Crypto Security

CEO of Crypto Market Maker Wintermute on $160 Million Hack of Their DeFi Operations

On Tuesday (September 20), Evgeny Gaevoy, Founder and CEO of crypto market maker Wintermute, announced that their DeFi operations had been “hacked for about $160M.” The Wintermute CEO took to Twitter a short time ago to say that centralized finance and over-the-counter (OTC) operations “are not affected” and that they are “solvent with twice over […]

Morgan Creek Capital CEO Predicts Massive Flood of New Crypto Users

Mark Yusko, the Founder, CEO and Chief Investment Officer of Morgan Creek Capital Management, says that more modern and user-friendly crypto wallets will lead to a massive surge in adoption.  Yusko, who is also the Managing Partner of Morgan Creek Digital, said during a conversation with Scott Melker that the crypto industry needed to work […]

ZB, Which Itself ‘World’s Most Secure Digital Asset Exchange’, Seemingly Hacked

On Wednesday (August 3), blockchain security firm PeckShield reported that around $4.8 million has been transferred out of crypto exchange ZB. On its website and in its Twitter bio, ZB calls itself the world’s most secure crypto exchange, as you can see from the screenshot below (taken at 6:27 p.m. UTC on August 3): Here […]

There Is Now ‘A Safer and Easier Way of Signing Into Coinbase’

On Tuesday (July 26), Coinbase introduced “Security Prompt”, which it described as “a faster and safer way for our users to verify their identity & activities when interacting with the Coinbase ecosystem.” In a blog post published earlier today, Senior Product Manager Siyu Liu and Product Manager Chetan Rane introduced the new feature. They wrote […]

Why Hardware Crypto Wallet Makers Are Seeing a Revenue Bump Despite Bear Market

Manufacturers of crypto hardware wallets have witnessed a bump in sales despite the ongoing bear market.  According to a report by Cointelegraph, hardware wallet makers, such as Ledger, have experienced an increase in revenue over the past few months as more users seek to withdraw their funds from centralized exchanges.  Pascal Gauthier, CEO of Ledger, […]

Cardano: Ledger Live App for Android Now Supports $ADA Accounts

On Tuesday (June 28), French cryptocurrency hardware wallet manufacturer Ledger has finally added support for Cardano ($ADA) to the mobile (Android) version of Ledger Live, the application for managing cryptoassets on Ledger devices. Paris-headquartered Ledger was co-founded in 2014 by Eric Larchevêque, Nicolas Bacca, Joel Pobeda, and Thomas France. It currently makes three crypto hardware wallets: Ledger Nano X, […]

Ledger’s “Deep Dive Into the World of Cardano, and Its Native Coin ADA”

On Thursday (June 16), the day after hardware wallet maker Ledger added support for $ADA to Ledger Live, its software for managing digital assets on Ledger devices, the Paris-headquartered firm took “a deep dive into the world of Cardano, and its native coin ADA.” Support for $ADA on the Ledger Live desktop app means that “you can […]

Cardano: Ledger Starts Letting $ADA Investors Buy, Send and Receive Directly on Ledger Live

French cryptocurrency hardware wallet manufacturer Ledger has finally added support for Cardano ($ADA) and is now letting users buy, send, and receive their tokens directly on Ledger Live, the application for managing cryptoassets on their devices. Paris-headquartered Ledger was co-founded in 2014 by Eric Larchevêque, Nicolas Bacca, Joel Pobeda, and Thomas France. It first announced it was moving to […]

Long Con Crypto Scammers Preying on Those Looking for Love Via Dating Apps

Some crypto scammers are reportedly building online relationships — via dating apps such as Tinder — with their victims so that they can then be parted with their money. According to a report published by The San Francisco Examiner earlier this month, techies in Silicon Valley have been hit hard by crypto fraudsters. The report […]

$BTC: Cyber Security Firm ‘Converts Its Entire Balance Sheet Into Bitcoin’

Octagon Networks, which is “an emerging research and development company focused on tackling advanced threats, threat actors and vulnerabilities”, says that it has “finished the process of converting its liquid assets and entire balance sheet into Bitcoin.” The startup says on its website that it is “a global network of well versed and experianced security […]

