Crypto Security

Blockchain analysis firm Chainalysis has released its “2024 Crypto Crime Mid-year Update Part 1” report. The report indicates that while overall illicit activity on the blockchain has decreased by nearly 20% year-to-date, certain categories of criminal behavior, such as stolen funds and ransomware, are seeing a worrying increase. Chainalysis highlighted that legitimate crypto activity is […]

Frank Chaparro, Director of Special Projects at The Block, recently interviewed Coinbase Chief Information Security Officer (CISCO) Jeff Lunglhofer for Episode 47 of Season 6 of The Scoop podcast. Lunglhofer offered a comprehensive look into the various strategies and practices Coinbase employs to protect its users and their assets while also shedding light on the […]

According to a report by Tom Warren for The Verge, thousands of Windows machines are experiencing the Blue Screen of Death (BSOD) today, disrupting operations across various industries, including banks, airlines, TV broadcasters, and supermarkets worldwide. The issue allegedly stems from a faulty update released by cybersecurity provider CrowdStrike, which has rendered affected PCs and […]

In a recent statement, Trezor, a leader in the cryptocurrency hardware wallet industry, addressed concerns over a security breach of its official X (formerly Twitter) account. Despite stringent security measures, including the implementation of strong passwords and two-factor authentication, Trezor disclosed that unauthorized activity was detected on their X account on the evening of 19 […]

Disclaimer: we may receive compensation from affiliate sales for some of the products and services we mention. This compensation does not influence the content of our reviews or recommendations, which are based solely on our own research and analysis. However, we encourage you to do your own research before making any purchase decisions. The Tangem […]

FinTech firm Block, Inc. (NYSE: SQ), formerly known as Square, Inc., a global technology conglomerate, has introduced Bitkey, a self-custody Bitcoin wallet designed to democratize financial ownership. Bitkey, a product of Block’s Proto team, exemplifies the company’s mission to accelerate the world’s transition to an open economy. According to Block’s press release, Lindsey Grossman, Business […]

Ethereum co-founder Vitalik Buterin has revealed that the recent unauthorized access to his Twitter account was due to a SIM-swap attack. A SIM-swap attack, also known as simjacking, is a cyber attack where a hacker tricks a mobile carrier into transferring a victim’s phone number to a new SIM card controlled by the attacker. Once […]

Stake.com, a well-known online casino and sportsbook founded in 2017 by Bijan Tehrani and Ed Craven, has put a temporary hold on withdrawals after becoming the target of an alleged $40 million security breach. The issue was first brought to light by security firm Cyvers. The firm detected abnormal transfers moving away from Stake.com’s Ethereum […]

According to a recent article by Bloomberg News, in late July, a programmer at Estonia’s CoinsPaid, a prominent crypto payment processor, was contacted by a recruiter on LinkedIn for a job opportunity. During a 40-minute video interview, the engineer was asked to download a file for a technical test on his work computer. Days later, […]

In a recent YouTube video, a user shared a harrowing account of her Ledger hardware wallet being hacked, resulting in the loss of thousands of XRP tokens. This incident serves as a stark reminder of the potential risks associated with cryptocurrency storage and the importance of stringent security measures. SEO Title: “XRP HODLer Alleges Ledger […]

According to the “Crypto Crime Mid-year Update” report from blockchain forensics firm Chainalysis, the first half of 2023 has witnessed a significant decline in cryptocurrency-related crimes. However, ransomware incidents are set for a massive spike due to the resurgence of “big game hunting.” The analysis of the Chainalysis blog post reveals that the volume of […]

Atomic Wallet, a popular cryptocurrency wallet, has reportedly been hit by a major security breach, resulting in over $35 million in digital assets being stolen. This alarming news was reported by BleepingComputer on June 4, 2023. Atomic Wallet, a versatile crypto wallet compatible with various operating systems, including Windows, Android, iOS, macOS, and Linux, is […]

Prominent tech influencer Linus Sebastian’s three YouTube channels, “Linus Tech Tips,” “Techquickie,” and “TechLinked,” were hacked in the early hours of Friday, March 24th. The Verge reported on that day that this incident is part of a string of high-profile breaches by crypto scammers targeting YouTube channels and that the channels, which have a combined […]

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On Tuesday (6 December 2022), crypto hardware wallet maker Ledger unveiled its latest device, Ledger Stax, which was designed with the help of legendary designer and engineer Tony Fadell, who is known as the “father of the iPod”. Here is Fadell’s bio from Wikipedia: “Anthony Michael Fadell is an American engineer, designer, entrepreneur, and investor. He was […]

