The leading cryptocurrency exchange Binance has assisted Ukrainian authorities to arrest a cybercrime organization that allegedly stole and laundered $42 million from various ransomware attacks across the world. Binance And Ukraine Partner To Stop A Cyber Gang Last year, the exchange launched a new initiative, dubbed Bulletproof Exchanger aiming to identify and track hubs of...Read More
Last week in the DEFCONConference, CTO of blockchain software development firm, Pyrofex, Michael Stay, recounted how he helped recover private keys for Bitcoins worth more than $300,000. The keys were locked away in a zip file, and Stay was entrusted with the job to break in and retrieve them. $100,000 For Recovering $300,000 Worth of...Read More
Ethereum Classic has been in the wars again with a second 51% attack within a week. This incursion has brought the security of the network under the spotlight again, though ETC prices remain largely unmoved at the time of writing. Earlier today, August 6, Etherchain.org tweeted that its Ethermine affiliated mining pool had disabled ETC...Read More
The latest twist regarding the notorious Twitter hack from July indicated that the 17-year old alleged mastermind of the entire operation owns over $3 million worth of Bitcoin. Graham Ivan Clark faces 30 criminal charges, and his bail was set at $725,000. Twitter Hacker Owns $3.3M Worth Of BTC As CryptoPotato reported in mid-July, unknown...Read More
After the infamous Twitter hack in mid-July, the social media giant has published a new update on its investigation, informing that the perpetrators successfully targeted a small number of employees through a phone spear-phishing attack. Phishing Attack Caused The Twitter Hack Following the blatant attack on its network, Twitter has been quite transparent in its...Read More
Bitcoin scams by impersonations are emerging globally, and the latest example coming from the Philippines has pushed the nation’s Finance Secretary to sought the help of the US Department of Justice (DOJ). He claimed his name was used to promote a series of ongoing cryptocurrency scams. The Philippines’ Finance Secretary Involved In a BTC Scam...Read More
Leading cryptocurrency hardware wallet provider, Ledger, announced Wednesday that it suffered a data breach, which affected the personal information of thousands of users in late June. According to a detailed report published by Ledger today, the breach occurred on June 25. The attacker accessed a part of the company’s e-commerce and marketing database, containing mostly...Read More
A recent report revealed that while 70% of organizations based in Mexico utilize cloud services, their networks are alarmingly exposed to external threats. Local companies have particularly complained that the number of cryptojacking cases has increased in the past year. Cryptojacking Rises In Mexico The so-called cryptojacking term relates to cases when an attacker gains...Read More
Crypto security expert Harry Denley has done it again. The antiphishing professional, in association with Binance, helped a victim get back $10,000 worth of lost cryptocurrency. Previously ‘Helping Harry’ had recovered $4000 worth of stolen crypto funds for a user. Fake MetaMask and Uniswap UI Used for Stealing Crypto In his latest blog article, Harry...Read More
Several cryptocurrency proponents on Twitter have reported that the largest telecommunications company in Argentina called Telecom has become a victim of a ransomware attack. Despite being unknown so far, the perpetrators have demanded a $7.5 million ransom to be paid with the privacy coin – Monero (XMR). Telecom Hacked For Monero? Founded in 1990, Telecom...Read More
Wednesday, July 15th, 2020, will forever be remembered as the day Twiter became a puppet in the hands of a mischievous hacker. Twitter was hacked. And the accounts of some of the most prominent people in crypto and the world were compromised and used to steal Bitcoin in giveaway scams. Experts Share Their Opinions Although...Read More
It’s not often the tech, crypto, political, and celebrity worlds converge, but that’s exactly what happened on July 15 after a bitcoin giveaway scam replicated across dozens of major Twitter accounts. From billionaires to entrepreneurs, and from crypto traders to exchanges, high-profile accounts of all kinds were targeted in an audacious hack that’s left Twitter...Read More
The news broke yesterday on the Twitter scam that targeted some of the biggest accounts in the cryptocurrency industry. It turns out that the crypto field was not the target, but Bitcoin was the preferred means of payment for the hackers. As CryptoPotato reported, multiple accounts were hacked with a message promising that if users sent...Read More
The Bitcoin Gold network reportedly underwent a ‘long-chain attack,’ also known as a 51 percent attack. But the development team claims that it promptly fended off the hostile takeover. The team also supplied mining pools and crypto exchanges with the latest version of BTG Core. Bitcoin Gold Dev Team Thwarts Network Takeover Attempt On Friday,...Read More