Bloomberg: Crypto Firms Are Poaching UK’s Cyber Crime Police Officers

Crypto companies are reportedly targeting current and former police officers (especially those with experience of investing cyber crimes) in the U.K. with lavish salaries in a ramping up of hiring efforts.  According to a report by Bloomberg News, some of the biggest crypto firms — including Coinbase, Chainalysis, and Binance — are actively hiring law […]

Cardano-Powered DEX WingRiders Explains Importance of Direct Hardware Wallet Support

On Friday (May 6), Vacuumlabs, the Slovakian FinTech startup behind Cardano-powered DEX WingRiders, explained why its direct hardware wallet support means that it is able to offer safer trading than most other DEXes on Cardano. What is WingRiders? WingRiders is being developed by Vacuumlabs, which is “a software development company that builds modern full stack fintech […]

A Look at Top 3 Cardano-Powered DEXes and Their Use With a Ledger Hardware Wallet

This article provides an overview of the top three Cardano-powered decentralized exchanges (DEXes) by TVL (based on data from DeFi Llama), i.e. Minswap, WingRiders, and SundaeSwap. Crypto Hardware Manufacturer Ledger Improves Its Support for Cardano On Tuesday (April 26), Cardano founder Charles Hoskinson applauded French crypto hardware wallet manufacturer Ledger’s announcement about version 4.0.0 of […]

Cardano App for Ledger Hardware Wallets Adds Support for Smart Contracts, Ledger Live Support ‘Is in the Works’

On Tuesday (April 26), Cardano founder Charles Hoskinson applauded French crypto hardware wallet manufacturer Ledger’s announcement about version 4.0.0 of the Cardano app for Ledger wallets now being compatible with Cardano-powered smart contracts. Paris-headquartered Ledger was co-founded in 2014 by Eric Larchevêque, Nicolas Bacca, Joel Pobeda, and Thomas France. It currently makes three crypto hardware wallets: […]

Retired Nurse Reportedly Loses $43,100 As the Result of a Phishing Attack

A retired nurse reportedly lost $43,000 from her life savings after being targeted by phishing scammers. According to a report by The New York Post, the retired nurse had the computer at her part-time job hacked via a common phishing scheme. The scammers were able to install malware on the woman’s computer through a fake […]

Crypto Wallet Maker Ledger Partners With Ethereum-Powered Metaverse Sandbox ($SAND)

French crypto hardware wallet maker Ledger is partnering with Ethereum-powered play-to-earn (P2E) game The Sandbox to promote crypto education in the burgeoning metaverse.  According to a report by Cointelegraph, Ian Rogers, Ledger’s chief experience officer, first announced the partnership at the Non-Fungible Conference last Monday (April 4). Rogers said the partnership aimed to bring greater […]

$ADA: Minswap Patches Vulnerability That Allowed Draining All Liquidity in Smart Contract

On Thursday (March 24), Cardano-powered decentralized exchange (DEX) Minswap announced that it had patched the “critical vulnerability that would allow someone to drain all the Liquidity in the Smart Contract.” What is Minswap? According to its white paper, Minswap is “an automated market-maker (AMM) decentralized exchange (DEX) on Cardano which supports multiple pricing functions for a single liquidity […]

Police Rescue Crypto Trader Who Was Kidnapped in Hong Kong

Hong Kong police have arrested several people who were allegedly involved in the recent kidnapping of a cryptocurrency trader. According to a report by U.Today citing a local media report, on November 6, a 39-year-old crypto trader went to went to Kowloon Bay to meet someone who wanted to buy some crypto from him. The […]

14-Year-Old Crypto Trader Kidnapped After Saying He Made ‘A Reasonable Amount of Money’

A fourteen-year-old schoolboy from Bradford, England was kidnapped and held for ransom after mentioning on social media posts that he made “a reasonable amount of money” from trading cryptocurrencies. The schoolboy, who has remained anonymous for legal reasons, was confronted outside a store in May before being assaulted and forced into the back of a […]

Netflix Working on Documentary About Scandal Involving Crypto Exchange QuadrigaCX

Netflix recently announced an upcoming documentary on the story of now-defunct Canadian crypto exchange QuadrigaCX and the suspicious death of its founder, whom some blame for $250 million in customer funds that went missing. According to a press release issued by Netflix on September 23, the video streaming company plans to premiere in 2022 a […]