Recently, crypto analyst William Clemente III, Co-Founder of boutique digital asset research firm Reflexivity Research, explained why COLDCARD, which is made by Canadian firm Coinkite Inc., is his favorite Bitcoin hardware wallet. Coinkite’s COLDCARD is not a crypto hardware wallet — it is a Bitcoin-only hardware wallet “made by cypherpunks”. High security seems to be […]

Grayscale Investments (“Grayscale”), a subsidiary of Digital Currency Group (“DCG”), says that “custody of the digital assets underlying Grayscale’s digital asset products is unaffected,” but it is not willing to disclose wallet addresses or provide on-chain Proof of Reserves (PoR). Here is how Coin Metrics Co-Founder Nic Carter, who has long been a strong proponent of […]

On Friday (18 November 2022), Canadian rapper, singer, actor Drake, who showed off what appears to be a Ledger Nano hardware wallet bedazzled with Swarovski crystals. Per a report by Casino.org, the 36-year-old Toronto-born artist joined the world’s biggest cryptocurrency sportsbook and casino Stake in December 2021 under the username “DeepPockets6” and “in just two […]

On Saturday (12 November 2022), it appears that hundreds of millions of dollars in crypto may have been illegitimately been taken from FTX’s wallets, and according to a notice on FTX’s official Telegram channel, the crypto exchange has been hacked. Around 2:47 a.m. UTC, people started noting that “hundreds of millions of dollars” were leaving […]

On Wednesday (2 November 2022), the world’s largest crypto exchange (by trading volume) announced that it had entered into a strategic partnership with crypto hardware wallet maker Ledger. According to Binance’s blog post, this agreement “enables users with a verified Binance account to buy crypto through Ledger directly with their bank cards and have the […]

On Tuesday (September 20), Evgeny Gaevoy, Founder and CEO of crypto market maker Wintermute, announced that their DeFi operations had been “hacked for about $160M.” The Wintermute CEO took to Twitter a short time ago to say that centralized finance and over-the-counter (OTC) operations “are not affected” and that they are “solvent with twice over […]

Mark Yusko, the Founder, CEO and Chief Investment Officer of Morgan Creek Capital Management, says that more modern and user-friendly crypto wallets will lead to a massive surge in adoption.  Yusko, who is also the Managing Partner of Morgan Creek Digital, said during a conversation with Scott Melker that the crypto industry needed to work […]

On Wednesday (August 3), blockchain security firm PeckShield reported that around $4.8 million has been transferred out of crypto exchange ZB. On its website and in its Twitter bio, ZB calls itself the world’s most secure crypto exchange, as you can see from the screenshot below (taken at 6:27 p.m. UTC on August 3): Here […]

On Tuesday (July 26), Coinbase introduced “Security Prompt”, which it described as “a faster and safer way for our users to verify their identity & activities when interacting with the Coinbase ecosystem.” In a blog post published earlier today, Senior Product Manager Siyu Liu and Product Manager Chetan Rane introduced the new feature. They wrote […]

Manufacturers of crypto hardware wallets have witnessed a bump in sales despite the ongoing bear market.  According to a report by Cointelegraph, hardware wallet makers, such as Ledger, have experienced an increase in revenue over the past few months as more users seek to withdraw their funds from centralized exchanges.  Pascal Gauthier, CEO of Ledger, […]

On Tuesday (June 28), French cryptocurrency hardware wallet manufacturer Ledger has finally added support for Cardano ($ADA) to the mobile (Android) version of Ledger Live, the application for managing cryptoassets on Ledger devices. Paris-headquartered Ledger was co-founded in 2014 by Eric Larchevêque, Nicolas Bacca, Joel Pobeda, and Thomas France. It currently makes three crypto hardware wallets: Ledger Nano X, […]

On Thursday (June 16), the day after hardware wallet maker Ledger added support for $ADA to Ledger Live, its software for managing digital assets on Ledger devices, the Paris-headquartered firm took “a deep dive into the world of Cardano, and its native coin ADA.” Support for $ADA on the Ledger Live desktop app means that “you can […]

French cryptocurrency hardware wallet manufacturer Ledger has finally added support for Cardano ($ADA) and is now letting users buy, send, and receive their tokens directly on Ledger Live, the application for managing cryptoassets on their devices. Paris-headquartered Ledger was co-founded in 2014 by Eric Larchevêque, Nicolas Bacca, Joel Pobeda, and Thomas France. It first announced it was moving to […]

Some crypto scammers are reportedly building online relationships — via dating apps such as Tinder — with their victims so that they can then be parted with their money. According to a report published by The San Francisco Examiner earlier this month, techies in Silicon Valley have been hit hard by crypto fraudsters. The report […]