Kraken Security Labs found some vulnerabilities in the hardware wallet Ledger Nano X. The wallet is regarded by many as one of the most secure storage devices. Attackers Can Tamper Wallet Devices to Steal Crypto Funds On Wednesday, Kraken Security Labs – the exchange’s team that checks the security of crypto products – announced that...Read More
The US Federal Bureau of Investigations (FBI) said that the $15.3 million that a Nigerian scammer stole from two Chicago-based firms might not be recovered because the funds were converted to Bitcoin. Alleged Nigerian Scammer Arrested, But He Apparently Doesn’t Reveal Bitcoin Keys Nigerian media reported that Olalekan Jacob Ponle, nicknamed Woodberry, organized large-scale business...Read More
Ravencoin is the latest altcoin project to suffer an inflation bug, after discovering an attack that saw rogue actors mint 315 million counterfeit RVN tokens. Ravencoin Suffers Inflation Bug The Ravecoin network announced the news of the attack via a Medium blog post on Thursday (July 2, 2020). According to the post, the CryptoScope team...Read More
The Decentralized Finance (DeFi) ecosystem has once again come under attack as a decentralized automated market maker exchange suffered losses close to half a million dollars yesterday. Balancer Lost $500k In Pool Vulnerability DeFi project Balancer has lost about $500,000 worth of multiple tokens to a hacker due to a vulnerability in two of Balancer’s...Read More
An unknown cybercriminal group from Eastern Europe has stolen nearly $200 million from cryptocurrency exchanges based primarily in the US, Japan, and Israel, a report revealed. Eastern European Hackers Group Steals $200M According to the report citing the research compiled by the cybersecurity firm ClearSky, the unknown group – referred to as “CryptoCore” – has...Read More
A recent report warned that most malicious Google Chrome extensions have come from a single Internet domain registrar – CommuniGal Communications (GalComm) and have been downloaded nearly 33 million times. Such malicious extensions have proven to be alarmingly dangerous to cryptocurrency investors as popular proponent recently lost all of his Bitcoin savings. Suspicious Google Extensions...Read More
The host of the Protocol Podcast, Eric Savics, became a Twitter sensation overnight as he posted a video explaining how he lost his 12 BTC. Supposedly, these were his savings that he hoped he’d be able to buy an apartment with and he’s been putting the money aside for the past seven years. Now, however,...Read More
A recent report warns of a scam that clones a legitimate service offering private, encrypted, and self-destructive messages, to alter BTC addresses and ultimately steal funds from unsuspecting victims. Stealing BTC By Altering Addresses According to the report by KrebsonSecurity, a fraudulent website called Privnotes has been impersonating Privnote.com for about a year. Users are...Read More
Popular American economist Nouriel Roubini took it to Twitter to once again bash Bitcoin. This time, his criticism was set off by a phishing scam that saw a podcast owner lose his BTC savings. Nouriel Roubini Bashes Bitcoin… Again According to the popular American economist and well-known nocoiner Nouriel Roubini, also commonly referred to as...Read More
A recent cryptocurrency scam running live on YouTube managed to dupe nearly $150,000 in Bitcoin from victims. Interestingly, the scam impersonated Elon Musk’s SpaceX channel and broadcasted recorded videos of the recent successful launch of two astronauts to the International Space Station. SpaceX And BTC Giveaway Scam Fraudsters are frequently attempting to dupe victims with...Read More
ConsenSys, the blockchain software company headed by Etherem’s co-founder Joseph Lubin, plans to launch a compliance service focused on decentralized finance projects (DeFi) and cryptocurrency exchanges to analyze and track transactions utilizing the Ethereum network. ConsenSys To Launch A New Service According to a recent Bloomberg report, the new service coming from ConsenSys will primarily...Read More
Cryptocurrency intelligence company tracking crimes involving digital assets – CipherTrace – said in its latest report that crypto thefts, hacks, and frauds totaled $1.4 billion in the first five months of 2020. Cryptocurrency exchanges are becoming more aware of illegal funds coming from crimes and are implementing successful countermeasures, the firm added. $1.4B Worth Of...Read More
Trezor, the company offering hardware cryptocurrency wallets, announced a firmware update 1.9.1 for Trezor One and 2.3.1 for Trezor Model T devices. The introduction of the upgrades will fix a security vulnerability regarding SegWit transactions discovered three months ago. The Vulnerability In Question As today’s blog post from the company explains, Trezor requires the previous...Read More
A European civil society organization promoting digital rights has issued warnings regarding new cryptocurrency-related scams. By impersonating reputable websites and running fake advertisements on Facebook, the scammers are duping victims to provide personal data and to invest in unexisting digital asset projects. Fake Cryptocurrency Investment Opportunities The North Macedonia-based Metamorphosis Foundation – a member of...Read More
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