Cardano Foundation Partners with HackerOne for New Bug Bounty Program

The Cardano Foundation has announced a massive “bug bounty” program for ethical hackers who can find vulnerabilities in the Cardano platform.  In a recent blog post, the Cardano Foundation announced a bug bounty program with hacker-powered security firm HackerOne to look for vulnerabilities in the project’s blockchain. The Foundation hopes that this will help it […]

Poly Network Hacker Returns $600 Million in Stolen Crypto

The Poly Network hack of more than $600 million in cryptoassets has taken a new twist after the hacker decided to return all of the stolen funds.  On August 10, a hacker was able to take advantage of an exploit in the interoperability protocol Poly Network in order to steal $600.3 million in cryptoassets, making […]

Man Allegedly Drugged Over Bitcoin in a Date Gone Horribly Wrong

A man was allegedly drugged for his Bitcoin holdings after meeting (via a dating app) a woman who claimed to be a “cryptocurrency trader” in her profile.  According to a report by Bitcoin Magazine, Jameson Lopp, CTO at Bitcoin self-custody solution provider Casa, recently published a blog post in which he told the story of […]

iPhone Owner Angry With Apple After Losing 17.1 Bitcoins

According to a report by Washington Post, an unfortunate iOS user is alleging that he fell victim to a scam that cost him nearly his entire life savings — 17.1 BTC (worth roughly $600,000 at the time) — thanks to Apple’s negligence in running the iOS app store. The report says that Phillipe Christodoulou, who […]

World’s Largest Custodian Bank Invests in Crypto Custody Startup Fireblocks

The oldest bank of the United States, Bank of New York Mellon (NYSE: BK), has invested in crypto custody startup Fireblocks as part of a $133 million funding round that saw participation from hedge fund Coatue Management, growth equity firm Stripes, and others. According to Forbes, the completion of the rounds brings the total amount […]

Tesla and SpaceX CEO Elon Musk Gives Advice on Cryptocurrency Wallets

On Wednesday (February 10), Elon Musk, the world’s second richest person (according to the Forbes’ “The Real-Time Billionaires List“), gave crypto investors some important advice. Musk, who is a co-founder of PayPal, founder and CEO of SpaceX, and a co-founder and CEO of Tesla, decided to make his views on crypto wallets be known after […]

Bitcoin Website Registered by Satoshi Nakamoto Hit With ‘Massive’ DDoS Attack was forced offline for several hours early Saturday morning after the website was hit by a ‘massive” DDoS attack corresponding with a new all-time high.

$103 Million Liquidated on DeFi Protocol Compound After DAI Price Rise

A total of $103 million were liquidated on popular decentralized finance protocol Compound after a sudden rise in the price of the DAI stablecoin on Coinbase Pro saw some loans become under-collateralized. After what appears to have been an error or malicious attack, the price of the dollar-pegged stablecoin DAI surged on Coinbase to $1.30 […]

5 Tips to Protect Your Cryptoassets by Securing Your Browser

Wirrten by: Dmytro Volkov, CTO of the international cryptocurrency exchange CEX.IO. He has over 15 years’ work experience in IT, including over 10 years in financial markets. Author of trainings on financial and tech topics. Speaker at industry-wide conferences.  2020 has been a year filled with threats for crypto owners, not the least of which were frauds and hacking […]

Hacked Platform Value DeFi Offers 1 Million DAI for Return of Funds

Value DeFi, a decentralized finance protocol that was hacked for $6 million worth of DAI via a flash loan taken out for 80,000 ETH on the Aave protocol, has offered the hacker $1 million in DAI as a bounty for them to return funds to their users. Data from the Ethereum blockchain shows that the […]

Chainalysis Launches Program to Help Governments Store and Sell Seized Cryptoassets

Blockchain analysis firm Chainalysis is launching a new program to help governments recover, store, and sell cryptoassets seized their operations, less than two weeks after the U.S.  government seized over 69,000 BTC worth over $1 billion. According to announcement Chainalysis published, the program could help government agencies and insolvency practitioners “handle, store, realize, and monitor […]

DeFi Project Akropolis Loses 2 Million DAI in Exploit

Decentralized finance (DeFi) project Akropolis has lost over $2 million in DAI after hackers managed to exploit it via a flash loan taken out on dYdX. Akropolis is a DeFi lending and savings service provider. On social media, the team behind Akropolis stated it identified a hack was executed “across a body of smart contracts […]