Octagon Networks, which is “an emerging research and development company focused on tackling advanced threats, threat actors and vulnerabilities”, says that it has “finished the process of converting its liquid assets and entire balance sheet into Bitcoin.” The startup says on its website that it is “a global network of well versed and experianced security […]

Crypto companies are reportedly targeting current and former police officers (especially those with experience of investing cyber crimes) in the U.K. with lavish salaries in a ramping up of hiring efforts.  According to a report by Bloomberg News, some of the biggest crypto firms — including Coinbase, Chainalysis, and Binance — are actively hiring law […]

On Friday (May 6), Vacuumlabs, the Slovakian FinTech startup behind Cardano-powered DEX WingRiders, explained why its direct hardware wallet support means that it is able to offer safer trading than most other DEXes on Cardano. What is WingRiders? WingRiders is being developed by Vacuumlabs, which is “a software development company that builds modern full stack fintech […]

This article provides an overview of the top three Cardano-powered decentralized exchanges (DEXes) by TVL (based on data from DeFi Llama), i.e. Minswap, WingRiders, and SundaeSwap. Crypto Hardware Manufacturer Ledger Improves Its Support for Cardano On Tuesday (April 26), Cardano founder Charles Hoskinson applauded French crypto hardware wallet manufacturer Ledger’s announcement about version 4.0.0 of […]

On Tuesday (April 26), Cardano founder Charles Hoskinson applauded French crypto hardware wallet manufacturer Ledger’s announcement about version 4.0.0 of the Cardano app for Ledger wallets now being compatible with Cardano-powered smart contracts. Paris-headquartered Ledger was co-founded in 2014 by Eric Larchevêque, Nicolas Bacca, Joel Pobeda, and Thomas France. It currently makes three crypto hardware wallets: […]

A retired nurse reportedly lost $43,000 from her life savings after being targeted by phishing scammers. According to a report by The New York Post, the retired nurse had the computer at her part-time job hacked via a common phishing scheme. The scammers were able to install malware on the woman’s computer through a fake […]

French crypto hardware wallet maker Ledger is partnering with Ethereum-powered play-to-earn (P2E) game The Sandbox to promote crypto education in the burgeoning metaverse.  According to a report by Cointelegraph, Ian Rogers, Ledger’s chief experience officer, first announced the partnership at the Non-Fungible Conference last Monday (April 4). Rogers said the partnership aimed to bring greater […]

On Thursday (March 24), Cardano-powered decentralized exchange (DEX) Minswap announced that it had patched the “critical vulnerability that would allow someone to drain all the Liquidity in the Smart Contract.” What is Minswap? According to its white paper, Minswap is “an automated market-maker (AMM) decentralized exchange (DEX) on Cardano which supports multiple pricing functions for a single liquidity […]

Hong Kong police have arrested several people who were allegedly involved in the recent kidnapping of a cryptocurrency trader. According to a report by U.Today citing a local media report, on November 6, a 39-year-old crypto trader went to went to Kowloon Bay to meet someone who wanted to buy some crypto from him. The […]

A fourteen-year-old schoolboy from Bradford, England was kidnapped and held for ransom after mentioning on social media posts that he made “a reasonable amount of money” from trading cryptocurrencies. The schoolboy, who has remained anonymous for legal reasons, was confronted outside a store in May before being assaulted and forced into the back of a […]

Netflix recently announced an upcoming documentary on the story of now-defunct Canadian crypto exchange QuadrigaCX and the suspicious death of its founder, whom some blame for $250 million in customer funds that went missing. According to a press release issued by Netflix on September 23, the video streaming company plans to premiere in 2022 a […]

The Cardano Foundation has announced a massive “bug bounty” program for ethical hackers who can find vulnerabilities in the Cardano platform.  In a recent blog post, the Cardano Foundation announced a bug bounty program with hacker-powered security firm HackerOne to look for vulnerabilities in the project’s blockchain. The Foundation hopes that this will help it […]

The Poly Network hack of more than $600 million in cryptoassets has taken a new twist after the hacker decided to return all of the stolen funds.  On August 10, a hacker was able to take advantage of an exploit in the interoperability protocol Poly Network in order to steal $600.3 million in cryptoassets, making […]

A man was allegedly drugged for his Bitcoin holdings after meeting (via a dating app) a woman who claimed to be a “cryptocurrency trader” in her profile.  According to a report by Bitcoin Magazine, Jameson Lopp, CTO at Bitcoin self-custody solution provider Casa, recently published a blog post in which he told the story of […]

