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.
U.S. authorities recovered $31 million in cryptocurrency stolen in 2021 cyberattacks on Uranium Finance, a Binance Smart Chain-based DeFi protocol. [...]
Federal agents, open up ... your browsers and see if you recognize any of these wallets The FBI has officially accused North Korea's Lazarus Group of stealing $1.5 billion in Ethereum from crypto-exchange Bybit earlier this month, and asked for help tracking down the stolen funds.…
Also: $31M From Uranium Hack Seized, SEC Wraps Up Crypto LawsuitsThis week, the $49M Infini exploit, ByBit updates, hacked Uranium funds, seized, OKX settlement, DeepSeek crypto scam. Also, the SEC dismissed Coinbase, Robinhood, Uniswap and Gemini probes as well as its crypto dealer rule. It launched a new crypto fraud unit.
FBI confirms North Korea’s Lazarus Group responsible for Bybit crypto heist
FBI has confirmed that North Korean hackers stole $1.5 billion from cryptocurrency exchange Bybit on Friday in the largest crypto heist recorded until now. [...]
The U.S. Federal Bureau of Investigation (FBI) formally linked the record-breaking $1.5 billion Bybit hack to North Korean threat actors, as the company's CEO Ben Zhou declared a "war against Lazarus." The agency said the Democratic People's Republic of Korea (North Korea) was responsible for the theft of the virtual assets from the cryptocurrency exchange, attributing it to a specific cluster
A recent social engineering campaign targeted job seekers in the Web3 space with fake job interviews through a malicious "GrassCall" meeting app that installs information-stealing malware to steal cryptocurrency wallets. [...]
A recent social engineering campaign targeted job seekers in the Web3 space with fake job interviews through a malicious "GrassCall" meeting app that installs information-stealing malware to steal cryptocurrency wallets. [...]
Up to $140M in bounty rewards for return of Ethereum allegedly pilfered by hermit nation Cryptocurrency exchange Bybit, just days after suspected North Korean operatives stole $1.5 billion in Ethereum from it, has launched a bounty program to help recover its funds.…
The immensely popular memecoin generator Pump.fun had its X account hacked to promote a fake "PUMP" token cryptocurrency scam. [...]
The fake websites trick users into downloading and running malware that searches for personal information, especially anything related to crypto currency.
A malware campaign dubbed GitVenom uses hundreds of GitHub repositories to trick users into downloading info-stealers, remote access trojans (RATs), and clipboard hijackers to steal crypto and credentials. [...]
Cyberattackers believed to be affiliated with the state-sponsored threat group pulled off the largest crypto heist reported to date, stealing $1.5 billion from exchange Bybit. It was carried out by interfering with a routine transfer between wallets.
Cybersecurity researchers are calling attention to an ongoing campaign that's targeting gamers and cryptocurrency investors under the guise of open-source projects hosted on GitHub
Crypto Firm Offers Up to $140M Bounty for Recovery of Hacked FundsHacked crypto exchange Bybit replenished the $1.4 billion in Ether stolen days ago, CEO Ben Zhou said Monday. A new proof-of-reserves audit will confirm that client assets are back to a 1:1 ratio using a Merkle Tree verification system, Zhou tweeted.
Over the weekend, blockchain security companies and experts have linked North Korea's Lazarus hacking group to the theft of over $1.5 billion from cryptocurrency exchange Bybit. [...]
Welcome to your weekly roundup of cyber news, where every headline gives you a peek into the world of online battles. This week, we look at a huge crypto theft, reveal some sneaky AI scam tricks, and discuss big changes in data protection
Following the largest-ever crypto theft, Bybit is offering researchers up to 10% of recovered funds
PLUS: SEC launches new crypto crime unit; Phishing toolkit upgraded; and more Infosec in brief Apple has responded to the UK government's demand for access to its customers’ data stored in iCloud by deciding to turn off its Advanced Data Protection (ADP) end-to-end encryption service for UK users.…