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A 29-year-old Ukrainian national has been arrested in connection with running a “sophisticated cryptojacking scheme,” netting them over $2 million (€1.8 million) in illicit profits. The person, described as the “mastermind” behind the operation, was apprehended in Mykolaiv, Ukraine, on January 9 by the National Police of Ukraine with support from Europol and an unnamed […]
Crypto hardware wallet maker Ledger published a new version of its “@ledgerhq/connect-kit” npm module after unidentified threat actors pushed malicious code that led to the theft of more than $600,000 in virtual assets. The compromise was the result of a former employee falling victim to a phishing attack, the company said in a statement. This […]
A novel multi-platform threat called NKAbuse has been discovered using a decentralized, peer-to-peer network connectivity protocol known as NKN (short for New Kind of Network) as a communications channel. “The malware utilizes NKN technology for data exchange between peers, functioning as a potent implant, and equipped with both flooder and backdoor capabilities,” Russian cybersecurity company […]
Decentralized multi-chain crypto wallet BitKeep on Wednesday confirmed a cyberattack that allowed threat actors to distribute fraudulent versions of its Android app with the goal of stealing users’ digital currencies. “With maliciously implanted code, the altered APK led to the leak of user’s private keys and enabled the hacker to move funds,” BitKeep CEO Kevin […]
The U.S. Cybersecurity and Infrastructure Security Agency (CISA), along with the Federal Bureau of Investigation (FBI) and the Treasury Department, warned of a new set of ongoing cyber attacks carried out by the Lazarus Group targeting blockchain companies. Calling the activity cluster TraderTraitor, the infiltrations involve the North Korean state-sponsored advanced persistent threat (APT) actor […]
The North Korean state-backed hacking crew, otherwise known as the Lazarus Group, has been attributed to yet another financially motivated campaign that leverages a trojanized decentralized finance (DeFi) wallet app to distribute a fully-featured backdoor onto compromised Windows systems. The app, which is equipped with functionalities to save and manage a cryptocurrency wallet, is also […]
Microsoft has warned of emerging threats in the Web3 landscape, including “ice phishing” campaigns, as a surge in adoption of blockchain and DeFi technologies emphasizes the need to build security into the decentralized web while it’s still in its early stages. The company’s Microsoft 365 Defender Research Team called out various new avenues through which […]
Google on Tuesday said it took steps to disrupt the operations of a sophisticated “multi-component” botnet called Glupteba that approximately infected more than one million Windows computers across the globe and stored its command-and-control server addresses on Bitcoin’s blockchain as a resilience mechanism. As part of the efforts, Google’s Threat Analysis Group (TAG) said it […]
The hack took place after one of the bZx’s employees was sent a phishing email embedded with a malicious macro hidden in an MS word document, which, when downloaded, ran a script allowing the attacker to obtain the developer’s personal mnemonic cryptocurrency wallet phrase. A decentralized finance (DeFi) lending platform called bZx has suffered a […]
The Russian-led REvil ransomware gang was felled by an active multi-country law enforcement operation that resulted in its infrastructure being hacked and taken offline for a second time earlier this week, in what’s the latest action taken by governments to disrupt the lucrative ecosystem. The takedown was first reported by Reuters, quoting multiple private-sector cyber […]
British Art Collector Bought Fake Banksy NFT for £240,000 ($336,000) – Scammer Returned Stolen Funds Later. An art collector in the United Kingdom was scammed into spending more than £240,000 ($336,000) for NFT (non-fungible token) by an online scammer. Reportedly, the anonymous investor purchased the token after receiving notification of its sale by an unknown […]
If you haven’t noticed, blockchain technology is taking the world by storm, catapulting technology into unchartered, new territory, allowing for greater transactional accuracy, and more importantly, transparency. The Motley Fool sums up the blockchain, “It’s a brand-new way of transmitting money without the need for traditional banking networks, as well as a means to store […]
When Facebook announced its Libra cryptocurrency back in June, it drew a lot of attention and criticism at the same time. On one hand, the US lawmakers see it as a threat and they want to halt the project. But on the other hand, several developers are interested in it — leading to the rise […]
The blockchain industry is expanding and with the increasing deployment of cryptocurrency in other arenas, the need for faster computation methods is arising. VDF Alliance, a collection of non-profit and corporate collaborators, is offering $100,000 to invent hardware or develop software to create a faster blockchain algorithm. The challenge revolves around a VDF. VDF or […]
1st August 2019 is an important day in the cryptocurrency industry because as of today, 85% of the total Bitcoin supply has been mined. Now, we can only mine 3.15 million new Bitcoins in the next 120 years. Satoshi Nakamoto, the alleged creator of Bitcoin, did a smart move by limiting the total number of […]
Windows XP might have gone a long time ago, but every now and then we get to see glimpses of the good old operating system. In the latest one, a developer has managed to run Windows XP on a Bitcoin SV blockchain and put it on the internet as a website. You can play around […]
Authorities arrested six suspects including five males and one female in simultaneous raids carried out in a joint operation. The raids and subsequent arrests were carried out to trace $28 million worth of stolen Bitcoin. The raids were conducted as part of a 14-month long, large-scale, global police investigation involving European law enforcement agencies including […]
The definition of a node can vary greatly depending on the context in which it is used. When it comes to computer or telecommunications networks, nodes can offer different goals, acting both as a point of redistribution and as a final point of communication. Typically, a node consists of a physical network device, but in […]
Digital currency, which is protected by cryptography and is usually used as a medium of exchange in a digital peer-to-peer (P2P) economic system is called cryptocurrency. The use of cryptographic methods is what provides complete protection for these systems against fraud and counterfeiting. The first cryptocurrency that was ever created was Bitcoin, presented by the […]
In the context of cryptocurrency, consensus algorithm is an essential element of each blockchain network, since they are responsible for maintaining the integrity and security of these distributed systems. The first cryptocurrency consensus algorithm that was created was Proof of Work (PoW), developed by Satoshi Nakamoto and implemented on Bitcoin as a method to overcome […]
Since the advent of Bitcoin in 2008, many other cryptocurrencies have been created as a peer-to-peer electronic money system, each of which had a specific mechanism. But one thing that almost all cryptocurrencies have is the blockchain, as the main element of their architecture. With few exceptions, blockchains are specifically designed for decentralization, operating as […]