Category: Security
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Former UK Cyber Intelligence Official Pushes for Law Change to Stop Bitcoin Ransomware Payments
A former U.K. cybersecurity chief has raised concerns that ransomware incidents are close to “getting out of control.” Ciaran Martin has also called for laws to prevent people from paying bitcoin to cybercriminals. Former Official Claims Most of the Cybercriminals Are Based in Russia During an interview with The Guardian, Martin, who was the head…
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A ‘token’ gift: The US SEC giveth and taketh away
While we would be remiss not to laud the SEC’s statement as a step in the right direction, the shortcomings are inescapable.
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California Man Loses $27,000 in Bitcoin After Falling Prey to Crypto Scammers
In Daly City, California, authorities are investigating a crypto scam incident where a man lost $27,000 worth of bitcoin. A 48-year-old man claimed the scammers tricked him into giving them the keys to his wallet. Scammer Impersonated a Crypto Wallet Hardware Firm Ledger Representative Per KTVU FOX 2, the unnamed victim received a text message…
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DDoS Attackers Return With Massive Extortion Campaigns in the Wake of Bitcoin Prices Surging
Threat actors have been finding opportunities in bitcoin’s bullish trend to increase their extortion campaigns. Hackers are actively threatening companies with DDoS attacks unless they pay for bitcoin ransoms. Bull Run Prices Push Extortionists to Increase Bitcoin Ransom Demands According to an alert issued by security firm Radware, there have been several reports between December…
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SEC vs. Kik Interactive: A status update on the Kin ecosystem and Kin tokens
A deep analysis of the actual final judgement in the U.S. Securities and Exchange Commission versus Kik Interactive case.
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Projects weigh security risks, benefits of liquidity pool token collateral
Liquidity pool token-backed collateral could bolster DeFi’s TVL, but can it be used securely?
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Cybersecurity firm uses encrypted hard drive with Bitcoin to test applicants
Successful applicants can use the funds to buy a ticket to the company’s headquarters.
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Another court applies the Howey investment contract analysis to crypto
The ruling on the motion to dismiss in the SEC v. NAC case indicates that the SEC still has crypto sales in its crosshairs in 2021.