dForce, a Chinese decentralized finance (DeFi) protocol that is backed by Multicoin Capital, has reportedly been exploited. According to a popular DeFi monitoring resource, the total value locked (in USD) in dForce, was reduced from around $25 million to almost nothing in a matter of hours. DeFi Lending Protocol Exploited A well-known DeFi protocol, dForce...Read More
By Thomas Hauer, Jr.Cryptocurrency giveaway scams have been a problem for those involved in the crypto-community since the last major bull run in late 2017. Whether you’re a seasoned investor or just beginning to get your feet wet in the crypto-space, we encourage all of our customers to educate themselves on current cryptocurrency related scams...Read More
While Bitcoin has been defined as a non-security by the Securities and Exchange Commission (SEC), the regulatory status of XRP, the third-largest cryptocurrency, is still up in the air. The cryptocurrency being found as a security could, as fintech upstart Ripple put it, “upend and threaten to destroy the established XRP market more broadly.” Despite...Read More
In what could turn out to be one of the most serious SIM-card hacks in history, someone has reportedly stolen $45 million worth of Bitcoin and Bitcoin Cash from a single whale investor. Hacker Gets Away With Reported $45 Million According to a Reddit post from February 22nd, which is now deleted, an investor, who...Read More
Using centralized cryptocurrency trading platforms and custodians comes with a certain amount of risk as investors rely on the expertise of the exchange’s management team. Over the past eleven years since the creation of Bitcoin, there have been many reports of crypto exchanges that have either gone bankrupt or pulled an exit scam, leaving traders...Read More
The space of Decentralized Finance (DeFi) took a serious hit in the past week as decentralized lending protocol went through two subsequent attacks. The compromised funds amount to a little less than $1 million. The First Attack On bZx – February 14th The first attack happened on block 9484588, timestamped February 15th, according to the...Read More
As IOTA continues to investigate and examine the flaws in its native desktop wallet, which led to multiple thefts of users’ funds, the Foundation behind the project said today that they had released a “safe version” of the Trinity Wallet. Trinity Mobile Wallet Not Safe For Now While the attack only affected the Trinity Desktop...Read More
The Saudi Crown Prince allegedly hacked Amazon CEO Jeff Bezos’ iPhone in May 2018. Two U.N. investors brought the news to light this week. It rocked the entire global community. Prince Mohammad bin Salman may have been able to compromise Bezos’ smartphone WhatsApp text. That something so innocuous as a text could be a cyber...Read More
New information indicates that Bitcoin Gold experienced a 51% attack last week. A total amount of over $70,000 was double-spent, which raises questions regarding its security since this is the second similar attack on the network. 51% Attack On Bitcoin Gold A 51% attack occurs when a single organization or entity takes control of the...Read More
The popular blockchain analytics company, ChainAnalysis, recently posted a review of how 2019 related to previous years in terms of cryptocurrency exchange hacks. The data reveals an increased number of attacks, but less stolen money compared to 2018. More Cryptocurrency Hacks In 2019 The report informs that hackers attempted the most amount of attacks against...Read More
The popular economist and well-known nocoiner, Peter Schiff, has said that he’s lost all of his bitcoins because of a forgotten software. He took his rant to Twitter, outlining that the lost bitcoin has no market value, on top of having no intrinsic value as well. Peter Schiff Loses His Bitcoins Peter Schiff is a...Read More
Leading US cryptocurrency exchange and custodian, Gemini Trust Company, has taken a strategic step to provide robust coverage for the cryptocurrencies in its custody. Gemini Takes An Extra Step Owned by the Winklevoss twins, Cameron and Tyler, the exchange announced Thursday that it had launched its captive insurance firm, Nakamoto Ltd., to secure Gemini Custody,...Read More
New Year’s Eve attack nearly wreaks havoc. Ethereum experienced an attack this week that threatened to cause significant downtime. Beginning on Dec. 30, an attacker sent invalid blocks to the network, causing node operators using the Parity client to lose sync with the network. Sergio Demian Lerner, a cryptocurrency security consultant, explained on Twitter: The...Read More
Cryptocurrencies have become valuable over the last few years and hardware wallets are now a mainstay within the cryptosphere. More recently, steel-crafted wallets that store crypto keys on a hard piece of metal have become increasingly popular. The following is a look at the wide variety of so-called ‘doomsday’ digital currency wallets fabricated from metal...Read More
Blackmailing any corporations can result in significant jail sentences. When that corporation is Apple, chances of being detained are a lot higher than one might think. One hacker from London tried to blackmail the technology for $100,000 worth of gift cards. The Fake Apple Hack That Never Happened This incident dates back to 2017, when...Read More
