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Tag Archives: security

Trezor Releases a Firmware Update to Patch a Possible Vulenrability With Segwit Transactions

Trezor, the company offering hardware cryptocurrency wallets, announced a firmware update 1.9.1 for Trezor One and 2.3.1 for Trezor Model T devices. The introduction of the upgrades will fix a security vulnerability regarding SegWit transactions discovered three months ago.The Vulnerability In QuestionAs today’s blog post from the company explains, Trezor requires the previous transaction for non-SegWit transactions to check the UTXO’s real balance. By doing so, the firm ultimately reassures...

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Hacked Crypto Exchange Coincheck Confirms Sensitive Data Breach, Funds are SAFU For Now

Popular Japanese cryptocurrency exchange Coincheck informed that it became a victim of a data breach a few days ago. While the company said that all customer funds are safe, the perpetrators may have gathered users’ personal information and emails.Unauthorized Breach At CoincheckAccording to the statement from the Japanese platform, “a third party” had accessed its domain registration service during the period from May 31st to June 1st, 2020. The perpetrators changed the domain registration...

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Beware: Scam Facebook Ads Use Fake Forbes Cryptocurrency Articles

A European civil society organization promoting digital rights has issued warnings regarding new cryptocurrency-related scams. By impersonating reputable websites and running fake advertisements on Facebook, the scammers are duping victims to provide personal data and to invest in unexisting digital asset projects.Fake Cryptocurrency Investment OpportunitiesThe North Macedonia-based Metamorphosis Foundation – a member of the European Digital Rights (EDRI) network – reported today that fake...

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This Is How I Lost $1,200 Worth of Ethereum (ETH) In 100 Seconds: A Tale of a Costly Mistake

An interesting and certainly education Reddit thread surfaced today, showing the importance of being extra careful when it comes to dealing with sensitive cryptocurrency information online. A user lost $1,200 worth of ETH in a matter of seconds after accidentally leaving his mnemonic phrases on GitHub.For clarity, a mnemonic phrase or backup seed, as it is sometimes called, is a readable 12-word phrase that is used to represent the private keys of a crypto wallet. $1,200 Stolen In 100...

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$1.8 Million Cryptocurrency Lawsuit Against AT&T Will Move Forward, Judge Rules

The American telecommunication company AT&T received a blow this week, as a US judge rejected a motion to dismiss a lawsuit against the firm. Last year, a California resident filed a complaint alleging AT&T of wittingly assisting hackers in a SIM Swap attack that robbed him of 1.8m worth of various cryptocurrencies.AT&T’s Motion RejectedSeth Shapiro filed a complaint last year against the large telecommunication company. It claimed that employees from AT&T had helped hackers...

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Madonna And Lady Gaga’s Law Firm Hacked By Bitcoin-Demanding Cybercriminals

A recent report indicated that the hacker group known as REvil (or Sodinokibi) had attacked the website of a New York-based law firm representing famous individuals such as Sir Elton John, Madonna, and Lady Gaga.Interestingly, the group recently announced switching from Bitcoin to Monero as the primary method of ransom payments.REvil Hacks A Law FirmThe BBC report revealed that REvil has taken down the website of the New York law firm called Grubman Shire Meiselas & Sacks. The group...

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DeFi Protocol dForce That Lost $25 Million To An Attack Refunds All Of Its Users

The recent attack on the popular Chinese decentralized finance (DeFi) protocol, dForce, may have come to a happy end for customers. The company explained that over 90% of all assets had been distributed back to users in less than 24 hours.dForce Made Whole Its UsersAs Cryptopotato reported last week, an unknown attacker exploited the Chinese DeFi protocol dForce Network. By hacking its lending solution, Lendf.Me, the perpetrator managed to dramatically reduce the total value locked (TVL) in...

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Monero-Mining Crypto Botnet ‘VictoryGate’ Affecting At Least 35,000 Computers Taken Down

The Slovak cybersecurity firm ESET has identified and taken down at least a part of a cryptocurrency-mining botnet dubbed VictoryGate. The previously undocumented botnet has been active for almost a year and had supposedly infected more than 35,000 computers.Crypto-Mining Botnet Malicious EndeavorsIn its recent press release, the Bratislava-headquartered internet security company announced working together with the nonprofit Shadowserver Foundation to discover and disrupt “at least a portion...

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Following 300% Monthly Surge, DigiByte Speculation Around Possibility Of 51% Attack

DigiByte caught the public’s attention in April as its price increased by as much as 300% throughout the month. However, a recent report indicates that an unknown entity has begun monopolizing two pools of DigiByte’s five consensus algorithms and that it could, theoretically, pull off a 51% attack on the network relatively easy.DigiByte’s Reported VulnerabilityAccording to a detailed analysis posted on Reddit, an unknown entity is using superior mining hardware and is beginning to monopolize...

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iPhone Crypto Users At Risk From Multiple Vulnerability Attacks On The iOS Mail App

ZecOps, a cybersecurity company based in San Francisco, announced today that it had identified two zero-day vulnerabilities impacting the Mail App on iOS, putting Apple users at risk of email theft.One of the exploits, according to the firm, allows attackers to remotely infect Apple’s iPhones and iPads by sending a special zero-click email to the victim’s mailbox to trigger the vulnerability. The other one requires remote code execution capabilities to trigger it.Once the vulnerabilities are...

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