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.
'At least ten' people didn't declare coin income. Wow, what a bust The IRS has been granted a court order to collect records from a bank the agency said will help it identify US taxpayers who failed to report taxable income from crypto trades. …
Multiple npm packages published by the crypto exchange, dYdX, and used by at least 44 cryptocurrency projects, appear to have been compromised. Powered by the Ethereum blockchain, dydX is a decentralized exchange platform offering perpetual trading options for over 35 popular cryptocurrencies including Bitcoin (BTC) and Ether (ETH). [...]
Quantum computing's impact on cryptography is not a cliff that we'll all be forced to jump off of, according to Deloitte.
Lured by fake jobs, victims are isolated abroad and forced to carry out crypto, romance scams and more Authorities in Sihanoukville, Cambodia announced on Sunday that a raid last week uncovered evidence of forced labor cybercrime syndicates that participated in human trafficking and torture.…
A now-patched critical security flaw affecting Atlassian Confluence Server that came to light a few months ago is being actively exploited for illicit cryptocurrency mining on unpatched installations
The decentralized finance (DeFi) platform was the victim of an exploit for a partner's vulnerable code — highlighting a challenging cybersecurity environment in the sector.
A Florida teenager who served as a lackey for a cybercriminal group that specializes in cryptocurrency thefts was beaten and kidnapped last week by a rival cybercrime gang. The teen's captives held guns to his head while forcing him to record a video message pleading with his crew to fork over a $200,000 ransom in exchange for his life. The youth is now reportedly cooperating with U.S. federal investigators, who are responding to an alarming number of reports of physical violence tied to certain online crime communities.
An unknown attacker targeted tens of thousands of unauthenticated Redis servers exposed on the internet in an attempt to install a cryptocurrency miner
In what's the latest crypto heist to target the decentralized finance (DeFi) space, hackers have stolen digital assets worth around $160 million from crypto trading firm Wintermute
Users are advised to patch immediately: We found exploit samples abusing the Atlassian Confluence vulnerability (CVE-2022-26134) in the wild for malicious cryptocurrency mining.
The other Tessier-Ashpool AIs are surely disappointed Cryptocurrency market maker Wintermute says $160 million in digital assets have been stolen from it in a cyber-heist, though it assures customers that everything's fine.…
Digital assets trading firm Wintermute has been hacked and lost $162.2 million in DeFi operations, the company CEO, Evgeny Gaevoy, announced earlier today. [...]
Threat analysts at AquaSec have spotted signs of TeamTNT activity on their honeypots since early September, leading them to believe the notorious hacking group is back in action. [...]