Security news aggregator

Latest coverage for Cryptocurrency

Cryptocurrency security covers theft, fraud, ransomware payments, wallet compromise, and blockchain risks involving digital assets and transactions.

3 headlines in this view

Refine the feed

Search across headline titles and summaries.

Tag briefing

Background for this topic.

Cryptocurrency is a digital asset secured by cryptography and recorded on a decentralized blockchain ledger. It enables peer-to-peer transactions without intermediaries, relying on consensus mechanisms like proof-of-work or proof-of-stake to validate and add transaction blocks. Users control funds through private keys, which are critical for accessing and transferring cryptocurrency.

From an information security perspective, protecting private keys is paramount, as their compromise leads to irreversible theft. Cryptocurrency exchanges and wallet software are frequent targets for hacking, requiring robust security controls and vulnerability management. Additionally, the pseudonymous nature of transactions can facilitate illicit activities, challenging efforts to trace funds and enforce compliance. Defenses include hardware wallets, multi-factor authentication, and secure key management practices to mitigate risks inherent in cryptocurrency operations.

Showing 3 most recent headlines Filtered view
Bank Info Security 2 years, 7 months ago

Cryptohack Roundup: Heco Loses $87 Million to Hack Attack

Also: Kronos Loses $25 Million via API Breach; Regulators Charge KrakenThis week's cryptocurrency hack roundup features hackers stealing $87 million from Heco, Kronos reporting $25 million stolen via an API breach, regulators filing charges against Kraken, feds charging three people with stealing $10 million as well as seizing $9 million tied to a pig butchering scam.

Bank Info Security 24 Nov 2023, 3:30 a.m. API Artificial Intelligence Breach Cryptocurrency Hacking Scam Theft
Bank Info Security 2 years, 7 months ago

Binance Exits US in Deal Settling Money Laundering Charges

Cryptocurrency Platform Facilitated Sanctions Violations, Cyber Criminal ProceedsThe world's largest cryptocurrency exchange will withdraw from the U.S. market after now-former chief executive officer Changpeng Zhao pleaded guilty to felony money laundering charges in a U.S. court and the company agreed to pay $4.3 billion into federal coffers.

Bank Info Security 22 Nov 2023, 12:30 p.m. America Cryptocurrency Money Laundering Sanctions
Bank Info Security 2 years, 7 months ago

Binance Chief Resigns in Money Laundering Plea Deal

World's Largest Cryptocurrency Exchange Will Pay $4.3 BillionBinance Chief Executive Changpeng Zhao will plead guilty to violating anti-money laundering statutes in U.S. federal court in a settlement ending an investigation into illicit transactions at the world's largest cryptocurrency exchange. The company will pay $4.3 billion in fines and forfeiture.

Bank Info Security 22 Nov 2023, 10:30 a.m. America Cryptocurrency Fine Investigation Money Laundering