Crypto-hunting hackers have stolen more than $22 million from the users of Electrum, a popular Bitcoin wallet, in the past two years using a “simple technique” involving fake updates, as per a ZDNet r...
For many, yield farming has been a profitable activity: there have been stories of users turning small accounts into a large amount of capital, simply by swapping from projects like Yam Finance and SushiSwap. But, for some, it's been rather unprofitable. Alex Manuskin, a researcher at crypto wallet startup ZenGo, recently...
Victims of the infamous Mt. Gox hack in 2014 are set to receive a record 150,000 Bitcoin reimbursement in the coming months. But that may cause selling pressure as some might cash out their gains. A brief Mt. Gox story As a brief background, the Japan-based Mt. Gox was once the largest crypto exchange on the planet:...
A recent vulnerability in privacy browser Tor allowed hackers to access users’ Bitcoin funds but using additional features can help avoid those concerns, according to one cybersecurity researcher. Activate encryption Tim Ismilyaev, the CEO and founder of international enterprise security firm...
Late last week, KuCoin, a notable Singapore-based exchange known for its large offering of altcoins, bit the dust. Blockchain analysts recorded a series of suspicious withdrawals from the company's hot wallets that suggested the crypto exchange was hacked. Around eight hours after the withdrawals, it was revealed that a hack had happened, through which millions were lost in...
The bad actors behind the estimated $150-$200 million hack of crypto exchange KuCoin managed to proven two aspects of the young market in their wake: 1. Cryptocurrencies are susceptible to hacks on even the best exchanges, and 2. True decentralization isn’t around just yet....
Ethereum Classic (ETC) Labs — the code maintainer and non-profit behind the Ethereum fork — announced its partnership with two cybersecurity firms to prevent the repeated 51% attacks that the Ethereum Classic network suffers from. Repowering Ethereum Classic In a blog post, the ETC Labs said the ETC Core Dev Team...
This article originally appeared in our Weekly Bits newsletter. If you want our news and analysis before anyone else, make sure you subscribe now! As I prepared to send this newsletter out last week, something strange happened. In the afternoon of July 15, a colleague alerted a Bitcoin Magazine Slack channel that the Twitter accounts for major cryptocurrency exchange Binance and its...
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