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	<title>Hack &#8211; Finance News Today</title>
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		<title>Loblaw CEO apologizes to 2 million shoppers for personal data hack, offers</title>
		<link>https://financenews.one/2026/10/24/loblaw-ceo-apologizes-to-2-million-shoppers-for-personal-data-hack-offers/</link>
		
		<dc:creator><![CDATA[Finance News]]></dc:creator>
		<pubDate>Sat, 24 Oct 2026 08:51:20 +0000</pubDate>
				<category><![CDATA[Markets]]></category>
		<category><![CDATA[apologizes]]></category>
		<category><![CDATA[CEO]]></category>
		<category><![CDATA[data]]></category>
		<category><![CDATA[Hack]]></category>
		<category><![CDATA[Loblaw]]></category>
		<category><![CDATA[million]]></category>
		<category><![CDATA[offers]]></category>
		<category><![CDATA[Personal]]></category>
		<category><![CDATA[shoppers]]></category>
		<guid isPermaLink="false">https://financenews.one/2026/10/24/loblaw-ceo-apologizes-to-2-million-shoppers-for-personal-data-hack-offers/</guid>

					<description><![CDATA[<div style="margin-bottom:20px;"><img width="620" height="348" src="https://financenews.one/wp-content/uploads/2026/10/1792831880_default.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" fetchpriority="high" srcset="https://financenews.one/wp-content/uploads/2026/10/1792831880_default.jpg 620w, https://financenews.one/wp-content/uploads/2026/10/1792831880_default-300x168.jpg 300w" sizes="(max-width: 620px) 100vw, 620px" /></div>Listen to this article Estimated 4 minutes The audio version of this article is generated by AI-based technology. Mispronunciations can occur. We are working with our partners to continually review and improve the results. The CEO of Canada&#8217;s largest grocery retailer is apologizing to about two million shoppers for a data breach earlier this year [&#8230;]]]></description>
										<content:encoded><![CDATA[<div style="margin-bottom:20px;"><img width="620" height="348" src="https://financenews.one/wp-content/uploads/2026/10/1792831880_default.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" srcset="https://financenews.one/wp-content/uploads/2026/10/1792831880_default.jpg 620w, https://financenews.one/wp-content/uploads/2026/10/1792831880_default-300x168.jpg 300w" sizes="(max-width: 620px) 100vw, 620px" /></div><p> <br />
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<p>The audio version of this article is generated by AI-based technology. Mispronunciations can occur. We are working with our partners to continually review and improve the results.</p>
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<p class="paragraph-b3GxD html-paragraph">The CEO of Canada&#8217;s largest grocery retailer is apologizing to about two million shoppers for a data breach earlier this year where hackers accessed private information, including names, addresses, phone numbers, birthdates and purchase details. </p>
<p class="paragraph-b3GxD html-paragraph">Brampton, Ont.-based Loblaw operates about 2,500 stores nationwide under its namesake Loblaws banner, as well as numerous sub-brands including No Frills, Real Canadian Superstore, Zehrs and Fortinos. </p>
<p class="paragraph-b3GxD html-paragraph">In March, Loblaw announced that unauthorized activity took place &#8220;in certain Loblaw technology systems&#8221; around Feb. 23. In an email this week to impacted customers, the company says its internal investigation found an &#8220;unauthorized third party&#8221; accessed certain personal information.</p>
<p class="paragraph-b3GxD html-paragraph">&#8220;We know you trust us to protect your information, and we take that responsibility seriously,&#8221; Loblaw CEO Per Bank states in the email seen by CBC News. &#8220;We&#8217;re sorry for the concern this may cause, and are committed to supporting you and helping protect your information.&#8221;</p>
<div class="ctaEmbedContainer-Kf20D cta-embed-container"><em class="embedCta-YbFNU"><strong>WATCH |  Loblaw returns country-of-origin labels to produce:</strong></em><span><span class="mediaEmbed mediaEmbed-mk5Wt v2-D3u63"></p>
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<p class="video-item-title">Loblaw stores returning produce country-of-origin labels after backlash</p>
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<p><span class="mediaCaption-AqmTr">Just weeks after removing country-of-origin labels from the produce section of most provinces&#8217; stores, Loblaw reversed the decision after being contacted by CBC News, and in the face of a renewed trade war with the U.S. and customer backlash.</span></span></span></div>
<p class="paragraph-b3GxD html-paragraph">As a precaution, Loblaw says customers were logged out of applications that use the company&#8217;s PCiD credentials. These include loyalty programs like PC Optimum, the PC Express online grocery service and the PC Financial portal. </p>
<p class="paragraph-b3GxD html-paragraph">The company is offering two years of free credit monitoring and identity restoration services through TransUnion. Impacted shoppers have until Feb. 28, 2027 to enroll. </p>
<p class="paragraph-b3GxD html-paragraph">Loblaw is also advising those who receive the email to &#8220;be cautious&#8221; about unexpected emails, calls or texts asking for personal information or asking you to click a link or download an attachment.</p>
<p class="paragraph-b3GxD html-paragraph">&#8220;Keep an eye on your accounts and report any suspicious activity to the appropriate organization,&#8221; the CEO says in the email.</p>
<h2 class="h2-WTv89 html-heading"> Understanding credit monitoring services</h2>
<p class="paragraph-b3GxD html-paragraph">Consumers should know that credit monitoring services offer limited protection, warned Cat Coode, a Waterloo, Ont.-based privacy and data strategist.</p>
<p class="paragraph-b3GxD html-paragraph">&#8220;It only covers if someone is going to use your information in order to apply for a credit card or apply for certain government documents. It doesn&#8217;t cover the spectrum of the things that you could do with that data,&#8221; she told CBC News on Friday.</p>
<p class="paragraph-b3GxD html-paragraph">&#8220;The privacy issue can never be resolved … Once your data is available, it is available. &#8230; You can change your credit card number, but you can&#8217;t change your birthdate.&#8221;</p>
<h2 class="h2-WTv89 html-heading">More than a &#8216;slap on the wrist&#8217;?</h2>
<p class="paragraph-b3GxD html-paragraph">All organizations in Canada have a legal&#8230;</p>
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<p><br />
<br />Read More: <a href="https://www.cbc.ca/news/business/loblaw-data-breach-apology-9.7393626?cmp=rss">Loblaw CEO apologizes to 2 million shoppers for personal data hack, offers</a></p>
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		<title>A fridge hack spoiled food in hundreds of French supermarkets.</title>
		<link>https://financenews.one/2026/10/14/a-fridge-hack-spoiled-food-in-hundreds-of-french-supermarkets/</link>
		
		<dc:creator><![CDATA[Finance News]]></dc:creator>
		<pubDate>Wed, 14 Oct 2026 14:38:29 +0000</pubDate>
				<category><![CDATA[Markets]]></category>
		<category><![CDATA[food]]></category>
		<category><![CDATA[French]]></category>
		<category><![CDATA[fridge]]></category>
		<category><![CDATA[Hack]]></category>
		<category><![CDATA[hundreds]]></category>
		<category><![CDATA[spoiled]]></category>
		<category><![CDATA[supermarkets]]></category>
		<guid isPermaLink="false">https://financenews.one/2026/10/14/a-fridge-hack-spoiled-food-in-hundreds-of-french-supermarkets/</guid>