According to a report by Washington Post, an unfortunate iOS user is alleging that he fell victim to a scam that cost him nearly his entire life savings — 17.1 BTC (worth roughly $600,000 at the time) — thanks to Apple’s negligence in running the iOS app store. The report says that Phillipe Christodoulou, who […]

The oldest bank of the United States, Bank of New York Mellon (NYSE: BK), has invested in crypto custody startup Fireblocks as part of a $133 million funding round that saw participation from hedge fund Coatue Management, growth equity firm Stripes, and others. According to Forbes, the completion of the rounds brings the total amount […]

On Wednesday (February 10), Elon Musk, the world’s second richest person (according to the Forbes’ “The Real-Time Billionaires List“), gave crypto investors some important advice. Musk, who is a co-founder of PayPal, founder and CEO of SpaceX, and a co-founder and CEO of Tesla, decided to make his views on crypto wallets be known after […]

Bitcoin.org was forced offline for several hours early Saturday morning after the website was hit by a ‘massive” DDoS attack corresponding with a new all-time high.

A total of $103 million were liquidated on popular decentralized finance protocol Compound after a sudden rise in the price of the DAI stablecoin on Coinbase Pro saw some loans become under-collateralized. After what appears to have been an error or malicious attack, the price of the dollar-pegged stablecoin DAI surged on Coinbase to $1.30 […]

Wirrten by: Dmytro Volkov, CTO of the international cryptocurrency exchange CEX.IO. He has over 15 years’ work experience in IT, including over 10 years in financial markets. Author of trainings on financial and tech topics. Speaker at industry-wide conferences.  2020 has been a year filled with threats for crypto owners, not the least of which were frauds and hacking […]

Value DeFi, a decentralized finance protocol that was hacked for $6 million worth of DAI via a flash loan taken out for 80,000 ETH on the Aave protocol, has offered the hacker $1 million in DAI as a bounty for them to return funds to their users. Data from the Ethereum blockchain shows that the […]

Blockchain analysis firm Chainalysis is launching a new program to help governments recover, store, and sell cryptoassets seized their operations, less than two weeks after the U.S.  government seized over 69,000 BTC worth over $1 billion. According to announcement Chainalysis published, the program could help government agencies and insolvency practitioners “handle, store, realize, and monitor […]

Decentralized finance (DeFi) project Akropolis has lost over $2 million in DAI after hackers managed to exploit it via a flash loan taken out on dYdX. Akropolis is a DeFi lending and savings service provider. On social media, the team behind Akropolis stated it identified a hack was executed “across a body of smart contracts […]

Leading cryptocurrency exchange Binance has revealed it is rewarding a team of investigators with $200,000 for submitting a long-form report that identified one of the attackers that tried to hack the exchange in 2018. In a press release shared with CryptoGlobe, Binance revealed that the U.S. Department of Justice revealed its indictment of two individuals […]

Johnny Lyu, co-founder and CEO of the hacked Singapore-based cryptocurrency exchange KuCoin, has revealed the trading platform recovered 84% of the assets that were stolen from it back in September. KuCoin suffered a major security breach in September, in which a hacker managed to access its hot wallets and steal over $280 million worth of […]

Ledger owners have reportedly lost more than 1,150,000 XRP following a surge in phishing attempts involving the cryptocurrency hardware wallet.  According to XRP Forensics, a massive phishing scam has stolen more than 1.15 million XRP from Ledger users using a fake domain resembling the official website. The Twitter account warned users to pay careful attention […]

An Italian airport worker has been caught allegedly using the facility’s computer systems to mine Ethereum.  According to a report by Italian media outlet Rai News, a 41-year old technician in the city of Lamezia Terme was caught allegedly putting mining malware on the airport’s computer systems. The report claims the staffer put the security […]

Hackers have defaced the campaign website of U.S. President Donald Trump to briefly promote a scam trying to get donations in the privacy-centric cryptocurrency Monero (XMR). It’s unclear whether any donations were made. The defacement, according to the New York Times, latest less than 30 minutes and was first spotted by Gabriel Lorenzo Greschler, a […]

Privacy-focused cryptocurrency Monero is up 200 percent year-to-date after reaching a 2-year price high on October 26.

Decentralized finance (DeFi) lending protocol Harvest Finance has been exploited by a hacker who drained $24 million from its pools, and then mysteriously returned $2.5 million to the protocol. Harvest finance has put a $100,000 on the first person or team to reach out to the attacker. Harvest Finance is a DeFi yield farming protocol […]

Ripple board member Ken Kurson is being held in federal custody after being arrested for charges related to cyberstalking.