Security News
Security researchers found that an attacker could leave OpenSea account owners with an empty cryptocurrency balance by luring them to click on malicious NFT art. Details emerged today about an issue on the OpenSea platform that let hackers hijack user accounts and steal the associated cryptocurrency wallets.
Security researchers found that an attacker could leave OpenSea account owners with an empty cryptocurrency balance by luring them to click on malicious NFT art. Details emerged today about an issue on the OpenSea platform that let hackers hijack user accounts and steal the associated cryptocurrency wallets.
In a major blunder, cryptocurrency platform Compound accidentally paid out $90 million among its users. Compound is an Ethereum-based money market protocol that enables users to earn interest or borrow assets against collateral.
A US citizen has admitted to helping the Democratic People's Republic of Korea to establish cryptocurrency capabilities and faces up to 20 years jail for his actions. The DoJ alleges Griffith and his co-conspirators "Provided instruction on how the DPRK could use blockchain and cryptocurrency technology to launder money and evade sanctions," and "How blockchain technology such as 'smart contracts' could be used to benefit the DPRK, including in nuclear weapons negotiations with the United States."
A US citizen has admitted to helping the Democratic People's Republic of Korea to establish cryptocurrency capabilities and faces up to 20 years jail for his actions. The Department of Justice on Monday revealed that Virgil Griffith, a US citizen resident in Singapore, hatched plans in 2018 to help an individual in the hermit kingdom mine cryptocurrency.
Griffith, who worked as a special projects dev and researcher for the Ethereum Foundation, was arrested in November 2019 by the FBI. Advice on how to evade sanctions and launder money. His arrest happened after he traveled to North Korea to give a presentation on how to use cryptocurrency and blockchain tech to launder money and evade sanctions.
September 20th 2021 US farmer cooperative hit by $5.9M BlackMatter ransomware attack. U.S. farmers cooperative NEW Cooperative has suffered a BlackMatter ransomware attack demanding $5.9 million not to leak stolen data and provide a decryptor.
A new Elon Musk-themed cryptocurrency giveaway scam called the "Elon Musk Mutual Aid Fund" or "Elon Musk Club" is being promoted through spam email campaigns that started over the past few weeks. Before you dismiss these scams, saying that no one falls for them, similar crypto scams have been hugely successful and have generated hundreds of thousands of dollars in the past.
The Biden administration is expected to issue sanctions against crypto exchanges, wallets, and traders used by ransomware gangs to convert ransom payments into fiat money. With ransomware attacks against US interests and infrastructure escalating over the past two years, the White House has increased its efforts to disrupt ransomware operations.
In 2018, hackers famously compromised several cryptocurrency exchanges by compromising a popular software library used by most exchanges on the internet. Cryptocurrency exchanges are convenient, which means people will almost certainly continue to use them.