					<description><![CDATA[<div style="margin-bottom:20px;"><img width="620" height="349" src="https://financenews.one/wp-content/uploads/2026/10/1791988709_default.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" loading="lazy" srcset="https://financenews.one/wp-content/uploads/2026/10/1791988709_default.jpg 620w, https://financenews.one/wp-content/uploads/2026/10/1791988709_default-300x169.jpg 300w" sizes="auto, (max-width: 620px) 100vw, 620px" /></div>The cyberattack on French supermarkets earlier this week that ultimately spoiled hundreds of fridges worth of food should be a wake-up call about the vulnerabilities of digitized systems and devices that are connected to the internet, cybersecurity experts say. &#8220;The more we rely on connected technology, the more we need to keep in mind the [&#8230;]]]></description>
										<content:encoded><![CDATA[<div style="margin-bottom:20px;"><img width="620" height="349" src="https://financenews.one/wp-content/uploads/2026/10/1791988709_default.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" loading="lazy" srcset="https://financenews.one/wp-content/uploads/2026/10/1791988709_default.jpg 620w, https://financenews.one/wp-content/uploads/2026/10/1791988709_default-300x169.jpg 300w" sizes="auto, (max-width: 620px) 100vw, 620px" /></div><p> <br />
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<p class="paragraph-b3GxD html-paragraph">The cyberattack on French supermarkets earlier this week that ultimately spoiled hundreds of fridges worth of food should be a wake-up call about the vulnerabilities of digitized systems and devices that are connected to the internet, cybersecurity experts say.</p>
<p class="paragraph-b3GxD html-paragraph">&#8220;The more we rely on connected technology, the more we need to keep in mind the crucial aspect that is their security and privacy,&#8221; said Montreal-based cybersecurity expert Steven Lachance.</p>
<p class="paragraph-b3GxD html-paragraph">The attack appeared to target centralized control systems that allow the temperature of fridges to be changed remotely. Hackers were able to access those controls and jack up fridge temperatures at hundreds of grocery stores — in some cases as high as 50 C — causing their contents to spoil, and potentially causing fires.</p>
<p class="paragraph-b3GxD html-paragraph">The Paris prosecutor&#8217;s office said Tuesday that its cybercrime unit was investigating the large-scale attack to determine the extent of the damage and pin down the hackers behind it. No group has claimed responsibility so far, nor was there a ransom demand, according to Reuters.</p>
<p class="paragraph-b3GxD html-paragraph">Here&#8217;s what you need to know about the supermarket cyberattack and what it shows about the vulnerability of our tech — from commercial systems to household devices.</p>
<h2 class="h2-WTv89 html-heading"><strong>What happened in France?</strong></h2>
<p class="paragraph-b3GxD html-paragraph">Toronto-based tech and cybersecurity analyst Ritesh Kotak says the fridges in stores are usually connected to the internet through a centralized panel that allows metrics like temperature to be monitored and adjusted remotely. </p>
<p class="paragraph-b3GxD html-paragraph">Dominique Schelcher, CEO of Coopérative U, one of the affected French grocery store chains, said <a rel="nofollow" class="link-_o8iA html-anchor" href="https://x.com/schelcher/status/2109964033461809295" target="_blank"><u>on social media</u></a> that its fridges are connected to the internet in this way in order to monitor temperatures around the clock &#8220;in the event of an anomaly.&#8221;</p>
<p class="paragraph-b3GxD html-paragraph">On Monday, France&#8217;s national cybersecurity agency, ANSSI, said it was aware of numerous refrigerator control panels being compromised. </p>
<p class="paragraph-b3GxD html-paragraph">ANSSI said the remote monitoring systems targeted were made by a Dutch company called Danfoss. The cybersecurity agency later said similar systems made by Copeland and Dixell were <a rel="nofollow" class="link-_o8iA html-anchor" href="https://www.cert.ssi.gouv.fr/alerte/CERTFR-2026-ALE-012/" target="_blank"><u>also targeted</u></a>.</p>
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<div class="placeholder-cWBmZ placeholder"><picture><source media="(max-width: 480px)" srcset="https://i.cbc.ca/ais/cdab1ee0-a8ca-4472-a742-8302e9895cec,1791930895627/full/max/0/default.jpg?im=Crop%2Crect%3D%280%2C0%2C4240%2C2832%29%3BResize%3D796"/><img decoding="async" loading="lazy" alt="an empty supermarket fridge sits with a letter on the glass, telling consumers that their refridgeration system was affected by a hack" srcset="https://i.cbc.ca/ais/cdab1ee0-a8ca-4472-a742-8302e9895cec,1791930895627/full/max/0/default.jpg?im=Crop%2Crect%3D%280%2C0%2C4240%2C2832%29%3BResize%3D796 796w,https://i.cbc.ca/ais/cdab1ee0-a8ca-4472-a742-8302e9895cec,1791930895627/full/max/0/default.jpg?im=Crop%2Crect%3D%280%2C0%2C4240%2C2832%29%3BResize%3D1083 1083w,https://i.cbc.ca/ais/cdab1ee0-a8ca-4472-a742-8302e9895cec,1791930895627/full/max/0/default.jpg?im=Crop%2Crect%3D%280%2C0%2C4240%2C2832%29%3BResize%3D1280 1280w" sizes="(max-width: 762px) calc(100vw - 32px),730px" src="https://i.cbc.ca/ais/cdab1ee0-a8ca-4472-a742-8302e9895cec,1791930895627/full/max/0/default.jpg?im=Crop%2Crect%3D%280%2C0%2C4240%2C2832%29%3B" style="aspect-ratio:1.497175141242938" data-cy="image-img"/></picture></div>
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<p class="imageCaption-oOSXz">View of empty refrigerators at the frozen food aisle inside an Intermarché supermarket in Paris on Tuesday. The placard reads: &#8220;Important information. Our store has been hacked, and our refrigeration system has been affected.&#8221;<!-- --> <!-- -->(Lucien Libert/Reuters)</p>
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<p class="paragraph-b3GxD html-paragraph">Danfoss <a rel="nofollow" class="link-_o8iA html-anchor" href="https://www.cbc.ca/news/world/france-supermarket-freezers-overheated-cyberattack-9.7378180" target="_blank">told news agencies on Monday</a> that the affected units were running &#8220;outdated firmware,&#8221; or had &#8220;reached end of life and no longer receive software or security updates.&#8221;</p>
<p class="paragraph-b3GxD html-paragraph">Cybersecurity firm ​<a rel="nofollow" class="link-_o8iA html-anchor" href="https://claroty.com/team82/research/freeze-the-controller-defrost-the-food-uncovering-vulnerabilities-in-danfoss-refrigeration-controllers" target="_blank"><u>Claroty published a report</u></a> in August detailing a vulnerability with Danfoss&#8217;s firmware that could allow hackers to bypass the standard login process and gain access in order to make changes remotely. Danfoss released a patch to fix the vulnerability shortly afterwards and urged users to install it.</p>
<p class="paragraph-b3GxD html-paragraph">&#8220;These vulnerabilities should be considered serious,&#8221; the company said in <a rel="nofollow" class="link-_o8iA html-anchor" href="https://www.danfoss.com/en/service-and-support/coordinated-vulnerability-disclosure/danfoss-security-advisories/dsa-2025-08-01/" target="_blank"><u>its security advisory at the time.</u></a></p>
<p class="paragraph-b3GxD html-paragraph">The exact mechanism used to hack the fridge controllers in France is still unknown, but&#8230;</p>
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<p><br />
<br />Read More: <a href="https://www.cbc.ca/news/business/france-fridge-hack-smart-devices-food-system-9.7379613?cmp=rss">A fridge hack spoiled food in hundreds of French supermarkets.</a></p>
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		<title>Flock Safety camera hack yields 1.6M images, but expert says network safe</title>
		<link>https://financenews.one/2026/10/09/flock-safety-camera-hack-yields-1-6m-images-but-expert-says-network-safe/</link>
		
