Security News
The malware pretends to be a free Bitcoin mining application, which advertises and can be downloaded via a Youtube video. In an additional attempt to appear more legitimate, the threat actor adds a link to VirusTotal which shows antivirus results for a clean file that is not the malware.
Blockchain venture Harmony offers bridge services for transferring crypto coins across different blockchains, but something has gone badly wrong. The Horizon Ethereum Bridge, one of the firm's ostensibly secure bridges, was compromised on Thursday, resulting in the loss of 85,867 ETH tokens optimistically worth more than $100 million, the organization said via Twitter.
A clipper malware is a piece of software that once running on a computer will constantly check the content of the user's clipboard and look for cryptocurrency wallets. This way, if an unsuspecting user uses any interface to send a cryptocurrency payment to a wallet, which is generally done by copying and pasting a legitimate destination wallet, it gets replaced by the fraudulent one.
"The rise and proliferation of cryptocurrency has also provided attackers with a new method of financial extraction." The targeting of sensitive cryptocurrency data by threat actors was recently echoed by the Microsoft 365 Defender Research Team, which warned about the emerging threat of cryware wherein private keys, seed phrases, and wallet addresses are plundered with the goal of siphoning virtual currencies by means of fraudulent transfers.
The U.S. Federal Trade Commission says Americans have reported losing more than $1 billion worth of cryptocurrency to scams between January 2021 and March 2022. The U.S. law enforcement agency said that tens of thousands of reports pointed to over $1.6 billion in cryptocurrency losses.
What is cryptocurrency, and what is a crypto exchange? A crypto exchange is a digital transaction mechanism - essentially an online market - which allows you to buy and sell cryptocurrency.
Cryptocurrency scammers are using deep fake videos of Elon Musk and other prominent cryptocurrency advocates to promote a BitVex trading platform scam that steals deposited currency. An example of one of the scam videos can be seen below, where Elon promotes the new scam site and says he invested $50 million into the platform.
Cryptocurrency scammers are using deep fake videos of Elon Musk and other prominent cryptocurrency advocates to promote a BitVex trading platform scam that steals deposited currency. An example of one of the scam videos can be seen below, where Elon promotes the new scam site and says he invested $50 million into the platform.
The U.S. Treasury Department on Friday moved to sanction virtual currency mixer Blender.io, marking the first time a mixing service has been subjected to economic blockades. Cryptocurrency mixers, also called tumblers, are privacy-focused services that allow users to move cryptocurrency assets between accounts without leaving a transaction trail by obfuscating their origins.
The US Treasury has sanctioned cryptocurrency mixer Blender for its role in helping North Korea's Lazarus Group launder stolen digital assets. As the name might suggest, cryptocurrency mixing, or tumbling, can obscure the source of some digital money.