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Latest coverage for Cryptocurrency

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

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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.

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Bank Info Security 1 year, 1 month ago

Breach Roundup: Ukraine Hacks Russian Warplane Maker

Also, Crypter Takedown, Threat Intel Naming Accord and Regulators Ping CrowdStrikeThis week, Ukraine hacked Tupelov, Russian hacking, crypter sites seized and the U.S. will seize North Korean IT worker crypto. Regulators probed CrowdStrike. A Rosetta Stone for intel. A Romanian man admitted to swatting, Lee Enterprises hack exposed data and an FBI vet joined the private sector.

More from Bank Info Security 6 Jun 2025, 9:00 a.m. Admission America Breach Crowdstrike Cryptocurrency Exposure FBI Hacking North Korea Russia Swatting Threat Intelligence Ukraine
Bank Info Security 1 year, 1 month ago

Cryptohack Roundup: US SEC Drops Civil Case Against Binance

Also: Criminal Charges in France Against Suspected Crypto Millionaire KidnappersThis week, U.S. SEC dropped its civil case against Binance, Zhao; France charged 25 in crypto kidnap plot; Hackers stole $3 million in Force Bridge exploit. A Singapore court rejected Wazirx restructuring plan, and BitMEX thwarted a Lazarus Group hacking attempt.

More from Bank Info Security 6 Jun 2025, 6:00 a.m. America Cryptocurrency Exploit France Hacking Lazarus Singapore

Several malicious packages have been uncovered across the npm, Python, and Ruby package repositories that drain funds from cryptocurrency wallets, erase entire codebases after installation, and exfiltrate Telegram API tokens, once again demonstrating the variety of supply chain threats lurking in open-source ecosystems

More from The Hacker News 4 Jun 2025, 10:11 p.m. API Artificial Intelligence Cryptocurrency Erase Exposure Node.js Open Source Python Supply Chain

Musk's 'Bitcoin-style encryption' claim has experts scratching their heads Elon Musk's X social media platform is rolling out a new version of its direct messaging feature that the platform owner said had a "whole new architecture," but as with many a Muskian proclamation, there's reason to doubt what's been said. …

More from The Register 4 Jun 2025, 6:02 a.m. Cryptocurrency Encryption Social Media

To stop the JINX-0132 gang behind these attacks, pay attention to HashiCorp, Docker, and Gitea security settings Up to a quarter of all cloud users are at risk of having their computing resources stolen and used to illicitly mine for cryptocurrency, after crims cooked up a campaign that targets publicly accessible DevOps tools.…

More from The Register 3 Jun 2025, 11:23 p.m. Cloud Cryptocurrency DevOps Docker Theft Virtualisation Vulnerability