Binance Awards $200,000 to Researchers Who Helped Identify Its Attackers

Leading cryptocurrency exchange Binance has revealed it is rewarding a team of investigators with $200,000 for submitting a long-form report that identified one of the attackers that tried to hack the exchange in 2018. In a press release shared with CryptoGlobe, Binance revealed that the U.S. Department of Justice revealed its indictment of two individuals […]

Hacked Crypto Exchange KuCoin Has Recovered Most of the Stolen Funds, Co-Founder Says

Johnny Lyu, co-founder and CEO of the hacked Singapore-based cryptocurrency exchange KuCoin, has revealed the trading platform recovered 84% of the assets that were stolen from it back in September. KuCoin suffered a major security breach in September, in which a hacker managed to access its hot wallets and steal over $280 million worth of […]

Phishing Scam Reportedly Steals Over 1.15 Million XRP From Ledger Wallet Owners

Ledger owners have reportedly lost more than 1,150,000 XRP following a surge in phishing attempts involving the cryptocurrency hardware wallet.  According to XRP Forensics, a massive phishing scam has stolen more than 1.15 million XRP from Ledger users using a fake domain resembling the official website. The Twitter account warned users to pay careful attention […]

Italian Airport Employee Accused of Using Airport’s Computers to Mine Ethereum

An Italian airport worker has been caught allegedly using the facility’s computer systems to mine Ethereum.  According to a report by Italian media outlet Rai News, a 41-year old technician in the city of Lamezia Terme was caught allegedly putting mining malware on the airport’s computer systems. The report claims the staffer put the security […]

Trump Campaign Website Defaced to Promote XMR Scam

Hackers have defaced the campaign website of U.S. President Donald Trump to briefly promote a scam trying to get donations in the privacy-centric cryptocurrency Monero (XMR). It’s unclear whether any donations were made. The defacement, according to the New York Times, latest less than 30 minutes and was first spotted by Gabriel Lorenzo Greschler, a […]

Monero Up 200% Year-to-Date, Hits 2-Year High Amidst Regulatory Concerns

Privacy-focused cryptocurrency Monero is up 200 percent year-to-date after reaching a 2-year price high on October 26.

Harvest Finance Places $100,000 Bounty on Hacker Behind $24 Million Attack

Decentralized finance (DeFi) lending protocol Harvest Finance has been exploited by a hacker who drained $24 million from its pools, and then mysteriously returned $2.5 million to the protocol. Harvest finance has put a $100,000 on the first person or team to reach out to the attacker. Harvest Finance is a DeFi yield farming protocol […]

Ripple Board Member Arrested on Cyberstalking Charges

Ripple board member Ken Kurson is being held in federal custody after being arrested for charges related to cyberstalking.

Ransomware Hacking Group Donates Extorted Bitcoin to Charity

Hackers from the Darkside ransomware group, which claims to have extorted millions of dollars from various companies, vowed to “make the world a better place” and donated some of the extorted BTC to charities. In a post on the dark web, according to the BBC, the ransomware group posted receipts of 0.88 BTC ($10,000) donations […]

Gold Bug Peter Schiff’s Euro Pacific Under Investigation by Global Task Force

Gold bug and crypto critic Peter Schiff’s Euro Pacific Bank is under investigation by a joint task force of authorities for alleged tax evasion and other financial crimes.

Bitstamp Adds Crime Insurance Policy for Crypto Assets Held on Exchange

Cryptocurrency exchange Bitstamp has announced a new crime insurance policy to cover digital assets held on the platform.

New Zealand Man Charged With Laundering Crypto and Luxury Cars

A 40-year-old New Zealand faces over 30 charges related to money laundering, including the purchase of crypto-assets and luxury cars.

Binance Helps Crypto Investor Recover $30,000 From Exit Scam

Popular cryptocurrency exchange Binance has helped a cryptocurrency investor recover 200,000 yuan (about $30,000) that were lost after the user fell victim to an exit scam posing as a yield farming project. According to the exchange, the cryptocurrency investors identified the liquidity mining project and after a few days of doing some research, he concluded […]

Financial Watchdog Reports Belgian Investors Lost $12 Million to Crypto and Forex Scams

A report by the financial watchdog FSMA estimates Belgian investors lost nearly $12 million to crypto and forex-related scams over the past year.