		<dc:creator><![CDATA[Finance News]]></dc:creator>
		<pubDate>Sat, 10 Oct 2026 02:01:17 +0000</pubDate>
				<category><![CDATA[industry]]></category>
		<category><![CDATA[1.6M]]></category>
		<category><![CDATA[camera]]></category>
		<category><![CDATA[expert]]></category>
		<category><![CDATA[flock]]></category>
		<category><![CDATA[Hack]]></category>
		<category><![CDATA[images]]></category>
		<category><![CDATA[network]]></category>
		<category><![CDATA[safe]]></category>
		<category><![CDATA[safety]]></category>
		<category><![CDATA[yields]]></category>
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					<description><![CDATA[<div style="margin-bottom:20px;"><img width="1280" height="720" src="https://financenews.one/wp-content/uploads/2026/10/1-washington-judge-rules-ai-camera-images-are-public-1.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" loading="lazy" srcset="https://financenews.one/wp-content/uploads/2026/10/1-washington-judge-rules-ai-camera-images-are-public-1.jpg 1280w, https://financenews.one/wp-content/uploads/2026/10/1-washington-judge-rules-ai-camera-images-are-public-1-300x169.jpg 300w, https://financenews.one/wp-content/uploads/2026/10/1-washington-judge-rules-ai-camera-images-are-public-1-1024x576.jpg 1024w, https://financenews.one/wp-content/uploads/2026/10/1-washington-judge-rules-ai-camera-images-are-public-1-768x432.jpg 768w" sizes="auto, (max-width: 1280px) 100vw, 1280px" /></div>Former Secret Service cybercrime expert Jason Brown explains what was exposed after a stolen Flock license-plate camera was reverse engineered and why he says the company’s broader cloud network was not compromised. A stolen Flock Safety license-plate camera yielded roughly 1.6 million images after hackers physically removed and reverse-engineered the device, but a former Secret [&#8230;]]]></description>
										<content:encoded><![CDATA[<div style="margin-bottom:20px;"><img width="1280" height="720" src="https://financenews.one/wp-content/uploads/2026/10/1-washington-judge-rules-ai-camera-images-are-public-1.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" loading="lazy" srcset="https://financenews.one/wp-content/uploads/2026/10/1-washington-judge-rules-ai-camera-images-are-public-1.jpg 1280w, https://financenews.one/wp-content/uploads/2026/10/1-washington-judge-rules-ai-camera-images-are-public-1-300x169.jpg 300w, https://financenews.one/wp-content/uploads/2026/10/1-washington-judge-rules-ai-camera-images-are-public-1-1024x576.jpg 1024w, https://financenews.one/wp-content/uploads/2026/10/1-washington-judge-rules-ai-camera-images-are-public-1-768x432.jpg 768w" sizes="auto, (max-width: 1280px) 100vw, 1280px" /></div><p> <br />
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<p>Former Secret Service cybercrime expert Jason Brown explains what was exposed after a stolen Flock license-plate camera was reverse engineered and why he says the company’s broader cloud network was not compromised.</p>
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<p>A stolen Flock Safety license-plate camera yielded roughly 1.6 million images after hackers physically removed and reverse-engineered the device, but a former Secret Service <a rel="nofollow" href="https://www.foxbusiness.com/category/cyber-security" target="_blank" rel="noopener">cybercrime expert</a> says the incident does not appear to have compromised Flock&#8217;s broader cloud network.</p>
<p>Jason Brown, director of customer advisory and counter-fraud lead at threat intelligence firm iCOUNTER, spent 25 years with the U.S. Secret Service and specialized in cybercrime.</p>
<p>Brown told FOX Business that the distinction between accessing one physically stolen camera and breaching Flock&#8217;s network is critical.</p>
<p>&#8220;The biggest thing I keep hammering at home [is] that Flock was never compromised,&#8221; Brown said. &#8220;So there&#8217;s never been a large dump of information out of their network.&#8221;</p>
<p><a rel="nofollow" href="https://www.foxbusiness.com/technology/australia-pm-says-openai-agent-accessed-government-health-website-raises-extreme-concern" target="_blank" rel="noopener"><strong>AUSTRALIAN PRIME MINISTER SAYS OPENAI AGENT ACCESSED GOVERNMENT HEALTH WEBSITE, RAISES &#8216;EXTREME CONCERN&#8217;</strong></a></p>
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<div class="m"><picture><source media="(max-width: 767px)" srcset="https://a57.foxnews.com/static.foxbusiness.com/foxbusiness.com/content/uploads/2026/09/343/192/flock-safety-camera-light-pole-burbank.jpg?ve=1&#038;tl=1, https://a57.foxnews.com/static.foxbusiness.com/foxbusiness.com/content/uploads/2026/09/686/384/flock-safety-camera-light-pole-burbank.jpg?ve=1&#038;tl=1 2x"><source media="(min-width: 768px) and (max-width: 1023px)" srcset="https://a57.foxnews.com/static.foxbusiness.com/foxbusiness.com/content/uploads/2026/09/672/378/flock-safety-camera-light-pole-burbank.jpg?ve=1&#038;tl=1, https://a57.foxnews.com/static.foxbusiness.com/foxbusiness.com/content/uploads/2026/09/1344/756/flock-safety-camera-light-pole-burbank.jpg?ve=1&#038;tl=1 2x"><source media="(min-width: 1024px) and (max-width: 1279px)" srcset="https://a57.foxnews.com/static.foxbusiness.com/foxbusiness.com/content/uploads/2026/09/931/523/flock-safety-camera-light-pole-burbank.jpg?ve=1&#038;tl=1, https://a57.foxnews.com/static.foxbusiness.com/foxbusiness.com/content/uploads/2026/09/1862/1046/flock-safety-camera-light-pole-burbank.jpg?ve=1&#038;tl=1 2x"><source media="(min-width: 1280px)" srcset="https://a57.foxnews.com/static.foxbusiness.com/foxbusiness.com/content/uploads/2026/09/720/405/flock-safety-camera-light-pole-burbank.jpg?ve=1&#038;tl=1, https://a57.foxnews.com/static.foxbusiness.com/foxbusiness.com/content/uploads/2026/09/1440/810/flock-safety-camera-light-pole-burbank.jpg?ve=1&#038;tl=1 2x"><img decoding="async" src="https://a57.foxnews.com/static.foxbusiness.com/foxbusiness.com/content/uploads/2026/09/931/523/flock-safety-camera-light-pole-burbank.jpg?ve=1&#038;tl=1" alt="A Flock Safety automated license plate reader camera"/></source></source></source></source></picture></div>
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<p><span>Hackers physically removed a Flock Safety license-plate camera and reverse-engineered the device, recovering roughly 1.6 million images, according to WIRED.</span><span> (Getty Images / Getty Images)</span></p>
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<p>According to <a rel="nofollow" href="https://www.wired.com/story/hackers-flock-camera-data-shows-how-system-works/" target="_blank" rel="noopener noreferrer nofollow">WIRED</a>, hackers physically removed a Flock camera from above a roadway and reverse-engineered it. They reportedly discovered encrypted and unencrypted portions of the device&#8217;s storage and recovered an encryption key stored on the camera that allowed them to unlock additional data.</p>
<p>&#8220;This was a situation where somebody physically had access to a camera because they stole it off of a pole, took it home, and then did backward engineering on that camera,&#8221; Brown said.</p>
<p>&#8220;That did not give them the capability to actually log into the cloud portion of Flock, and nothing in the cloud of Flock proper was accessed.&#8221;</p>
<p>According to WIRED&#8217;s analysis, the recovered logs covered roughly 21 days of activity, including 1.6 million images, 50,200 vehicles and 27,000 short video clips.</p>
<p>Flock told FOX Business that &#8220;the unauthorized removal and tampering of a Flock camera is illegal.&#8221;</p>
<p>&#8220;Flock takes security seriously and maintains a public Vulnerability Disclosure Policy for security researchers to report potential vulnerabilities directly to us. We received no report through that process,&#8221; the company said.</p>
<p>Flock cameras capture images and short videos of <a rel="nofollow" href="https://www.foxbusiness.com/category/auto" target="_blank" rel="noopener">passing vehicles</a>, which are transmitted to the company&#8217;s cloud infrastructure for processing and can then be searched by authorized law enforcement users.</p>
<p><a rel="nofollow" href="https://www.foxbusiness.com/technology/openai-100-companies-warn-coming-surge-ai-powered-cyberattacks-call-global-defense-push" target="_blank" rel="noopener"><strong>OPENAI, 100+ COMPANIES WARN OF COMING SURGE IN AI-POWERED CYBERATTACKS, CALL FOR GLOBAL DEFENSE PUSH</strong></a></p>
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<div class="m"><picture><source media="(max-width: 767px)" srcset="https://a57.foxnews.com/static.foxbusiness.com/foxbusiness.com/content/uploads/2026/09/343/192/jason-brown-flock-safety-camera-cybersecurity.jpg?ve=1&#038;tl=1, https://a57.foxnews.com/static.foxbusiness.com/foxbusiness.com/content/uploads/2026/09/686/384/jason-brown-flock-safety-camera-cybersecurity.jpg?ve=1&#038;tl=1 2x"><source media="(min-width: 768px) and (max-width: 1023px)" srcset="https://a57.foxnews.com/static.foxbusiness.com/foxbusiness.com/content/uploads/2026/09/672/378/jason-brown-flock-safety-camera-cybersecurity.jpg?ve=1&#038;tl=1, https://a57.foxnews.com/static.foxbusiness.com/foxbusiness.com/content/uploads/2026/09/1344/756/jason-brown-flock-safety-camera-cybersecurity.jpg?ve=1&#038;tl=1 2x"><source media="(min-width: 1024px) and (max-width: 1279px)" srcset="https://a57.foxnews.com/static.foxbusiness.com/foxbusiness.com/content/uploads/2026/09/931/523/jason-brown-flock-safety-camera-cybersecurity.jpg?ve=1&#038;tl=1, https://a57.foxnews.com/static.foxbusiness.com/foxbusiness.com/content/uploads/2026/09/1862/1046/jason-brown-flock-safety-camera-cybersecurity.jpg?ve=1&#038;tl=1 2x"><source media="(min-width: 1280px)" srcset="https://a57.foxnews.com/static.foxbusiness.com/foxbusiness.com/content/uploads/2026/09/720/405/jason-brown-flock-safety-camera-cybersecurity.jpg?ve=1&#038;tl=1, https://a57.foxnews.com/static.foxbusiness.com/foxbusiness.com/content/uploads/2026/09/1440/810/jason-brown-flock-safety-camera-cybersecurity.jpg?ve=1&#038;tl=1 2x"><img decoding="async" src="https://a57.foxnews.com/static.foxbusiness.com/foxbusiness.com/content/uploads/2026/09/931/523/jason-brown-flock-safety-camera-cybersecurity.jpg?ve=1&#038;tl=1" alt="Former U.S. Secret Service cybercrime expert Jason Brown"/></source></source></source></source></picture></div>
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<p><span>Former U.S. Secret Service cybercrime expert Jason Brown told FOX Business that hackers&#8217; access to a physically stolen Flock camera did not amount to a breach of the company&#8217;s broader cloud network.</span><span> (FOX Business / FOXBusiness)</span></p>
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<p>Brown characterized the stolen-camera incident and an earlier security issue&#8230;</p>
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<p><br />
<br />Read More: <a href="https://www.foxbusiness.com/technology/former-secret-service-cybercrime-expert-weighs-privacy-hackers-breach-stolen-flock-camera">Flock Safety camera hack yields 1.6M images, but expert says network safe</a></p>
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		<title>Bitget &#8216;not expecting to recover a lot&#8217; from $388 million hack: CEO</title>
		<link>https://financenews.one/2026/10/04/bitget-not-expecting-to-recover-a-lot-from-388-million-hack-ceo/</link>
		
