Andy Greenberg wrote a long article — an excerpt from his new book — on how law enforcement de-anonymized bitcoin transactions to take down a global child porn ring. Within a few years of Bitcoin’s arrival, academic security researchers — and then companies like Chainalysis — began to tear gaping holes in the masks separating … Read More “De-anonymizing Bitcoin” »
Category: cryptocurrency
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Norton 360 can now mine Ethereum. It’s opt-in, and the company keeps 15%. It’s hard to uninstall this option. Powered by WPeMatico
The US has returned $154 million in bitcoins stolen by a Sony employee. However, on December 1, following an investigation in collaboration with Japanese law enforcement authorities, the FBI seized the 3879.16242937 BTC in Ishii’s wallet after obtaining the private key, which made it possible to transfer all the bitcoins to the FBI’s bitcoin wallet. … Read More “Stolen Bitcoins Returned” »
I have long been annoyed that the word “crypto” has been co-opted by the blockchain people, and no longer refers to “cryptography.” I’m not the only one. Powered by WPeMatico
The FBI has issued a bulletin describing a bitcoin variant of a wire fraud scam: As the agency describes it, the scammer will contact their victim and somehow convince them that they need to send money, either with promises of love, further riches, or by impersonating an actual institution like a bank or utility company. … Read More “Wire Fraud Scam Upgraded with Bitcoin” »
The Squid Game cryptocurrency was a complete scam: The SQUID cryptocurrency peaked at a price of $2,861 before plummeting to $0 around 5:40 a.m. ET., according to the website CoinMarketCap. This kind of theft, commonly called a “rug pull” by crypto investors, happens when the creators of the crypto quickly cash out their coins for … Read More “Friday Squid Blogging: Squid Game Cryptocurrency Was a Scam” »
In what maybe peak hype, Squid Game has its own cryptocurrency. Not in the fictional show, but in real life. As usual, you can also use this squid post to talk about the security stories in the news that I haven’t covered. Read my blog posting guidelines here. Powered by WPeMatico
Good article about the current state of cryptocurrency forensics. Powered by WPeMatico
Ransomware isn’t new; the idea dates back to 1986 with the “Brain” computer virus. Now, it’s become the criminal business model of the internet for two reasons. The first is the realization that no one values data more than its original owner, and it makes more sense to ransom it back to them — sometimes … Read More “Disrupting Ransomware by Disrupting Bitcoin” »
The person behind the Bitcoin Fog was identified and arrested. Bitcoin Fog was an anonymization service: for a fee, it mixed a bunch of people’s bitcoins up so that it was hard to figure out where any individual coins came from. It ran for ten years. Identifying the person behind Bitcoin Fog serves as an … Read More “Identifying the Person Behind Bitcoin Fog” »