Bitcoin & cryptocurrency news

Crypto.com Revamps 2FA Infrastructure After $34 Million Hack

Reading Time: 2 minutes Crypto.com has seemingly blamed its 2FA infrastructure following a $34 million hack this week Hackers took BTC, Eth and stablecoins from 483 users this week Victims have been refunded and Crypto.com has announced several steps to beef up security Crypto.com has blamed issues with its 2FA infrastructure for this week’s hack, which saw some $34 million stolen from the platform. The post mortem report stated that of the almost 500 victims only a “small number of users” had their funds stolen but these were refunded, while the vast majority were impacted no further than their accounts being accessed. Crypto.com said

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Bitcoin & cryptocurrency news

Chainalysis: Crypto Attacks Still Spearing the Small Guy

Reading Time: 2 minutes Chainalysis has revealed small time victims are still a very lucrative source of income for crypto hackers Large scale crypto hacks may grab headlines, but large sums can still be gained in “spray-and-pray” malware attacks The majority of stolen funds still go to centralized exchanges Chainalysis has revealed that crypto minnows still make up a healthy portion of hackers’ income, despite headline-grabbing exchange hacks continuing. In a preview of its 2022 Crypto Crime Report, Chainalysis reports that unsophisticated attacks are still managing to snag everyday crypto users, with small amounts taken from hundreds of thousands of victims regularly amounting to

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Crypto.com Hacked for $15 Million in ETH

Reading Time: 2 minutes Crypto.com has been hacked and ETH worth $15 million stolen The methodology is not yet known, although users apparently didn’t lose funds Users did however report unauthorized withdrawals CryptoCrypto.com has been hacked for 4,600 ETH worth around $15 million, according to security firm Peckshield. Users began reporting odd behaviour with their accounts yesterday and Crypto.com took swift action to disable withdrawals, but not before the Ethereum haul was extracted by the hackers. Crypto.com insists that no user funds have been taken, which suggests that the hack must have been on the company’s hot wallets, although this doesn’t explain why users

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Bitcoin & cryptocurrency news

North Korea Enjoyed “Prolific” Year of Crypto Hacks

Reading Time: 2 minutes North Korea enjoyed another year of “prolific” hacks according to Chainalysis The blockchain analytics firm found that the regime hacked its was to some $400 million worth of crypto in 2021 The state-backed Lazarus group is thought to still be behind the vast majority of hacks North Korea enjoyed a “prolific” 2021 in terms of cryptocurrency hacks according to blockchain analysis firm Chainalysis, with the regime stealing nearly $400 million last year. The rogue state, which U.S. authorities say sanctions the Lazarus hacking group to carry out the hacks, is thought to still be putting the money towards its weapons

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Bitcoin & cryptocurrency news

How to Protect Your Browser from Crypto Attacks

Reading Time: 2 minutes Hackers are always thinking up new and exotic ways to infiltrate a web browser Cryptojacking, data theft, and more can all be conducted remotely What are the essentials you should be doing to protect yourself while online? Cryptocurrency hackers have been using web browsers to exploit individual users in a variety of ways in recent years, but how can you protect yourself from the tactics currently used by hackers? We discuss the various ways hackers can get to you through your browser and how to help protect against them. Cryptojacking Cryptojacking is a process where a hacker uses a malicious

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Bitcoin & cryptocurrency news

Africrypt Scam Victims Receive First Payouts

Reading Time: 2 minutes The victims of the Africrypt scam have received the first payouts after the company was bought out Africrypt founders claim they were hacked and lost tens of thousands of investors’ bitcoin Little is known about the company that has agreed to buy the debt and resuscitate Africrypt The victims of the Africrypt scam have received their first payouts after the white knight investor, recently revealed to be Pennython Project Management LLC, made good on promise to pay out investors to the tune of 65 cents on the rand. The prospect of an investor buying up what remained of the crypto

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Bitcoin & cryptocurrency news

AscendEX Resumes Operations Following $77 Million Hack

Reading Time: 2 minutes AscendEX users can now deposit and withdraw a number of cryptocurrencies from the exchange AscendEX was hacked last week and $77 million worth of tokens stolen The exchange has kept users informed each step of the way as it recovers AscendEX, the exchange that was hacked last week for $77 million worth of ERC-20, BSC, and Polygon tokens, has begun to open back up after recovering from the attack. AscendEX has re-enabled the withdrawal and depositing of a number of coins on the ERC-20 network with more to follow soon, while revealing that it has completely revamped its hot wallet

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