Fake Electrum Wallet Update Has Scammed Users out of $22 Million in Bitcoin

Malware attackers have used fake Electrum wallet updates to scam users out of more than $22 million in bitcoin.

You Can Now Buy Crypto From Within the Coinbase Wallet Mobile App

On Monday (October 12), crypto exchange Coinbase announced that its non-custodial crypto wallet app can now be used not just for holding digital assets but buying them as well directly from within the app. In a blog post published yesterday, Group Product Manager Sid Coelho-Prabhu explained the motivation for this new feature: “Wallet allows users […]

Bitcoin Extortion Bomb Threats Hit Rural Japan: Report

Local government premises and schools in Japan have been being hit by various extortion attempts from someone demanding bitcoin payments, threatening to detonate explosives if the demands are not met. According to Japan Today, the threats have been received in at least 18 prefectures since July, and city halls and schools have been the main […]

Group Crowdfunds Lawsuit Against Yearn.Finance Founder Andre Cronje Over EMN Hack

A group of aggrieved cryptocurrency investors are crowdfunding a lawsuit against Yearn.Finance’s founder Andre Cronje for his role in the $15 million hack of EMN.

Privacy-Focused Brave Browser Adds Dark Web Access to Its Services

Brave has updated its privacy-focused browser with Tor integration, allowing users to access the service from dark web portals. for increased security.

Fake Yield Farming Project Costs User $140,000 in Uniswap Tokens

A DeFi user was scammed out of $140K in Uniswap tokens after investing in a scam yield-farming project dubbed UniCats.

Senior Citizen Says ‘Life Savings’ Were Stolen When He Tried to Invest in Bitcoin

An elderly UK-based victim of a Bitcoin scam says that fraudsters posing as cryptocurrency brokers stole his life savings (around £82,532 or $106,000) when he tried to invest in Bitcoin. According to an article by Tony Hazell published on Tuesday (September 29) on financial news website “This Is Money” (which is owned by DMG Media), […]

Crypto Broker Cryptenix Added to UK Markets Watchdog’s Warning List

The UK’s Financial Conduct Authority (FCA) has warned Britons against using cryptocurrency broker Cryptenix, as the regulator believes the firm “has been providing financial services or products in the UK without our authorisation.” In the announcement, the FCA pointed out that the firm if offering cryptocurrency-related and FX services to UK residents without being authorized […]

KuCoin Hacker Starts Moving Millions in ERC-20 Tokens, XRP to Cash Out

The hacker who stole hundreds of millions of dollars’ worth of cryptassets form Singapore-based crypto exchange KuCoin have started moving millions in ERC-20 tokens and XRP to cash out using various methods. Data from the Ethereum blockchain, spotted by Whale Alert, shows that the hacker, who managed to steal an estimated over $200 million from […]

Hacker Steals $15 Million From Unreleased DeFi Project Eminence

An unknown hacker has stolen over $15 million worth of cryptoassets from an unreleased decentralized finance (DeFI) project being built by Yearn.Finance founder Andre Cronje. The exploit allowed the hacker to mint new tokens, and steal funds in the process. Andre Cronje is a controversial developer in the space for his “I test in prod” […]

Nevada Woman Charged in Bitcoin Murder-for-Hire of Ex-Husband

A Nevada woman has been charged by Federal authorities for attempting to pay a darkweb hitman $5,000 in bitcoin to murder her ex-husband.

Bank of New York Mellon Allegedly Aided OneCoin Ponzi Scheme’s $4 Billion Fraud

Bank of New York Mellon has been accused of playing a role in the $4 billion Ponzi Scheme OneCoin, according to an updated court filing.

Whitehat Hacker Prevents $10 Million Ethereum Theft

Whitehat hacker samczsun discovered a vulnerability in an ethereum smart contract putting nearly $10 million ETH at risk of theft.

Crypto Exchange KuCoin Gets Hacked

On Saturday (September 26), Singapore-based crypto exchange KuCoin suffered a security breach, as the result of which a part of the cryptoassets in the exchange’s hot wallets were stolen. According to KuCoin Global CEO Johnny Lyu, who hosted a live stream that started at 04:30 UTC on September 26, here are some important details about […]

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