptocurrency bridges, according to Elliptic, a agency that tracks transactions on the blockchain.
Cryptocurrency bridges are prime targets for hackers, Elliptic stated, as a result of they retailer giant quantities of liquidity.
It is unclear who looted Concord’s digital coffers.
The FBI in April blamed North Korean government-backed hackers for a roughly $600-million hack of widespread online game firm.

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