With crypto markets primarily driven by technical analysis and the abundance of charting software available, the order book can easily be overlooked as a powerful tool for gauging the probabilities of market direction. Reading buy and sell demand on the book is called ‘order flow’ which can help day traders scalping the market to improve on entries, and, in a market notorious for fake volumes, it can help all types of traders identify spoof orders.
On January 13, an unknown hacker(s) hijacked the DNS server for , a web-based wallet for the Stellar Lumens cryptocurrency, and redirected it to their own server.
Security researcher Kevin Beaumont, who analyzed the code, , “The DNS hijack of Blackwallet injected code, if you had over 20 Lumens it pushes them to a different wallet.” It is estimated that nearly 700,000 Lumens (XLM) were stolen, with a current value of over $400,000.
Warnings and alerts not to log into the BlackWallet site have been sent out by the BlackWallet team and other XLM users via , , , and . Unfortunately, users continued to log in for some time, and thus, saw their funds vanish from their wallets.
Following the of the attacker, it is possible to track the movement of funds from BlackWallet to the Bittrex exchange, where they are likely to convert the funds and cover their tracks. BlackWallet has since messaged in an effort to coordinate with the exchange to block the hacker’s account.
In a on Reddit, the BlackWallet admin is suggesting that people move their funds to a new wallet using the Stellar account viewer. At the time of this writing, the BlackWallet is returning a 404 error. bitcoin Magazine will update this story as it evolves.
