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.
Also, Authorities seize WT1SHOP selling 5.8m sets of PII, The North Face users face tough secuirty hike In brief AT&T cybersecurity researchers have discovered a sneaky piece of malware targeting Linux endpoints and IoT devices in the hopes of gaining persistent access and turning victims into crypto-mining drones.…
But the North Korean criminals are still over half a billion digicash dollars up Federal investigators and private companies seized $30 million in cryptocurrency stolen in March by North Korean-linked APT gang Lazarus Group from a video game developer, the latest example of the growing skills of government and cybersecurity experts to track and recover such ill-gotten gains.…
Coinbase announced on Tuesday that it is funding a lawsuit brought by six people in the U.S. against the Department of Treasury's for the sanctions on the Tornado Cash open-source cryptocurrency mixer platform. [...]
More than $30 million worth of cryptocurrency plundered by the North Korea-linked Lazarus Group from online video game Axie Infinity has been recovered, marking the first time digital assets stolen by the threat actor have been seized
China thinks standards should include central network controls. America does not want that The US Commerce Department’s Bureau of Industry and Security (BIS) has relaxed restrictions that barred export of some encryption technologies to Huawei, in the name of ensuring America is in a better position to negotiate global standards.…
With the help of blockchain analysts and FBI agents, the U.S. government seized $30 million worth of cryptocurrency stolen by the North Korean threat group 'Lazarus' from the token-based 'play-to-earn' game Axie Infinity earlier in the year. [...]
Yes, that’s a lot to digest: the core of it is an allegation that Marshall Islands legislators were bribed to make it possible About halfway between The Philippines and Hawaii is a place called Rongelap Atoll that’s infamous for having been unintentionally irradiated after 1954 nuclear weapons test conducted by the USA at nearby Bikini Atoll.…
A new piece of stealthy Linux malware called Shikitega has been uncovered adopting a multi-stage infection chain to compromise endpoints and IoT devices and deposit additional payloads
UK Treasury demands exchanges report suspected breaches
PLUS: Australia mints a physical crypto-coin; Alibaba Cloud claims world's biggest DC; India’s space airbags; and more China will conduct a three month blitz to cleanse the local internet of "rumors and false information".…