Cryptocurrency security covers theft, fraud, ransomware payments, wallet compromise, and blockchain risks involving digital assets and transactions.
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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.
Fake cryptocurrency giveaways are stealing millions of dollars simply by replaying old Elon Musk and Jack Dorsey Ark Invest videos on YouTube. [...]
Fake cryptocurrency giveaways are stealing millions of dollars simply by replaying old Elon Musk and Jack Dorsey Ark Invest videos on YouTube. [...]
The U.S. Treasury Department on Friday moved to sanction virtual currency mixer Blender.io, marking the first time a mixing service has been subjected to economic blockades
One of Ferrari's subdomains was hijacked yesterday to host a scam promoting fake Ferrari NFT collection, according to researchers. The Ethereum wallet associated with the cryptocurrency scam appears to have collected a few hundred dollars before the hacked subdomain was shut down. [...]
Helping North Korea? Uncle Sam would like a word The US Treasury has sanctioned cryptocurrency mixer Blender for its role in helping North Korea's Lazarus Group launder stolen digital assets. …
The US Department of Treasury today sanctioned cryptocurrency mixer Blender.io used last month by the North Korean-backed Lazarus hacking group to launder funds stolen from Axie Infinity's Ronin bridge. [...]
The U.S. Securities and Exchange Commission (SEC) announced Friday that it settled charges against multinational tech firm NVIDIA for "inadequate disclosures" of cryptomining's impact on its gaming business. [...]
Source code and Bitcoin transactions point to the malware, which emerged in March 2020, being the work of APT38, researchers at Trellix said.
Users on Pixiv, DeviantArt, and other creator-oriented online platforms report receiving multiple messages from people claiming to be from the "Cyberpunk Ape Executives" NFT project, with the main goal to infect artists' devices with information-stealing malware. [...]
Researchers use code, Bitcoin transactions to link ransomware attacks on banks to DPRK-sponsored actors.
The U.S. Securities and Exchange Commission (SEC) on Tuesday announced that it will expand and rebrand its Cyber Unit to fight against cyber-related threats and protect investors in cryptocurrency markets
Move is intended to protect investors
The US Securities and Exchange Commission (SEC) announced today that it will almost double the Crypto Assets and Cyber Unit to ramp up the fight against cryptocurrency fraud to protect investors from "cyber-related threats." [...]
Policing digital assets sounds more Mission Impossible than NCIS The US Securities and Exchange Commission intends to fill an additional 20 positions in a special unit that polices cryptocurrency fraud and other cybercrimes.…