		<dc:creator><![CDATA[Finance News]]></dc:creator>
		<pubDate>Mon, 05 Oct 2026 02:04:06 +0000</pubDate>
				<category><![CDATA[Finance]]></category>
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		<category><![CDATA[Breaking News: Technology]]></category>
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		<category><![CDATA[Computer crime]]></category>
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		<category><![CDATA[expecting]]></category>
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					<description><![CDATA[<div style="margin-bottom:20px;"><img width="1920" height="1080" src="https://financenews.one/wp-content/uploads/2026/10/108367898-1790316272176-gettyimages-2283485962-boivin-notitle260630_npi4X.jpeg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" loading="lazy" srcset="https://financenews.one/wp-content/uploads/2026/10/108367898-1790316272176-gettyimages-2283485962-boivin-notitle260630_npi4X.jpeg 1920w, https://financenews.one/wp-content/uploads/2026/10/108367898-1790316272176-gettyimages-2283485962-boivin-notitle260630_npi4X-300x169.jpeg 300w, https://financenews.one/wp-content/uploads/2026/10/108367898-1790316272176-gettyimages-2283485962-boivin-notitle260630_npi4X-1024x576.jpeg 1024w, https://financenews.one/wp-content/uploads/2026/10/108367898-1790316272176-gettyimages-2283485962-boivin-notitle260630_npi4X-768x432.jpeg 768w, https://financenews.one/wp-content/uploads/2026/10/108367898-1790316272176-gettyimages-2283485962-boivin-notitle260630_npi4X-1536x864.jpeg 1536w" sizes="auto, (max-width: 1920px) 100vw, 1920px" /></div>Approximately $1.1 million of the nearly $388 million stolen from crypto exchange Bitget in last week’s cyberattack has been frozen, as the platform continues efforts to trace and recover the assets. Frozen assets had not necessarily been returned to the exchange, CEO Gracy Chen told CNBC in an email interview. She did not disclose how [&#8230;]]]></description>
										<content:encoded><![CDATA[<div style="margin-bottom:20px;"><img width="1920" height="1080" src="https://financenews.one/wp-content/uploads/2026/10/108367898-1790316272176-gettyimages-2283485962-boivin-notitle260630_npi4X.jpeg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" loading="lazy" srcset="https://financenews.one/wp-content/uploads/2026/10/108367898-1790316272176-gettyimages-2283485962-boivin-notitle260630_npi4X.jpeg 1920w, https://financenews.one/wp-content/uploads/2026/10/108367898-1790316272176-gettyimages-2283485962-boivin-notitle260630_npi4X-300x169.jpeg 300w, https://financenews.one/wp-content/uploads/2026/10/108367898-1790316272176-gettyimages-2283485962-boivin-notitle260630_npi4X-1024x576.jpeg 1024w, https://financenews.one/wp-content/uploads/2026/10/108367898-1790316272176-gettyimages-2283485962-boivin-notitle260630_npi4X-768x432.jpeg 768w, https://financenews.one/wp-content/uploads/2026/10/108367898-1790316272176-gettyimages-2283485962-boivin-notitle260630_npi4X-1536x864.jpeg 1536w" sizes="auto, (max-width: 1920px) 100vw, 1920px" /></div><p> <br />
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<p>Approximately $1.1 million of the nearly $388 million stolen from crypto exchange Bitget in <a rel="nofollow" href="https://www.cnbc.com/2026/09/25/crypto-platform-bitget-suspects-north-korea-in-352-million-hack.html">last week’s cyberattack</a> has been frozen, as the platform continues efforts to trace and recover the assets.</p>
<p>Frozen assets had not necessarily been returned to the exchange, CEO Gracy Chen told CNBC in an email interview. She did not disclose how much had been recovered.</p>
<p>Speaking on CNBC’s “Squawk Box Europe” on Wednesday, Chen said she was “not expecting to recover a lot of funds,” citing the limited recovery from previous cryptocurrency exchange hacks. However, “exchanges have a responsibility to demonstrate how they protect users, particularly when something goes wrong,” she said.</p>
<p>Bitget said user account balances were unaffected. </p>
<p>The exchange valued its protection fund at more than $464 million before the theft. It was drawn down to below $200 million following the hack, according to <a rel="nofollow" href="https://www.bloomberg.com/news/articles/2026-09-29/crypto-hack-spurs-463-million-in-customer-outflows-at-bitget" target="_blank">Bloomberg&#8217;s calculation</a> of the fund&#8217;s disclosed wallet addresses, before being restored to more than $300 million. Chen said the replenished fund remained publicly verifiable on-chain and was separate from the reserves backing customer balances.</p>
<p>Bitget’s latest <a rel="nofollow" href="https://www.bitget.com/blog/articles/september-2026-proof-of-reserves-131-percent" target="_blank">Proof of Reserves</a>, based on a Sept. 29 snapshot, showed a self-reported overall reserve ratio of 131%, with all 19 covered assets backed above 100%.</p>
<p>“We restored the Fund using Bitget’s own capital,” Chen said. “The financial impact is being absorbed by Bitget rather than passed on to our users.”</p>
<p>Investigation reports released Sept. 30 by <a rel="nofollow" href="https://img.bgstatic.com/multiLang/events/MFR26-1029_Status_Update_Bitget_0930.pdf" target="_blank">Mandiant</a>, part of Google Cloud, and blockchain security firm <a rel="nofollow" href="https://github.com/slowmist/Knowledge-Base/blob/master/open-report-V2/incident-response/SlowMist%20Investigation%20Progress%20Report%20-%20Bitget_en-us.pdf" target="_blank">SlowMist</a> found that the attackers compromised two third-party security products before gaining access to Bitget’s production wallet systems.</p>
<p>SlowMist traced the earliest malicious activity in available logs to Aug. 31, when a previously unknown, or zero-day, vulnerability was exploited in one of the products. </p>
<p>The attackers were then able to obtain privileged internal access and bypass the normal customer-facing withdrawal process without stealing private keys, Mandiant reported.</p>
<p>“The method, I would say, is quite sophisticated,” Chen said on “Squawk Box Europe,” adding that the attackers deleted traces after transfers to hinder the investigation.</p>
<p>Neither report identified the affected security products. When asked, Chen declined to disclose further vendor or product details, citing the potential to introduce additional security risks by releasing information beyond the published findings.</p>
<p>The reports did not attribute the attacks to North Korea. Chen had previously said preliminary technical indicators were highly consistent with known North Korean hacking groups.</p>
<p>&#8220;We will have to wait further for further details on this,&#8221; she told CNBC.</p>
<p>Withdrawals for bitcoin, ether and USDT have resumed. Bitget has <a rel="nofollow" href="https://www.bitget.com/support/articles/12560603896110" target="_blank">scheduled withdrawals</a> for its remaining cryptocurrencies, along with fiat and peer-to-peer services, to resume on Friday.</p>
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<p><br />
<br />Read More: <a href="https://www.cnbc.com/2026/10/02/bitget-crypto-stolen-hack-recovery.html">Bitget &#8216;not expecting to recover a lot&#8217; from $388 million hack: CEO</a></p>
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		<title>AI agents tried to hack Library and Archives Canada website, research firm</title>
		<link>https://financenews.one/2026/10/02/ai-agents-tried-to-hack-library-and-archives-canada-website-research-firm/</link>
		
		<dc:creator><![CDATA[Finance News]]></dc:creator>
		<pubDate>Fri, 02 Oct 2026 14:19:55 +0000</pubDate>
				<category><![CDATA[Markets]]></category>
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		<category><![CDATA[Hack]]></category>
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					<description><![CDATA[<div style="margin-bottom:20px;"><img width="620" height="349" src="https://financenews.one/wp-content/uploads/2026/10/1790950795_default.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" loading="lazy" srcset="https://financenews.one/wp-content/uploads/2026/10/1790950795_default.jpg 620w, https://financenews.one/wp-content/uploads/2026/10/1790950795_default-300x169.jpg 300w" sizes="auto, (max-width: 620px) 100vw, 620px" /></div>Listen to this article Estimated 3 minutes The audio version of this article is generated by AI-based technology. Mispronunciations can occur. We are working with our partners to continually review and improve the results. AI agents tried to hack into a Canadian government website, an artificial intelligence research firm said Wednesday, casting the effort as [&#8230;]]]></description>
										<content:encoded><![CDATA[<div style="margin-bottom:20px;"><img width="620" height="349" src="https://financenews.one/wp-content/uploads/2026/10/1790950795_default.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" loading="lazy" srcset="https://financenews.one/wp-content/uploads/2026/10/1790950795_default.jpg 620w, https://financenews.one/wp-content/uploads/2026/10/1790950795_default-300x169.jpg 300w" sizes="auto, (max-width: 620px) 100vw, 620px" /></div><p> <br />
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<p>The audio version of this article is generated by AI-based technology. Mispronunciations can occur. We are working with our partners to continually review and improve the results.</p>
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<p>AI agents tried to hack into a Canadian government website, an artificial intelligence research firm said Wednesday, casting the effort as a failed hacking attempt, while Canada said there were no indications its systems were compromised.</p>
<p><a rel="nofollow" href="https://transluce.org/us-canada-gov" target="_blank">AI research firm Transluce said</a> the attempts exhibited tactics &#8220;consistent with prior observed agent activity that we have attributed to OpenAI in a similar timeframe.&#8221; But it added it was not confidently attributing these attempts to OpenAI.</p>
<p>The agents attempted to access Library and Archives Canada on May 28 and June 9, <a rel="nofollow" href="https://transluce.org/us-canada-gov">Transluce said in a blog post</a>. The company said it disclosed the action to the Canadian government on Monday.</p>
<p>The Canadian Centre for Cyber Security said Tuesday it was aware of reports of suspected AI agent activity. &#8220;There is no indication that government systems have been compromised at this time,&#8221; it said in a statement.</p>
<p>OpenAI also said it was &#8220;aware of reports of OpenAI models attempting to access publicly available information from Canadian government websites.&#8221; A spokesperson said OpenAI was reviewing the reported findings and had provided an initial briefing to Canadian officials conducting the government’s review.</p>
<div><em><strong>WATCH | Will rogue AI mean the end of humanity? Experts weigh in:</strong></em><span><span class="mediaEmbed mediaEmbed-mk5Wt"></p>
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<p class="video-item-title">Will rogue AI development mean the end of humanity? Experts weigh in</p>
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<p><span class="mediaCaption-AqmTr">Some experts and industry insiders are warning about massive risks associated with the rapid deployment of self-improving artificial intelligence — even suggesting it could lead to the extinction of the human race. CBC’s Deana Sumanac-Johnson brings in an expert panel to separate the facts from science fiction. This panel premiered on Sept. 12, 2026.</span></span></span></div>
<p>When asked about the attempted hack, a spokesperson for Artificial Intelligence Minister Evan Solomon said protecting Canadians and safeguarding government systems is a top priority.</p>
<p>&#8220;At this time, there is no indication that Government of Canada systems were compromised. We are working closely with the Canadian Centre for Cyber Security as part of the ongoing assessment, and we will continue to be transparent with Canadians about this work,&#8221; the spokesperson wrote in an email to CBC News on Thursday.</p>
<h2>Governments struggle to keep pace with AI advances</h2>
<p>The ​world’s leading AI companies have warned ⁠of the risks posed by AI to ​humanity, appealing for governments to work together to ​manage the increasingly powerful technology. Governments around the world have struggled to keep pace with rapid advances in AI.</p>
<p>Free online service arquivo.pt, the national Portuguese web archive that is operated by the Portuguese Foundation for Science and Technology, captured 899 requests hitting the &#8220;collection-search&#8221; service of the Library and Archives Canada, including a series of&#8230;</p>
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<br />Read More: <a href="https://www.cbc.ca/news/business/ai-hack-canada-9.7364946?cmp=rss">AI agents tried to hack Library and Archives Canada website, research firm</a></p>
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		<title>Nvidia says new AI security platform could have stopped Hugging Face hack</title>
		<link>https://financenews.one/2026/09/28/nvidia-says-new-ai-security-platform-could-have-stopped-hugging-face-hack/</link>
		
