Category: cryptocurrency

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North Korean Hackers Steal $1.5B in Cryptocurrency

Posted on By infossl
cryptocurrency, hacking, North Korea, Security technology, theft, Uncategorized

It looks like a very sophisticated attack against the Dubai-based exchange Bybit: Bybit officials disclosed the theft of more than 400,000 ethereum and staked ethereum coins just hours after it occurred. The notification said the digital loot had been stored in a “Multisig Cold Wallet” when, somehow, it was transferred to one of the exchange’s … Read More “North Korean Hackers Steal $1.5B in Cryptocurrency” »

Criminal Gang Physically Assaulting People for Their Cryptocurrency

Posted on By infossl
bitcoin, crime, cryptocurrency, extortion, law enforcement, physical security, Security technology, torture, Uncategorized

This is pretty horrific: …a group of men behind a violent crime spree designed to compel victims to hand over access to their cryptocurrency savings. That announcement and the criminal complaint laying out charges against St. Felix focused largely on a single theft of cryptocurrency from an elderly North Carolina couple, whose home St. Felix … Read More “Criminal Gang Physically Assaulting People for Their Cryptocurrency” »

Breaking a Password Manager

Posted on By infossl
bitcoin, cryptocurrency, passwords, Security technology, Uncategorized

Interesting story of breaking the security of the RoboForm password manager in order to recover a cryptocurrency wallet password. Grand and Bruno spent months reverse engineering the version of the RoboForm program that they thought Michael had used in 2013 and found that the pseudo-random number generator used to generate passwords in that version­and subsequent … Read More “Breaking a Password Manager” »

Using Hacked LastPass Keys to Steal Cryptocurrency

Posted on By infossl
cryptocurrency, operational security, Password Safe, passwords, Security technology, Uncategorized

Remember last November, when hackers broke into the network for LastPass—a password database—and stole password vaults with both encrypted and plaintext data for over 25 million users? Well, they’re now using that data break into crypto wallets and drain them: $35 million and counting, all going into a single wallet. That’s a really profitable hack. … Read More “Using Hacked LastPass Keys to Steal Cryptocurrency” »

North Korea Hacking Cryptocurrency Sites with 3CX Exploit

Posted on By infossl
cryptocurrency, cybersecurity, hacking, malware, North Korea, Security technology, supply chain, Uncategorized, vulnerabilities

News: Researchers at Russian cybersecurity firm Kaspersky today revealed that they identified a small number of cryptocurrency-focused firms as at least some of the victims of the 3CX software supply-chain attack that’s unfolded over the past week. Kaspersky declined to name any of those victim companies, but it notes that they’re based in “western Asia.” … Read More “North Korea Hacking Cryptocurrency Sites with 3CX Exploit” »

Ransomware Payments Are Down

Posted on By infossl
crime, cryptocurrency, cybercrime, extortion, ransomware, Security technology, Uncategorized

Chainalysis reports that worldwide ransomware payments were down in 2022. Ransomware attackers extorted at least $456.8 million from victims in 2022, down from $765.6 million the year before. As always, we have to caveat these findings by noting that the true totals are much higher, as there are cryptocurrency addresses controlled by ransomware attackers that … Read More “Ransomware Payments Are Down” »

Decarbonizing Cryptocurrencies through Taxation

Posted on By infossl
bitcoin, blockchain, courts, cryptocurrency, essays, laws, Security technology, Uncategorized

Maintaining bitcoin and other cryptocurrencies causes about 0.3 percent of global CO2 emissions. That may not sound like a lot, but it’s more than the emissions of Switzerland, Croatia, and Norway combined. As many cryptocurrencies crash and the FTX bankruptcy moves into the litigation stage, regulators are likely to scrutinize the cryptocurrency world more than … Read More “Decarbonizing Cryptocurrencies through Taxation” »