Security News
Coinbase, one of the most popular cryptocurrency exchange platforms, announced today that it's blocking access to more than 25,000 blockchain addresses linked to Russian individuals and entities. When the United States sanctioned a Russian national in 2020, it specifically listed three associated blockchain addresses. Through advanced blockchain analysis, we proactively identified over 1,200 additional addresses potentially associated with the sanctioned individual, which we added to our internal blocklist," Grewal said.
The development follows Ukraine's successful effort of raising over $37 million in crypto donations from all around the world amid the country's ongoing invasion by Russian troops. 'Help Ukraine' crypto donation scams on the rise.
Microsoft has some advice on how to defend against "Ice phishing" and other novel attacks that aim to empty cryptocurrency wallets, for those not already abstaining. Ice phishing, as Microsoft describes it, is a clickjacking, or a user interface redress attack, that "[tricks] a user into signing a transaction that delegates approval of the user's tokens to the attacker.
The deputy governor of the Reserve Bank of India, T Rabi Sankar, has delivered an extremely unflattering assessment of cryptocurrencies - worse than Ponzi schemes, wreckers of economies, and richly deserving of a ban within India. Speaking at the Indian Banks' Association's 17th Annual Banking Technology Conference, Sankar argued that cryptocurrencies are poorly named, as unlike fiat currencies they "Do not have an issuer, they are not an instrument of debt, nor commodities, nor do they have any intrinsic value."
Cryptocurrency platform Wormhole has recovered upwards of $326 million stolen in this week's crypto hack, thanks to a major bailout. Being a cross-chain crypto platform, Wormhole allows users to transfer cryptocurrency across different blockchains, such as Ethereum, Solana, and Binance Smart Chain, among others.
"The wormhole network was exploited for 120k wETH," the DeFi biz said via Twitter on Wednesday. Those organizations behind Wormhole said they would add more ETH in the hours to come to ensure wETH is backed with ETH. And on Thursday, as if by magic, Wormhole proclaimed, "All funds have been restored and Wormhole is back up."
Wormhole - a web-based blockchain "Bridge" that enables users to convert cryptocurrencies - said on Thursday that "All funds are safe" after attackers abused a vulnerability to shake it down for 120,000 Ethereum. The popular bridge, which connects Ethereum, the Solana blockchain and more, has reportedly been trying to negotiate on-chain with the attacker since Wednesday's attack.
Hackers have exploited a vulnerability in the Wormhole cross-chain crypto platform to steal $320 million in cryptocurrency. Wormhole is a platform that allows users to transfer cryptocurrency across different blockchains.
A new and powerful malware named 'Mars Stealer' has appeared in the wild, and appears to be a redesign of the Oski malware that shut down development abruptly in the summer of 2020. Mars Stealer is an information-stealing malware that steals data from all popular web browsers, two-factor authentication plugins, and multiple cryptocurrency extensions and wallets.
Another week, another crypto upstart admitting its lax security has been exploited and parties unknown have made off with millions. The crypto concern is Qubit Finance - an outfit that offers decentralized lending and borrowing and operates under the motto "Lend to ascend - Borrow for tomorrow."