The Outlaw hacking group has remerged after months of quiet with an upgraded toolset designed for data theft and for plundering enterprise resources in the quest for cryptocurrency. Outlaw, first spotted back in 2018, is a threat group that has been in testing and malware development stages over the past year. In June 2019, researchers from Trend […]
It now costs just north of $21 million per day to sustain a 51% attack on the Bitcoin network for a whole day, according to data from Messari Pro. As it stands, this cost makes Bitcoin almost eight times more expensive to attack than Ethereum, which would set you back almost $2.7 million to attack […]
The Bitcoin Gold (BTG) blockchain has suffered a 51% attack resulting in over $70,000 worth of BTG being double spent. According to a GitHub post by James Lovejoy, a researcher at MIT’s Digital Currency Initiative, the hard-fork of Bitcoin was hit by two deep reorganizations of over 10 blocks on Jan. 23 and 24.A 51% […]
The cryptocurrency industry is unfortunately rife with scams and hackers looking to steal your hard-earned crypto coins.A variety of tactics are used by hackers and their methods are improving every day.The most common strategies adopted by scammers include financial pyramid schemes, exchanges targeting exit scams, fake web and hardware wallets, and even Ponzi schemes.In order […]
The Foin project — which is behind the eponymous token that sunk following its supposed unlocking period at the beginning of January — has released an official explanation of the token’s tanking after the purported price pump.Cointelegraph reported in an investigation on Dec. 30, 2019 that we had found a trail of suspicious movements in […]
Hackers have last year earned a total of $968,504 via bug bounty programs launched by cryptocurrency and blockchain firms via the HackerOne platform.According to data shared with TheBlock, hackers have managed to earn the near $1 million figure thanks to bug bounties from major cryptocurrency businesses like Coinbase, Ripple, and Block.one. These pay hackers to […]
Cryptocurrency analytics firm CipherTrace has launched “Defenders League,” a program designed to provide students with the training and tools necessary to investigate crypto-related scams. On Jan. 13 CipherTrace announced partnerships with the Middlebury Institute of International Studies at Monterey, Middlesex University London, and the Blockchain Acceleration Foundation (BAF). The Defenders League will initially consist of graduate […]
A Google Chrome extension was caught injecting JavaScript code on web pages to steal passwords and private keys from cryptocurrency wallets and cryptocurrency portals.The extension is named Shitcoin Wallet (Chrome extension ID: ckkgmccefffnbbalkmbbgebbojjogffn), and was launched last month, on December 9.According to an introductory blog post, Shitcoin Wallet lets users manage Ether (ETH) coins, but […]
A 19-year old man has been indicted for identity theft as part of an alleged $1+ million cryptocurrency heist affecting at least 75 victims in the United States. A news release published on Dec. 18 by Manhattan District Attorney Cyrus R. Vance alleged that Yousef Selassie, 19, conducted a complex “SIM-swapping” scheme targeting residents across 20 […]
The operators of a cryptocurrency-mining botnet are currently using an image of pop singer Taylor Swift to hide malware payloads they send to infected computers — as part of their normal infection chain.The name of the botnet is MyKingz, also known as Smominru, DarkCloud, or Hexmen, depending on the cyber-security firm whose report you’re reading.A […]
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