		<dc:creator><![CDATA[Finance News]]></dc:creator>
		<pubDate>Mon, 28 Sep 2026 20:12:31 +0000</pubDate>
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		<guid isPermaLink="false">https://financenews.one/2026/09/28/nvidia-says-new-ai-security-platform-could-have-stopped-hugging-face-hack/</guid>

					<description><![CDATA[<div style="margin-bottom:20px;"><img width="1280" height="720" src="https://financenews.one/wp-content/uploads/2026/09/jensen-huang-nvidia-ceo.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" loading="lazy" srcset="https://financenews.one/wp-content/uploads/2026/09/jensen-huang-nvidia-ceo.jpg 1280w, https://financenews.one/wp-content/uploads/2026/09/jensen-huang-nvidia-ceo-300x169.jpg 300w, https://financenews.one/wp-content/uploads/2026/09/jensen-huang-nvidia-ceo-1024x576.jpg 1024w, https://financenews.one/wp-content/uploads/2026/09/jensen-huang-nvidia-ceo-768x432.jpg 768w" sizes="auto, (max-width: 1280px) 100vw, 1280px" /></div>Stuart Varney highlights NVIDIAs new software designed to combat rogue AI agents. FOX Business Madison Alworth reports on OpenAI security, President Donald Trumps upcoming meeting with AI CEOs and companion robots. Nvidia on Monday announced the release of software safety tools for artificial intelligence (AI) agents that it said would&#8217;ve stopped the hack of Hugging [&#8230;]]]></description>
										<content:encoded><![CDATA[<div style="margin-bottom:20px;"><img width="1280" height="720" src="https://financenews.one/wp-content/uploads/2026/09/jensen-huang-nvidia-ceo.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" loading="lazy" srcset="https://financenews.one/wp-content/uploads/2026/09/jensen-huang-nvidia-ceo.jpg 1280w, https://financenews.one/wp-content/uploads/2026/09/jensen-huang-nvidia-ceo-300x169.jpg 300w, https://financenews.one/wp-content/uploads/2026/09/jensen-huang-nvidia-ceo-1024x576.jpg 1024w, https://financenews.one/wp-content/uploads/2026/09/jensen-huang-nvidia-ceo-768x432.jpg 768w" sizes="auto, (max-width: 1280px) 100vw, 1280px" /></div><p> <br />
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<p>Stuart Varney highlights NVIDIAs new software designed to combat rogue AI agents. FOX Business Madison Alworth reports on OpenAI security, President Donald Trumps upcoming meeting with AI CEOs and companion robots.
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<p>Nvidia on Monday announced the release of software safety tools for <a rel="nofollow" href="https://www.foxbusiness.com/category/artificial-intelligence" target="_blank" rel="noopener noreferrer">artificial intelligence (AI)</a> agents that it said would&#8217;ve stopped the hack of Hugging Face by rogue OpenAI agents.</p>
<p>The incident involving Hugging Face, which was acquired by Nvidia for $13 billion, involved OpenAI agents that broke containment from an internal test and the two companies ultimately worked together to defeat the attack.</p>
<p>Nvidia&#8217;s announcement comes as OpenAI and Anthropic, the two top AI labs in the U.S. that develop frontier models, are investigating numerous instances in which <a rel="nofollow" href="https://www.foxbusiness.com/category/tech" target="_blank" rel="noopener noreferrer">AI agents</a> hacked into commercial and government systems.</p>
<p>Justin Boitano, vice president and general manager of enterprise computing at Nvidia, said at a media briefing, &#8220;From what we know, this new security platform could have stopped the breach if it was being used in frontier labs for model evaluation early on.&#8221;</p>
<p><a rel="nofollow" href="https://www.foxbusiness.com/technology/top-ai-companies-call-safety-measures-while-critics-warn-regulation-could-stifle-innovation" target="_blank" rel="noopener noreferrer"><strong>TOP AI COMPANIES CALL FOR SAFETY MEASURES WHILE CRITICS WARN REGULATION COULD STIFLE INNOVATION</strong></a></p>
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<div class="m"><picture><source media="(max-width: 767px)" srcset="https://a57.foxnews.com/static.foxbusiness.com/foxbusiness.com/content/uploads/2025/11/343/192/jensen-huang-nvidia-ceo.jpg?ve=1&#038;tl=1, https://a57.foxnews.com/static.foxbusiness.com/foxbusiness.com/content/uploads/2025/11/686/384/jensen-huang-nvidia-ceo.jpg?ve=1&#038;tl=1 2x"><source media="(min-width: 768px) and (max-width: 1023px)" srcset="https://a57.foxnews.com/static.foxbusiness.com/foxbusiness.com/content/uploads/2025/11/672/378/jensen-huang-nvidia-ceo.jpg?ve=1&#038;tl=1, https://a57.foxnews.com/static.foxbusiness.com/foxbusiness.com/content/uploads/2025/11/1344/756/jensen-huang-nvidia-ceo.jpg?ve=1&#038;tl=1 2x"><source media="(min-width: 1024px) and (max-width: 1279px)" srcset="https://a57.foxnews.com/static.foxbusiness.com/foxbusiness.com/content/uploads/2025/11/931/523/jensen-huang-nvidia-ceo.jpg?ve=1&#038;tl=1, https://a57.foxnews.com/static.foxbusiness.com/foxbusiness.com/content/uploads/2025/11/1862/1046/jensen-huang-nvidia-ceo.jpg?ve=1&#038;tl=1 2x"><source media="(min-width: 1280px)" srcset="https://a57.foxnews.com/static.foxbusiness.com/foxbusiness.com/content/uploads/2025/11/720/405/jensen-huang-nvidia-ceo.jpg?ve=1&#038;tl=1, https://a57.foxnews.com/static.foxbusiness.com/foxbusiness.com/content/uploads/2025/11/1440/810/jensen-huang-nvidia-ceo.jpg?ve=1&#038;tl=1 2x"><img decoding="async" src="https://a57.foxnews.com/static.foxbusiness.com/foxbusiness.com/content/uploads/2025/11/931/523/jensen-huang-nvidia-ceo.jpg?ve=1&#038;tl=1" alt="NVIDIA CEO Jensen Huang"/></source></source></source></source></picture></div>
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<p><span>Nvidia CEO Jensen Huang has touted open AI systems as helpful in securing tech systems.</span><span> (Reuters/Lisi Niesner)</span></p>
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<p>Nvidia&#8217;s OpenShell provides what the company described as an open-source secure runtime for executing autonomous AI agents in <a rel="nofollow" href="https://www.foxbusiness.com/category/cyber-security" target="_blank" rel="noopener noreferrer">sandboxed environments</a> with kernel-level isolation.</p>
<p>It said that &#8220;every agent should run in a zero-trust environment out of the box. They need isolation, monitoring, and behavior detection,&#8221; which the software can offer.</p>
<p>AI agents can drift from their intended task or operating constraints in response to a policy block, a bug or a missing tool, if instructions are ambiguous or agents are left to run for days or weeks to solve difficult problems, and they fail repeatedly, Nvidia said.</p>
<p><a rel="nofollow" href="https://www.foxbusiness.com/technology/ai-expert-warns-machine-speed-cyberthreats-require-faster-defenses-human-led-responses" target="_blank" rel="noopener noreferrer"><strong>AI EXPERT WARNS &#8216;MACHINE-SPEED&#8217; CYBERTHREATS MAY REQUIRE FASTER DEFENSES THAN HUMAN-LED RESPONSES</strong></a></p>
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<div class="m"><picture><source media="(max-width: 767px)" srcset="https://a57.foxnews.com/static.foxbusiness.com/foxbusiness.com/content/uploads/2026/07/343/192/hugging-face-openai-security.jpg?ve=1&#038;tl=1, https://a57.foxnews.com/static.foxbusiness.com/foxbusiness.com/content/uploads/2026/07/686/384/hugging-face-openai-security.jpg?ve=1&#038;tl=1 2x"><source media="(min-width: 768px) and (max-width: 1023px)" srcset="https://a57.foxnews.com/static.foxbusiness.com/foxbusiness.com/content/uploads/2026/07/672/378/hugging-face-openai-security.jpg?ve=1&#038;tl=1, https://a57.foxnews.com/static.foxbusiness.com/foxbusiness.com/content/uploads/2026/07/1344/756/hugging-face-openai-security.jpg?ve=1&#038;tl=1 2x"><source media="(min-width: 1024px) and (max-width: 1279px)" srcset="https://a57.foxnews.com/static.foxbusiness.com/foxbusiness.com/content/uploads/2026/07/931/523/hugging-face-openai-security.jpg?ve=1&#038;tl=1, https://a57.foxnews.com/static.foxbusiness.com/foxbusiness.com/content/uploads/2026/07/1862/1046/hugging-face-openai-security.jpg?ve=1&#038;tl=1 2x"><source media="(min-width: 1280px)" srcset="https://a57.foxnews.com/static.foxbusiness.com/foxbusiness.com/content/uploads/2026/07/720/405/hugging-face-openai-security.jpg?ve=1&#038;tl=1, https://a57.foxnews.com/static.foxbusiness.com/foxbusiness.com/content/uploads/2026/07/1440/810/hugging-face-openai-security.jpg?ve=1&#038;tl=1 2x"><img decoding="async" src="https://a57.foxnews.com/static.foxbusiness.com/foxbusiness.com/content/uploads/2026/07/931/523/hugging-face-openai-security.jpg?ve=1&#038;tl=1" alt="Hugging Face logo"/></source></source></source></source></picture></div>
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<p><span>Hugging Face was acquired by Nvidia after a hack by rogue OpenAI agents.</span><span> (Jaque Silva/NurPhoto via Getty Images)</span></p>
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<p>Each agent runs in a sandbox in OpenShell, which checks the limits and instructions provided by the operator before an agent runs and enforces them as it works.</p>
<p>Organizations can also get an additional, independent layer of security through Nvidia Sentry, which extends monitoring and enforcement into Nvidia&#8217;s BlueField hardware.</p>
<p>The security foundation is programmable with Nvidia DOCA and can be connected with OpenShell to help identify drift, investigate <a rel="nofollow" href="https://www.foxbusiness.com/category/fox-news-software" target="_blank" rel="noopener noreferrer">suspicious behavior</a> and determine when intervention or deeper analysis is needed.</p>
<p><a rel="nofollow" href="https://www.foxbusiness.com/technology/banks-warn-ai-shopping-agents-could-increase-risk-scams-fraud-data-privacy-breaches" target="_blank" rel="noopener noreferrer"><strong>BANKS WARN AI SHOPPING AGENTS COULD INCREASE RISK OF SCAMS, FRAUD AND DATA PRIVACY BREACHES</strong></a></p>
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<td class="ticker"><a rel="nofollow" href="https://www.foxbusiness.com/quote?stockTicker=NVDA">NVDA</a></td>
<td class="security">NVIDIA CORP.</td>
<td class="last">228.86</td>
<td class="change pos">+3.79</td>
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        +1.68%
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<p>OpenShell and Sentry are part of the Nvidia Open Agent Safety Platform, which is being adopted by a range of companies in the tech&#8230;</p>
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<p><br />
<br />Read More: <a href="https://www.foxbusiness.com/markets/nvidia-launches-security-platform-keep-ai-agents-from-going-rogue">Nvidia says new AI security platform could have stopped Hugging Face hack</a></p>
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		<title>Crypto platform Bitget suspects North Korea in $352 million hack</title>
		<link>https://financenews.one/2026/09/25/crypto-platform-bitget-suspects-north-korea-in-352-million-hack/</link>
		
