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As cryptocurrencies become popular, hacks targeting popular exchanges and trading platforms are growing as well. It was reported earlier this week that one of Japan’s biggest cryptocurrency exchange Coincheck was hacked. The hack resulted in $400 million worth of NEM coins being stolen. Coincheck has now confirmed that it’s going to refund customers who were affected by this hack.

Coincheck confirmed that the money was stolen from the platform because the NEM coins were kept in a hot wallet. A cold wallet is not connected to the internet which makes it very difficult for hackers to steal money from it.

A hot wallet is the exact opposite and since the NEM coins were kept in the hot wallet because Coincheck was having a hard time managing the cold wallet, the coins were stolen in the hack.

Coincheck has confirmed that it’s going to use its own capital to reimburse customers who lost money in this $400 million hack. It’s going to repay all 260,000 customers that were impacted by the NEM hack at a rate of 88.549 yen or 82 U.S. cents for each NEM coin. Coincheck previously confirmed that 523 million coins were stolen in this hack.

“The timing of the reimbursement and the application process are currently under consideration,” the company said in a statement.

Coincheck To Refund Customers Hit By $400 Million Cryptocurrency Hack , original content from Ubergizmo. Read our Copyrights and terms of use.

The use of cryptocurrency mining scripts is increasing, they enable website owners to mine digital currencies by effectively hijacking an unsuspecting visitor’s CPU resources. Popular websites like The Pirate Bay have resorted to this method in order to mine Monero, a popular cryptocurrency. One wouldn’t expect to see ads on YouTube that had hidden scripts for this very purpose but it turns out some bad actors even used the world’s largest online video platform to mine Monero.

Reports of antivirus programs detecting cryptocurrency mining scripts on YouTube started surfacing online earlier this week. Since one wouldn’t expect Google of all companies to participate in such deception, it was evident that something wasn’t right.

Security researchers at the Trend Micro antivirus company said on Friday that these ads on YouTube drove a three-fold spike in web miner detections. They revealed that the people behind these ads were abusing Google’s DoubleClick ad platform to show the malicious ads to YouTube users in countries like France, Japan, Italy, and Spain.

According to one security researcher, they likely targeted because users typically spend a lot of time on the site. The longer users are on the site, the more time the script has to mine for cryptocurrency.

A Google representative said in a statement that mining cryptocurrency is a new form of abuse that violates the company’s policies and it’s actively monitoring this. “In this case, the ads were blocked in less than two hours and the malicious actors were quickly removed from our platforms,” the rep added.

Google didn’t say when these ads started being served on YouTube and when they ended as Trend Micro says that many ads with the same ad ran for as long as a week.

Even YouTube Served Ads That Hijacked CPUs To Mine Cryptocurrency , original content from Ubergizmo. Read our Copyrights and terms of use.

The money should be returned if sexual misconduct allegations “have merit,” Graham says.

Back in late 20016, Microsoft made it clear that it was discontinuing its Band line of health and fitness tracking wearables. This came as a bit of a surprise, as a new model was expected to be just a few months away, especially considering the improvements made between the original Band and the Band 2. It turns out that Microsoft … Continue reading