security

Cyber Criminals Are Now Hiding Their Stolen Cryptos 13x Faster, Says Report

<div class=”featured_image_container”> </div> <strong>A new report unveiled a growing trend of efforts from cybercriminals hiding their stolen cryptocurrencies through different transaction flows. Crystal Blockchain pointed out that since 2019, the volume of stolen bitcoin grew significantly.</strong> Only 8% of the Funds Were Transferred to Exchanges With Verification Procedures in 2020 Per the findings, in 2020, …

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Android users now have an easy way to check the security of their passwords

Enlarge Getty Images Google is adding its password checkup feature to Android, making the mobile OS the latest company offering to give users an easy way to check if the passcodes they’re using have been compromised. Password Checkup works by checking credentials entered into apps against a list of billions of credentials compromised in the …

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Troubled NZ Crypto Exchange Cryptopia Suffers Another Hack in the Midst of Liquidation Process

<div class=”featured_image_container”> </div> <strong>Controversy still surrounds a liquidated New Zealand cryptocurrency exchange, which allegedly got hacked again. Adding to the $30 million stolen in 2019, Cryptopia reports that it was the target of a another theft incident on February 1, 2021.</strong> Hackers Accessed a Dormant Wallet Which Holds XSN Tokens According to Stuff.co.nz, the hackers …

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Study: Top-Tier Cryptocurrency Exchanges Increased Their Market Share by 13% Since October 2020

<div class=”featured_image_container”> </div> <strong>A recent study unveiled that top-tier cryptocurrency exchanges increased their market share since October 2020, in the context of lower-risk exchanges. The bitcoin bull market fueled that both retail and professional traders utilized such risk, data shows.</strong> Stricter Regulations Boosted Transparency Levels in Crypto Exchanges Per information from crypto market data provider …

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US Government Expands Charges Against North Korean Hackers- Authorities Describe Them as The ‘World’s Leading Bank Robbers’

<div class=”featured_image_container”> </div> <strong>The U.S. Department of Justice (DOJ) unsealed new charges against the North Korean state-sponsored Lazarus Group. The hackers are allegedly responsible for stealing over $1.3 billion in cryptocurrencies and fiat during coordinated cyber-heists.</strong> North Korean Hackers Also Developed and Deployed Malicious Crypto Apps According to the announcement, law enforcement expanded charges to …

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As faith in audits falter, the DeFi community ponders security alternatives

As the attacks launched against popular decentralized finance (DeFi) protocols grow ever-more complex, the efficacy of audits from major security companies have in turn come under scrutiny — and some members of the DeFi community have already begun building homegrown alternatives. “I think that now, after all the hacks we’ve had, we basically understand that …

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Cream Iron Bank $36M Flash Loan Attack: Markets Re-Enabled While Asset Borrow Is Paused

<div class=”featured_image_container”> </div> <strong>Following the Cream Iron Bank flash loan attack, preliminary findings of a probe have shown that contracts and markets still function normally. As a result, markets have now been re-enabled while the asset borrowing function has been paused. The Cream team also reveals that investigations are continuing. </strong> The Exploit After the …

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Can banks be their own bank? Deutsche Bank, BNY Mellon plan custody services

As multiple banks prepare crypto custody services, holders now have to flip an old Bitcoin saying on its head: are the banks prepared to be their own (and others’) bank?  Last week BNY Mellon, the oldest bank in the United States, announced they would be providing custody solutions, ceding to pressure from institutional investors. Likewise, …

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Clubhouse is tightening security to address China spying fears

Clubhouse has been garnering hype through its high-profile discussions and a drop-in approach to audio chat, but there are also concerns the Chinese government might eavesdrop on nationals who got the app before it was banned in the country. The developers are promising to protect those users who got through, however. Alpha Exploration told Stanford’s …

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Facebook takes down fake accounts in Uganda and Palestine

Facebook has removed another batch of fake accounts it says were trying to manipulate its platform and influence elections. The company published its latest report on “coordinated inauthentic behavior,” which identified two networks in Uganda and Palestine.  The Uganda network used fake accounts to “manage Pages, impersonate at least one public figure in Uganda, comment …

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