		<dc:creator><![CDATA[Finance News]]></dc:creator>
		<pubDate>Sat, 26 Sep 2026 00:38:21 +0000</pubDate>
				<category><![CDATA[Politics]]></category>
		<category><![CDATA[Bitget]]></category>
		<category><![CDATA[business news]]></category>
		<category><![CDATA[Computer crime]]></category>
		<category><![CDATA[crypto]]></category>
		<category><![CDATA[cryptocurrency]]></category>
		<category><![CDATA[Hack]]></category>
		<category><![CDATA[hacking]]></category>
		<category><![CDATA[Korea]]></category>
		<category><![CDATA[million]]></category>
		<category><![CDATA[North]]></category>
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		<guid isPermaLink="false">https://financenews.one/2026/09/25/crypto-platform-bitget-suspects-north-korea-in-352-million-hack/</guid>

					<description><![CDATA[<div style="margin-bottom:20px;"><img width="1920" height="1080" src="https://financenews.one/wp-content/uploads/2026/09/108367888-1790313743841-gettyimages-2291692307-HK_BITCOIN_ASIA.jpeg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" loading="lazy" srcset="https://financenews.one/wp-content/uploads/2026/09/108367888-1790313743841-gettyimages-2291692307-HK_BITCOIN_ASIA.jpeg 1920w, https://financenews.one/wp-content/uploads/2026/09/108367888-1790313743841-gettyimages-2291692307-HK_BITCOIN_ASIA-300x169.jpeg 300w, https://financenews.one/wp-content/uploads/2026/09/108367888-1790313743841-gettyimages-2291692307-HK_BITCOIN_ASIA-1024x576.jpeg 1024w, https://financenews.one/wp-content/uploads/2026/09/108367888-1790313743841-gettyimages-2291692307-HK_BITCOIN_ASIA-768x432.jpeg 768w, https://financenews.one/wp-content/uploads/2026/09/108367888-1790313743841-gettyimages-2291692307-HK_BITCOIN_ASIA-1536x864.jpeg 1536w" sizes="auto, (max-width: 1920px) 100vw, 1920px" /></div>Crypto exchange Bitget suspects North Korean hackers may be behind a security breach that affected about $351.6 million in digital assets, citing preliminary evidence from an ongoing investigation. Bitget CEO Gracy Chen said investigators identified internet protocol addresses linked to VPN services previously used by a North Korean hacking group. The pattern of the attack [&#8230;]]]></description>
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<p>Crypto exchange Bitget suspects North Korean hackers may be behind a security breach that affected about $351.6 million in digital assets, citing preliminary evidence from an ongoing investigation.</p>
<p>Bitget CEO Gracy Chen said investigators identified internet protocol addresses linked to VPN services previously used by a North Korean hacking group. The pattern of the attack also resembled earlier operations attributed to the country, she said in a <a rel="nofollow" href="https://x.com/bitget/status/2103247717481009555" target="_blank">livestream on X</a> earlier today.</p>
<p>Chen said the specific intrusion method used to enter Bitget’s systems remain under technical investigation.</p>
<p>Bitget <a rel="nofollow" href="https://x.com/xiejiayinBitget/status/2103236175528104073" target="_blank">detected unauthorized transfers</a> from some wallets Thursday afternoon stateside, involving 19 transfers from parts of its hot and warm wallet infrastructure, while cold wallets remained secure, according to Chen.</p>
<p>Affected assets included ether, XRP, USDT, USDC, Avalanche and BNB across the Ethereum, XRP Ledger, Avalanche, BNB Smart Chain and Arbitrum networks. <a rel="nofollow" href="https://cointelegraph.com/news/bitget-calls-security-withdrawal-claims-unverified-amid-178m-breach-reports" target="_blank">Earlier on-chain estimates</a> put the outflows at about $183 million, but Bitget said those analyses had not captured activity across all affected blockchains. </p>
<p>The exchange’s security team found that the attacker breached a critical backend wallet system, used it to spoof transfer information and triggered Bitget’s authorization-signing process. Chen said that the breach had been contained, preventing further unauthorized outflows.</p>
<p>&#8220;Private key compromise has been ruled out,&#8221; she said.</p>
<p>Withdrawals remain suspended while technical teams repair and reinforce the affected systems, though deposits and trading continue normally. </p>
<p>While Chen declined to commit to a firm timetable, she said withdrawals could return within hours or days, but &#8220;shouldn&#8217;t take weeks,&#8221; in a broadcast on X a few hours after the attack.</p>
<p>The company maintains that customer balances are accurate and that the loss is fully covered by its User Protection Fund, which holds more than $464 million.</p>
<p>Bybit CEO Ben Zhou said his team was standing by to assist Bitget, which supported Bybit following its <a rel="nofollow" href="https://www.cnbc.com/2025/02/21/hackers-steal-1point5-billion-from-exchange-bybit-biggest-crypto-heist.html">$1.5 billion hack in February 2025</a>. Bybit is updating its LazarusBounty platform to help trace the stolen funds, Zhou added.</p>
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<p><br />
<br />Read More: <a href="https://www.cnbc.com/2026/09/25/crypto-platform-bitget-suspects-north-korea-in-352-million-hack.html">Crypto platform Bitget suspects North Korea in $352 million hack</a></p>
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		<title>Nearly $352M Moved From Crypto Exchange Bitget Wallets In Suspected Hack</title>
		<link>https://financenews.one/2026/09/24/nearly-352m-moved-from-crypto-exchange-bitget-wallets-in-suspected-hack/</link>
		
		<dc:creator><![CDATA[Finance News]]></dc:creator>
		<pubDate>Fri, 25 Sep 2026 01:54:20 +0000</pubDate>
				<category><![CDATA[Crypto]]></category>
		<category><![CDATA[352M]]></category>
		<category><![CDATA[Bitget]]></category>
		<category><![CDATA[crypto]]></category>
		<category><![CDATA[exchange]]></category>
		<category><![CDATA[Hack]]></category>
		<category><![CDATA[moved]]></category>
		<category><![CDATA[Suspected]]></category>
		<category><![CDATA[wallets]]></category>
		<guid isPermaLink="false">https://financenews.one/2026/09/24/nearly-352m-moved-from-crypto-exchange-bitget-wallets-in-suspected-hack/</guid>

