Category: Security
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SEC scuppers ShipChain’s $27M ICO and fines the firm its last $2M
The defunct firm is not the first to run aground due to failure to abide by U.S. securities laws.
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Nicehash Crypto Mining Pool ‘Fully’ Reimburses All Users Affected by 2017 Hack
A Slovenian cryptocurrency mining pool and trading platform announced that they’ve managed to fully compensate their users affected by a hacking attack that took place in December 2017, which took over 4,600 bitcoins. Nicehash ‘Fully’ Reimburses Users Affected in 2017 Hack According to the letter published by Martin Škorjanc, CEO of Nicehash, the company “fully”…
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The importance of decentralized oracles: Interview with Sergey Nazarov
Chainlink co-founder Sergey Nazarov explains why a decentralized oracle network is needed to ensure trust in the DeFi ecosystem.
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Traditional crypto custodians ramp up security to accommodate institutional demand
Offline storage solutions are necessary for traditional custodians and banks supporting digital assets.
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Two Rubygems Infected With Crypto-Stealing Feature Malware Spotted by Researchers
New infected Rubygems packages have been spotted in its open-source software repository and which contained malicious code mainly used to steal cryptocurrencies from users via supply chain attack. Two Cryptocurrency-Stealers Rubygems Detected by Researchers at Sonatype According to Ax Sharma, a security researcher at Sonatype, the two gems detected — pretty_color and ruby-bitcoin — had…
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FBI Warns Ransomware Gangs Are Harassing Victims via Telephone Calls to Pay Crypto Ransoms
The U.S. Federal Bureau of Investigation (FBI) has released an alert that warns private industry in the country about incidents of harassment of victims made by ransomware gangs, such as the well-known Doppelpaymer group. FBI Is Aware of Cold-Calling Tactics by Ransomware Gangs According to a PIN (private industry notification) alert regularly sent to U.S.…
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Ledger Wallet Customer Data Leak Invokes Threats, Phishing Scams, User Allegedly Loses Life Savings
The cryptocurrency hardware wallet firm Ledger was hacked last June and over a million emails were exposed, according to reports from the company at the time. Months later, the hackers who obtained the Ledger data emailed clients, sent texts to customers, and created phishing links for users to enter their seeds. One customer allegedly lost…
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Vitalik Buterin Warns Current Crypto Wallets Are Not Ready for Mainstream Adoption
The cofounder of the world’s second-largest cryptocurrency, ethereum, warned about crypto wallet vulnerabilities, claiming the tools are not ready for widespread adoption and encouraged to open more discussions on security matters. Buterin Calls for More User-Friendly Crypto Wallets for Non-Technical Users During the 4th day of Labitconf 2020 on December 10, 2020, Vitalik Buterin participated…