Hackers steal cryptocurrency worth $400,000 by hijacking BlackWallet

Breaking lots of securities worldwide now the hackers have decide to mark their presence on the top of the chart as they have hijacked the DNS server for BlackWallet.

The massive attack reportedly took place on Saturday after hackers managed to hijack its DNS server, change the settings and redirect it towards their own third-party server.

"BlackWallet was compromised today after someone accessed my hosting provider account," the creator of BlackWallet said in a statement on Reddit. "He then changed the DNS settings to those of its fraudulent website (which was a copy of BlackWallet).

Bleeping Computer reports that the hackers have stolen about 669,920 Lumens, amounting to about $438,546 (£319,103), according to the current rate. The attackers have moved the stolen funds to cryptocurrency Bittrex and will likely convert it to another digital currency to evade detection.

BlackWallet administrators have also been trying to contact Bittrex to block the hackers' account.

This isn't the first time hackers have targeted crypto-related businesses and exchanges due to increased interest and steadily rising value of digital currencies.

Late last year, cryptocurrency EtherDelta was targeted by hackers who swiped over $200,000 worth of Ethereum. In early December, cryptocurrency mining marketplace NiceHash said its payment system was compromised and its entire virtual Bitcoin wallet was drained by hackers.

Bithumb, Veritaseum, CoinDash, Enigma and Tether also suffered breaches last year as well.

The big happening shows that the security is not able enough to save the public money from thieves and also the carelessness of the big firms who assure the security of the valuable money.