					<description><![CDATA[<div style="margin-bottom:20px;"><img width="1920" height="1080" src="https://financenews.one/wp-content/uploads/2026/09/Pics-36.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" loading="lazy" srcset="https://financenews.one/wp-content/uploads/2026/09/Pics-36.jpg 1920w, https://financenews.one/wp-content/uploads/2026/09/Pics-36-300x169.jpg 300w, https://financenews.one/wp-content/uploads/2026/09/Pics-36-1024x576.jpg 1024w, https://financenews.one/wp-content/uploads/2026/09/Pics-36-768x432.jpg 768w, https://financenews.one/wp-content/uploads/2026/09/Pics-36-1536x864.jpg 1536w" sizes="auto, (max-width: 1920px) 100vw, 1920px" /></div>An estimated $351.6 million in crypto has been moved from digital asset exchange Bitget’s hot wallets in a suspected hack.  The platform’s CEO said in a Thursday statement that Bitget’s security team activated an emergency response when the movements were detected. Blockchain security firms had flagged the issue earlier in the day.   “At 18:31 UTC [&#8230;]]]></description>
										<content:encoded><![CDATA[<div style="margin-bottom:20px;"><img width="1920" height="1080" src="https://financenews.one/wp-content/uploads/2026/09/Pics-36.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" loading="lazy" srcset="https://financenews.one/wp-content/uploads/2026/09/Pics-36.jpg 1920w, https://financenews.one/wp-content/uploads/2026/09/Pics-36-300x169.jpg 300w, https://financenews.one/wp-content/uploads/2026/09/Pics-36-1024x576.jpg 1024w, https://financenews.one/wp-content/uploads/2026/09/Pics-36-768x432.jpg 768w, https://financenews.one/wp-content/uploads/2026/09/Pics-36-1536x864.jpg 1536w" sizes="auto, (max-width: 1920px) 100vw, 1920px" /></div><p> <br />
</p>
<div>
<p class="wp-block-paragraph nitro-lazy">An estimated $351.6 million in crypto has been moved from digital asset exchange Bitget’s hot wallets in a suspected hack. </p>
<p class="wp-block-paragraph">The platform’s CEO said in a Thursday statement that Bitget’s security team activated an emergency response when the movements were detected. Blockchain security firms had <a rel="nofollow" href="https://x.com/aggrnews/status/2103216075106144561">flagged</a> the issue earlier in the day.  </p>
<p class="wp-block-paragraph">“At 18:31 UTC on September 24, 2026, Bitget’s security systems detected unauthorized transfers from some of our hot wallets,” Bitget CEO Gracy Chen <a rel="nofollow" href="https://x.com/GracyBitget/status/2103235655879074084">wrote</a> on X. “Our security team activated emergency response protocols immediately.”</p>
<p class="wp-block-paragraph">She added: “Bitget has navigated multiple market cycles. We will not run from this. Every dollar and every decision will be accounted for, transparently and in full.”</p>
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<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
<p lang="en" dir="ltr">[SECURITY NOTICE] Bitget Hot Wallet Incident — September 24, 2026</p>
<p>At 18:31 UTC on September 24, 2026, Bitget&#8217;s security systems detected unauthorized transfers from some of our hot wallets. Our security team activated emergency response protocols immediately.</p>
<p>What we have…</p>
<p>— Gracy Chen @Bitget (@GracyBitget) <a rel="nofollow" href="https://x.com/GracyBitget/status/2103235655879074084?ref_src=twsrc%5Etfw">September 24, 2026</a></p></blockquote>
<p><template data-nitro-marker-id="83b926d767a9ed3e82c910cc56deb9c5-1"/><template data-nitro-marker-id="b5f5b6f5e0c606960f99a654a6a9b0f2-1"/> </div>
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<p class="wp-block-paragraph">Victoria, Seychelles-based Bitget is the sixth biggest exchange, processing over $1.1 billion in trading volume per day, according to CoinGecko data. </p>
<p class="wp-block-paragraph">The incident comes as crypto security is in the limelight after a string of breaches this year have the community reeling. Just in July, hackers targeted a firmware bug in the popular bitcoin hardware wallet, Coldcard, to <a rel="nofollow" href="https://bitcoinmagazine.com/news/coldcard-security-risk-immediate-action-required">steal</a> nearly $120 million in user funds. </p>
<p class="wp-block-paragraph">And this month, purported white-hat hackers <a rel="nofollow" href="https://bitcoinmagazine.com/news/liquid-gets-3400-btc-back-after-on-chain-talks-white-hats-keep-598-5-btc">withdrew</a> about 4,000 bitcoins — worth about $320 million at the time — from Blockstream’s Liquid sidechain’s federation wallet.</p>
<p class="wp-block-paragraph">Chen added that the exchange’s cold wallets remained fully secure and that user funds were safe. </p>
<p class="wp-block-paragraph">She wrote: “Bitget operates a three-tier wallet architecture — the breach contained only a portion of the hot wallet and warm wallet layers.”</p>
<p class="wp-block-paragraph">According to the statement, deposits and trading remain fully operational but withdrawals are temporarily paused until a security review is complete. </p>
<p class="wp-block-paragraph">Blockchain data firm Arkham Intelligence <a rel="nofollow" href="https://arkm.com/explorer/entity/f22a00ea-0a01-41d4-af5d-9e565bb12f37" target="_blank" rel="noopener">created</a> a dashboard soon after the unauthorized transfers showing that a number of different cryptocurrencies — including stablecoins — had been moved from the Bitget hot wallet. </p>
<p class="wp-block-paragraph">While Bitcoin was not on Arkham’s list, crypto security firm Hacken later <a rel="nofollow" href="https://x.com/hackenclub/status/2103216092583964978">said</a> on X that the largest cryptocurrency had been moved. </p>
</p></div>
<p><br />
<br />Read More: <a href="https://bitcoinmagazine.com/news/bitget-suffers-352-million-hack">Nearly $352M Moved From Crypto Exchange Bitget Wallets In Suspected Hack</a></p>
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		<title>Google&#8217;s Gemini becomes latest AI model to break out and hack computer</title>
		<link>https://financenews.one/2026/09/18/googles-gemini-becomes-latest-ai-model-to-break-out-and-hack-computer/</link>
		
		<dc:creator><![CDATA[Finance News]]></dc:creator>
		<pubDate>Sat, 19 Sep 2026 02:50:14 +0000</pubDate>
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		<guid isPermaLink="false">https://financenews.one/2026/09/18/googles-gemini-becomes-latest-ai-model-to-break-out-and-hack-computer/</guid>

					<description><![CDATA[<div style="margin-bottom:20px;"><img width="1920" height="1080" src="https://financenews.one/wp-content/uploads/2026/09/108338205-1784672318255-gettyimages-2286486173-ALPHABET_EARNS.jpeg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" loading="lazy" srcset="https://financenews.one/wp-content/uploads/2026/09/108338205-1784672318255-gettyimages-2286486173-ALPHABET_EARNS.jpeg 1920w, https://financenews.one/wp-content/uploads/2026/09/108338205-1784672318255-gettyimages-2286486173-ALPHABET_EARNS-300x169.jpeg 300w, https://financenews.one/wp-content/uploads/2026/09/108338205-1784672318255-gettyimages-2286486173-ALPHABET_EARNS-1024x576.jpeg 1024w, https://financenews.one/wp-content/uploads/2026/09/108338205-1784672318255-gettyimages-2286486173-ALPHABET_EARNS-768x432.jpeg 768w, https://financenews.one/wp-content/uploads/2026/09/108338205-1784672318255-gettyimages-2286486173-ALPHABET_EARNS-1536x864.jpeg 1536w" sizes="auto, (max-width: 1920px) 100vw, 1920px" /></div>Google said on Friday that its Gemini model had hacked three other companies, the first time the search giant has disclosed that one of its models autonomously gained access to third-party computer systems without permission. In May, the Gemini model accessed three separate private computer systems by guessing passwords and by twice using a repository [&#8230;]]]></description>
										<content:encoded><![CDATA[<div style="margin-bottom:20px;"><img width="1920" height="1080" src="https://financenews.one/wp-content/uploads/2026/09/108338205-1784672318255-gettyimages-2286486173-ALPHABET_EARNS.jpeg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" loading="lazy" srcset="https://financenews.one/wp-content/uploads/2026/09/108338205-1784672318255-gettyimages-2286486173-ALPHABET_EARNS.jpeg 1920w, https://financenews.one/wp-content/uploads/2026/09/108338205-1784672318255-gettyimages-2286486173-ALPHABET_EARNS-300x169.jpeg 300w, https://financenews.one/wp-content/uploads/2026/09/108338205-1784672318255-gettyimages-2286486173-ALPHABET_EARNS-1024x576.jpeg 1024w, https://financenews.one/wp-content/uploads/2026/09/108338205-1784672318255-gettyimages-2286486173-ALPHABET_EARNS-768x432.jpeg 768w, https://financenews.one/wp-content/uploads/2026/09/108338205-1784672318255-gettyimages-2286486173-ALPHABET_EARNS-1536x864.jpeg 1536w" sizes="auto, (max-width: 1920px) 100vw, 1920px" /></div><p> <br />
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<p><span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="RegularArticle-QuoteInBody-1"><a rel="nofollow" href="https://www.cnbc.com/quotes/GOOGL/">Google</a><span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><button class="AddToWatchlistButton-watchlistButton" aria-label="Add To Watchlist" data-testid="dropdown-btn"><span class="AddToWatchlistButton-addWatchListFromTag"/></button></span></span></span> said on Friday that its Gemini model had hacked three other companies, the first time the search giant has disclosed that one of its models autonomously gained access to third-party computer systems without permission.</p>
<p>In May, the Gemini model accessed three separate private computer systems by guessing passwords and by twice using a repository of publicly listed passwords, Google said. </p>
<p>The incident happened as part of a &#8220;capture-the-flag&#8221; security test run by Israeli startup Irregular, and Google&#8217;s agents were never supposed to access the broader internet, but a bug in the testing environment made internet access available. </p>
<p>The agents stopped their intrusion when they determined they had accessed real company systems, not just part of the testing environment, Google said. </p>
<p>&#8220;In a standard evaluation, the model found public information online and guessed credentials to access websites it thought were part of the test,&#8221; Heather Adkins, vice president of security engineering at Google, said in a statement. &#8220;In all three of these instances, the model stopped.&#8221;</p>
<p>The disclosure comes as scrutiny over misbehaving artificial intelligence intensifies in Washington and Silicon Valley. </p>
<p>OpenAI, Anthropic and <span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="RegularArticle-QuoteInBody-2"><a rel="nofollow" href="https://www.cnbc.com/quotes/META/">Meta</a><span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><button class="AddToWatchlistButton-watchlistButton" aria-label="Add To Watchlist" data-testid="dropdown-btn"><span class="AddToWatchlistButton-addWatchListFromTag"/></button></span></span></span> have <a rel="nofollow" href="https://www.cnbc.com/2026/09/16/openai-6-new-instances-of-concerning-model-behavior-since-march.html">in recent weeks</a> <a rel="nofollow" href="https://www.npr.org/2026/08/08/nx-s1-5924878/meta-ai-breaches-external-firm-during-security-testing-sandbox-error" target="_blank">reported</a> <a rel="nofollow" href="https://www.anthropic.com/research/alignment-assessment-cybersecurity-incidents" target="_blank">incidents</a> where their AI models had broken out of their testing environments and attempted to hack other companies to gain unauthorized access to computer systems.</p>
<p>The disclosures of so-called &#8220;misaligned&#8221; AI models prompted Anthropic CEO Dario Amodei to call for the  industry to <a rel="nofollow" href="https://darioamodei.com/post/we-must-pace-the-frontier" target="_blank">collectively</a> slow down the development of the most advanced AI models until companies can ensure they are safe. </p>
<p>All of the above incidents involved Israeli startup Irregular. The company, which is backed by Sequoia and Redpoint Ventures, was valued <a rel="nofollow" href="https://techcrunch.com/2025/09/17/irregular-raises-80-million-to-secure-frontier-ai-models/" target="_blank">last year</a> at $450 million. Its tools help foundation model developers perform cybersecurity tests on their cutting-edge technologies.</p>
<p>An Irregular spokesperson told CNBC that the Google incident was related to the same issue that allowed the other models to access the internet. </p>
<p>&#8220;This is the same issue that was already reported and does not represent a materially separate incident,&#8221; an Irregular spokesperson said in a statement. &#8220;All relevant labs were notified in late July, and affected entities were contacted as part of the investigation.&#8221;</p>
<p>Google said the incident happened in May and it was notified by Irregular in late July. Google has worked with Irregular to change its testing process. </p>
<p>A Google spokesperson declined to identify the exact Gemini model involved.</p>
<p>&#8220;These events highlight the importance of training powerful AI models to act responsibly,&#8221; Google&#8217;s Adkins said in a statement. </p>
<p>The Wall Street Journal first <a rel="nofollow" href="https://www.wsj.com/tech/ai/gemini-hacked-three-companies-in-first-known-breakout-by-googles-ai-5c0baba2?mod=hp_lead_pos5" target="_blank">reported</a> the security incident. </p>
<p><em>CNBC&#8217;s Jonathan Vanian contributed reporting.</em> </p>
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<br />Read More: <a href="https://www.cnbc.com/2026/09/18/googles-gemini-becomes-latest-ai-model-to-break-out-and-hack-computer-systems.html">Google&#8217;s Gemini becomes latest AI model to break out and hack computer</a></p>
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		<title>Losses Top $115M In Coldcard Bitcoin Hack: Galaxy Research</title>
		<link>https://financenews.one/2026/08/17/losses-top-115m-in-coldcard-bitcoin-hack-galaxy-research/</link>
		
