Cryptocurrency security covers theft, fraud, ransomware payments, wallet compromise, and blockchain risks involving digital assets and transactions.
Search across headline titles and summaries.
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.
Hackers are increasingly targeting DeFi (Decentralized Finance) cryptocurrency platforms, with Q1 2022 data showing that more platforms are being targeted than ever before. [...]
The Treasury Department's Office of Foreign Assets Control (OFAC) has sanctioned the address that received the cryptocurrency stolen in the largest cryptocurrency hack ever, the hack of Axie Infinity's Ronin network bridge. [...]
The Treasury Department's Office of Foreign Assets Control (OFAC) has sanctioned the address that received the cryptocurrency stolen in the largest cryptocurrency hack ever, the hack of Axie Infinity's Ronin network bridge. [...]
The Treasury Department's Office of Foreign Assets Control (OFAC) has updated its Specially Designated Nationals (SDN) list with new information linking the North Korean-backed Lazarus Group APT to the largest cryptocurrency hack in history. [...]
A platform for everyone to seamlessly share their best moments online, Instagram is slowly turning into a mecca for the undesirables—from sexual harassers to crypto "investors" helping you "get rich fast." How do you keep yourself safe against such profiles? [...]
A platform for everyone to seamlessly share their best moments online, Instagram is slowly turning into a mecca for the undesirables—from sexual harassers to crypto "investors" helping you "get rich fast." How do you keep yourself safe against such profiles? [...]
A security flaw in the Rarible NFT (non-fungible token) marketplace allowed threat actors to use a relatively simple attack vector to steal digital assets from the target's accounts and transfer them directly to their wallets. [...]
A security flaw in the Rarible NFT (non-fungible token) marketplace allowed threat actors to use a relatively simple attack vector to steal digital assets from the target's accounts and transfer them directly to their wallets. [...]
Virgil Griffith, a US cryptocurrency expert, was sentenced on Tuesday to 63 months in prison after pleading guilty to assisting the Democratic People's Republic of Korea (DPRK) with technical info on how to evade sanctions. [...]