Security News
Over $611 million has reportedly been stolen in one of the largest cryptocurrency hacks. Decentralized cross-chain protocol and network, Poly Network announced today that it was attacked with cryptocurrency assets having successfully been transferred into the attackers' wallets.
Mastercard announced it will enhance its card program for cryptocurrency wallets and exchanges, making it simpler for partners to convert cryptocurrency to traditional fiat currency. Working with Evolve Bank & Trust and Paxos Trust Company, the leading blockchain infrastructure and regulated stablecoin issuance platform, and Circle, a global financial technology firm and the principal operator of the USD Coin, a dollar digital currency or stablecoin, Mastercard and its partners will test this new capability to enable more banks and crypto companies to offer a card option to people wanting to spend their digital assets anywhere Mastercard is accepted.
Taken at face value, these events could be taken to imply that law enforcement has found some way to crack the encryption of bitcoin wallets. Tracing bitcoin wallets is difficult but not beyond the resources of law enforcement.
The Federal Bureau of Investigation warns cryptocurrency owners, exchanges, and third-party payment platforms of threat actors actively targeting virtual assets in attacks that can lead to significant financial losses. The FBI issued the warning via a TLP:GREEN Private Industry Notification designed to provide cybersecurity professionals with the information required to properly defend against these ongoing attacks.
Israel said Thursday it will begin seizing cryptocurrency accounts used by the Palestinian Hamas group to raise money for its armed wing. Israeli Defense Minister Benny Gantz ordered security forces to seize the accounts after a joint operation "Uncovered a web of electronic wallets" used by Hamas to raise funds using bitcoin and other cryptocurrencies, the ministry said.
This week, multiple malicious packages were caught in the PyPI repository for Python projects that turned developers' workstations into cryptomining machines. All malicious packages were published by the same account and tricked developers into downloading them thousands of times by using misspelled names of legitimate Python projects.
Scammers are sending fake replacement devices to Ledger customers exposed in a recent data breach that are used to steal cryptocurrency wallets. In a post on Reddit, a Ledger user shared a devious scam after receiving what looks like a Ledger Nano X device in the mail.
Scammers are sending fake replacement devices to Ledger customers exposed in a recent data breach that are used to steal cryptocurrency wallets. In a post on Reddit, a Ledger user shared a devious scam after receiving what looks like a Ledger Nano X device in the mail.
Scammers are sending fake replacement devices to Ledger customers exposed in a recent data breach that are used to steal cryptocurrency wallets. Ledger has been a popular target by scammers lately with rising cryptocurrency prices and the popularity of hardware wallets to secure cryptofunds.
China's crackdown on cryptocurrencies has reached a new crescendo, with the nation's Ministry of Public Security on Wednesday proclaiming it has arrested over 1000 people and shut down 170 gangs that provided crypto-linked money-laundering services. Others are what China calls "Two cards" scammers, who funnel their ill-gotten gains to acquire phone cards that are shipped outside China, then use call credit stored in the cards to make scam calls back into the Middle Kingdom.