		<dc:creator><![CDATA[Finance News]]></dc:creator>
		<pubDate>Tue, 18 Aug 2026 01:13:06 +0000</pubDate>
				<category><![CDATA[Crypto]]></category>
		<category><![CDATA[115M]]></category>
		<category><![CDATA[Bitcoin]]></category>
		<category><![CDATA[Coldcard]]></category>
		<category><![CDATA[Galaxy]]></category>
		<category><![CDATA[Hack]]></category>
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		<guid isPermaLink="false">https://financenews.one/2026/08/17/losses-top-115m-in-coldcard-bitcoin-hack-galaxy-research/</guid>

					<description><![CDATA[<div style="margin-bottom:20px;"><img width="1920" height="1080" src="https://financenews.one/wp-content/uploads/2026/08/Losses-Top-115M-In-Coldcard-Bitcoin-Hack-Galaxy-Research.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" loading="lazy" srcset="https://financenews.one/wp-content/uploads/2026/08/Losses-Top-115M-In-Coldcard-Bitcoin-Hack-Galaxy-Research.jpg 1920w, https://financenews.one/wp-content/uploads/2026/08/Losses-Top-115M-In-Coldcard-Bitcoin-Hack-Galaxy-Research-300x169.jpg 300w, https://financenews.one/wp-content/uploads/2026/08/Losses-Top-115M-In-Coldcard-Bitcoin-Hack-Galaxy-Research-1024x576.jpg 1024w, https://financenews.one/wp-content/uploads/2026/08/Losses-Top-115M-In-Coldcard-Bitcoin-Hack-Galaxy-Research-768x432.jpg 768w, https://financenews.one/wp-content/uploads/2026/08/Losses-Top-115M-In-Coldcard-Bitcoin-Hack-Galaxy-Research-1536x864.jpg 1536w" sizes="auto, (max-width: 1920px) 100vw, 1920px" /></div>New data from Galaxy Research shows that $115 million in bitcoin has been lost in the Coldcard theft.  Writing on X Sunday, Galaxy Research said that it had spoken with over 200 victims to support them and gather intelligence on the attackers.  The figures are based on the price of bitcoin at the time of [&#8230;]]]></description>
										<content:encoded><![CDATA[<div style="margin-bottom:20px;"><img width="1920" height="1080" src="https://financenews.one/wp-content/uploads/2026/08/Losses-Top-115M-In-Coldcard-Bitcoin-Hack-Galaxy-Research.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" loading="lazy" srcset="https://financenews.one/wp-content/uploads/2026/08/Losses-Top-115M-In-Coldcard-Bitcoin-Hack-Galaxy-Research.jpg 1920w, https://financenews.one/wp-content/uploads/2026/08/Losses-Top-115M-In-Coldcard-Bitcoin-Hack-Galaxy-Research-300x169.jpg 300w, https://financenews.one/wp-content/uploads/2026/08/Losses-Top-115M-In-Coldcard-Bitcoin-Hack-Galaxy-Research-1024x576.jpg 1024w, https://financenews.one/wp-content/uploads/2026/08/Losses-Top-115M-In-Coldcard-Bitcoin-Hack-Galaxy-Research-768x432.jpg 768w, https://financenews.one/wp-content/uploads/2026/08/Losses-Top-115M-In-Coldcard-Bitcoin-Hack-Galaxy-Research-1536x864.jpg 1536w" sizes="auto, (max-width: 1920px) 100vw, 1920px" /></div><p> <br />
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<p class="wp-block-paragraph nitro-lazy">New data from Galaxy Research shows that $115 million in bitcoin has been lost in the Coldcard theft. </p>
<p class="wp-block-paragraph">Writing on X Sunday, Galaxy Research <a rel="nofollow" href="https://x.com/glxyresearch/status/2089002238391832948">said</a> that it had spoken with over 200 victims to support them and gather intelligence on the attackers. </p>
<p class="wp-block-paragraph">The figures are based on the price of bitcoin at the time of the attack. </p>
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<p lang="en" dir="ltr">Coldcard losses have exceeded $115M (based on the price when coins were stolen)</p>
<p>Galaxy Research has spoken with 200+ victims to support them and gather intelligence on the attackers</p>
<p>This thread contains additional charts and info <img src="https://s.w.org/images/core/emoji/17.0.2/72x72/1f447.png" alt="👇" class="wp-smiley" style="height: 1em; max-height: 1em;" /> <a rel="nofollow" href="https://t.co/H2K141mugF">pic.twitter.com/H2K141mugF</a></p>
<p>— Galaxy Research (@glxyresearch) <a rel="nofollow" href="https://x.com/glxyresearch/status/2089002238391832948?ref_src=twsrc%5Etfw">August 16, 2026</a></p></blockquote>
<p><template data-nitro-marker-id="83b926d767a9ed3e82c910cc56deb9c5-1"/><template data-nitro-marker-id="b5f5b6f5e0c606960f99a654a6a9b0f2-1"/> </div>
</figure>
<p class="wp-block-paragraph">Hackers <a rel="nofollow" href="https://bitcoinmagazine.com/news/coldcard-security-risk-immediate-action-required">started taking</a> bitcoin stored using Coinkite’s popular Coldcard hardware wallet on July 31. </p>
<p class="wp-block-paragraph">Canadian company Coinkite said that a firmware bug in Coldcard Mk3 devices — starting with version 4.0.1 in March 2021 — caused seed generation to fall back to a weak software Pseudorandom Number Generator instead of the hardware true random number generator, allowing hackers to essentially guess investor seedphrases. </p>
<p class="wp-block-paragraph">The number has slowly risen as the criminals have targeted more recent devices while Coinkite and other Bitcoiners have urged Coldcard users to immediately move their funds. </p>
<p class="wp-block-paragraph">Galaxy Research last week said that it estimates at least 15 separate attackers were exploiting the bug independently. </p>
<p class="wp-block-paragraph">Previous research from Galaxy found that the typical stolen coin had sat untouched for 3.5 years, and a striking 88% of pilfered funds were at least a year old. </p>
<p class="wp-block-paragraph">The firm is still confirming how much is stolen, and has said that total losses could exceed $130 million. </p>
<p class="wp-block-paragraph">Since the attack, cautious investors have been moving their coins to other storage solutions — including exchanges.</p>
<p class="wp-block-paragraph">Coinkite said in a statement this week that the bug in its software “silently went unnoticed” and “its potential impact grew with every release” of its products. </p>
<p class="wp-block-paragraph">Days after the first hack, the company urged investors to update their software or move their funds off the popular hardware wallet. </p>
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<br />Read More: <a href="https://bitcoinmagazine.com/news/losses-top-115-million-in-coldcard-hack">Losses Top $115M In Coldcard Bitcoin Hack: Galaxy Research</a></p>
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