Tag Archives: security

Malta’s financial regulator has issued warnings against two cryptocurrency exchanges that claim to have valid licenses to operate in the country. The nation’s watchdog denied that COINMALEX and Crypto Foxtrades operate under local legislation, and advised potential customers to refrain from using them.MFSA Versus Crypto FoxtradesThe first warning issued by the Malta Financial Services Authority (MFSA) was aimed at an entity operating under the name of Crypto Foxtradex. It’s a cryptocurrency...

TRON and Steemeit have decided to reverse a recent soft fork of the blockchain, which aimed to reduce their ability to sway governance decisions. According to certain reports, this effort was blindly assisted by major cryptocurrencies such as Binance, Huobi, and Poloniex because the tokens held by those exchanges were used by Steemit and TRON to overturn the soft fork while maintaining control over the network.What Happened With Steemit And TRON?As Cryptopotato reported in February, Steemit –...

Today, as of March 2nd, 2020, ThreatFabric, an Amsterdam-based cybersecurity company, has released a report about a new threat to the crypto community, known as the “Cereberus” Trojan virus.According to their report, Cereberus is capable of stealing two-factor authentication codes generated by the Google Authenticator app, which are used to secure online banking and email accounts, as well as cryptocurrency accounts on certain exchanges.Cereberus was first identified in June of last year but...

After revealing it had become insolvent and unable to pay its customers an estimated 13,000 BTC (approximately $115 million at current market price), FCoin exchange has officially announced that they are preparing to restart their operations while promising to make refunds to affected users.  FCoin To Compensate UsersAs per the announcement on the exchange’s support website today, the company’s existing team will make efforts to resume the operation of both the FCoin and FMex websites as soon...

In what could turn out to be one of the most serious SIM-card hacks in history, someone has reportedly stolen $45 million worth of Bitcoin and Bitcoin Cash from a single whale investor.Hacker Gets Away With Reported $45 MillionAccording to a Reddit post from February 22nd, which is now deleted, an investor, who appears to be the founder of Dreamhost, Josh Jones, became the victim of an alleged SIM-swap attack.Popular industry commentator and founding partner at cryptocurrency asset fund...

The drama surrounding the alleged drug dealer who had to forfeit $57 million worth of Bitcoin continues. The Irishman has supposedly lost the private keys for all twelve accounts where he distributed all of his bitcoins. Thus, local authorities cannot access the funds.Not Your Keys, Not Your BitcoinThe Irish High Court ruled Clifton Collins to forfeit $56 million of Bitcoin assets a few days ago, as Cryptopotato reported. The Court decided that he purchased all coins with his drug profits....

Using centralized cryptocurrency trading platforms and custodians comes with a certain amount of risk as investors rely on the expertise of the exchange’s management team. Over the past eleven years since the creation of Bitcoin, there have been many reports of crypto exchanges that have either gone bankrupt or pulled an exit scam, leaving traders in despair and full of regrets. The most recent is the case of the FCoin Exchange.FCoin Announces InsolvencyPerhaps, a project stepping out to say...

The space of Decentralized Finance (DeFi) took a serious hit in the past week as decentralized lending protocol went through two subsequent attacks. The compromised funds amount to a little less than $1 million.The First Attack On bZx – February 14thThe first attack happened on block 9484588, timestamped February 15th, according to the official report from bZx. Per the document, the attack was launched on Valentine’s day on February 14th during ETHDenver. At that time, bZx’s team has been out...

As IOTA continues to investigate and examine the flaws in its native desktop wallet, which led to multiple thefts of users’ funds, the Foundation behind the project said today that they had released a “safe version” of the Trinity Wallet. Trinity Mobile Wallet Not Safe For NowWhile the attack only affected the Trinity Desktop wallet, IOTA, in its warning last week, cautioned users not to open both desktop and mobile wallets until further notice from the Foundation. However, the secure version...

In an attempt to protect users from losing more funds in an ongoing attack, IOTA Foundation has suspended the IOTA distributed network, for the time being, the firm announced late Thursday. The nonprofit advised users to stop using their Trinity Wallets, while also stating that it has temporarily shut down the network’s Coordinator node. It was designed to validate transactions and protect the network against attacks. On their website, the current status of the IOTA mainnet is denoted as “Not...