NULS Blockchain platform has become the latest victim on the success list of crypto hackers after a security breach leading to the theft of about $480,000 worth of NULS token. According to an official announcement about the situation on Twitter, NULS said that the hackers compromised the account of the NULS team, and a total...Read More
China is known to sponsor several hacking collectives. APT20 a very active community of criminals, wasn’t officially linked to any country, until now. New research by Fox-IT seems to indicate APT20 is working on behalf of the Chinese government. APT20 may be a Government Initiative More specifically, the security agency looked at victims across different...Read More
NiceHash, a marketplace for renting mining hashpower, has announced that it is suspending its plans to repay customers who lost their funds during a December 2017 hack. That attack caused the company to lose over 4700 Bitcoin, worth $80 million at the time. To date, the company has repaid 82% of that BTC to its...Read More
New findings by research firm Kaspersky paint a worrisome outlook. Dozens of municipal institutions have dealt with ransomware attacks throughout 2019. The rise of malware and ransomware attacks has been well documented in recent years. The Ransomware Industry Keeps Growing One would expect institutions and corporations to smarten up after so many years. That is...Read More
Another case of SIM swapping has reportedly been recorded in the U.S., as a 23-year-old has attempted to steal cryptocurrencies. This type of fraud appears to be growing as a significant issue worldwide, especially within the community with many previous similar cases. SIM Swapping To Steal Cryptocurrencies A young man from Pennsylvania has been implicated...Read More
Talk of bitcoin passwords being encoded and stored in synthetic DNA is not new, but in a recent development scientists have announced that DNA-encoded information can now be stored in everyday objects such as eye glasses or a shirt button, instead of a vial or test tube. Also Read: Cryptosteel Capsule Will Keep Your Wallet...Read More
Cyber attacks have become very common over the past few years. It would appear hackers are primarily targeting entire nations, rather than individual targets. One country dealing with plenty of cyber attacks is Iran. Iran Thwarts two Cyber Attacks So much even that at least two such attacks took place in the past week alone....Read More
Having a password on our devices to keep our data away from prying eyes has been a part of personal tech for a very long time. But the age of passwords and pins is shifting to biometric security – that is tech that can recognize your face, voice, DNA, fingerprint, and other physical features that...Read More
Facebook tends to make a lot of headlines for the wrong reasons. This time is no different, as a data theft event affects roughly 29,000 employees’ data. It would appear that the social media giant has a data breach on its hand with quite a big impact. Another PR Nightmare for Facebook The personal financial...Read More
Ransomware remains one of the biggest threats to internet users today. The city of Pensacola in Florida is currently dealing with the Maze malware strain. There has not been a shortage of malware and ransomware strains in recent years. Pensacola Deals With a Ransomware Attack Judging by how successful these attacks still are in 2019,...Read More
The private details of 15 million bank debit cards in Iran have been published on Telegram in the largest banking security incident in the country’s history. Iranian authorities so far try to blame the breach on common criminals but cyber security experts suspect it was the work of intelligence agencies from the U.S. or Israel....Read More
Many Initial Coin Offerings (ICOs) have been and are frauds. The state enables this con game in various ways, including the establishment of accredited investors and the regulation of businesses that sell equity. Shut off from the most lucrative aspects of investment, average people rush into the few sources of profit still available to them....Read More
Most technology-related news coming out of Russia will not be positive. New research confirms access to Moscow’s surveillance system can be purchased for very little money. The things one can buy on online forums and messenger groups are absolutely astonishing, but not in a positive manner. Making Extra Money in Russia It turns out anyone...Read More
Many cryptocurrency enthusiasts dislike the process of sharing identity documents with exchanges and other service providers PayTrie is experimenting with a different KYC solution, known as Express Verification. Sharing sensitive identity verification documents with third parties carries significant risks. Simplifying KYC Verification More often than not, a data breach of a third party handling this...Read More
Elliptic, a British company providing crypto-asset risk management solutions, announced today a successful raise of $23M in a Series B funding round, led by Tokyo-based SBI Holdings. AlbionVC and existing investors such as SignalFire, Octopus Ventures and Santander Innoventures have also contributed to the round. Tomoyuki Nii from SBI Holdings will be joining the Board...Read More
