A malicious Firefox add-on named "Safepal Wallet" scammed users by emptying out their wallets and lived on the Mozilla add-ons site for seven months. Safepal is a cryptocurrency wallet application capable of securely holding more than 10,000 types of assets, including Bitcoin, Ethereum, and Litecoin. Although the malicious browser add-on has been taken down, BleepingComputer has seen the phishing website set up by the threat actors is still up.
More on Bleeping Computer• 2021-09-27
Like many people, Mr Goxx is dabbling in cryptocurrency, hoping to strike it rich. He's notable for two reasons: first, he is making money, with his lifetime career performance up about 20% - beating many professional traders and funds. Second, Mr Goxx is a hamster. The business-minded rodent has a trading office attached to his regular cage. Every day, when he enters the office, a livestream starts on Twitch, and his Twitter account lets followers know: Mr Goxx has started a trading session.
More on BBC• 2021-09-27
China's central bank reiterated its stance on cryptocurrency on Friday, releasing a memo that banned cryptocurrency transactions and made it illegal for overseas exchanges to provide services to people in China. "Virtual currency-related business activities are illegal financial activities," the People's Bank of China said in a notice posted to its website on Friday afternoon. They slammed cryptocurrency for "disrupting economic and financial order" and facilitating "illegal and criminal activities" like gambling, fraud, pyramid schemes, money laundering and theft.
More on ZDNet• 2021-09-24
The U.S. Treasury Department on Tuesday imposed sanctions on Russian cryptocurrency exchange Suex for helping facilitate and launder transactions from at least eight ransomware variants as part of the government's efforts to crack down on a surge in ransomware incidents and make it difficult for bad actors to profit from such attacks using digital currencies. "Virtual currency exchanges such as SUEX are critical to the profitability of ransomware attacks, which help fund additional cybercriminal activity," the department said in a press release. "Analysis of known SUEX transactions shows that over 40% of SUEX's known transaction history is associated with illicit actors.
More on The Hacker News• 2021-09-22
Coinbase, the world's second-largest cryptocurrency exchange with approximately 68 million users from over 100 countries, has scared a significant amount of its users with erroneous 2FA warnings. As the crypto exchange revealed over the weekend in a Twitter thread, it accidentally alerted roughly 125,000 customers that their 2FA settings had have been changed on August 28, between 1:45 pm PST and 3:07 pm PST. In a Friday incident report, Coinbase explained that the notifications were sent in error and that customers are not required to take any action to restore their 2FA settings. "We are aware a large number of customers have received notifications (email/SMS) that 2FA settings were changed. This appears to have been sent in error. We are still investigating why this message was sent, but no action is required at this time," Coinbase said.
More on Bleeping Computer• 2021-08-31
Lately, it has been a turbulence-filled time for Poly Networks. The company creates software to handle the exchange between different blockchains for cryptocurrencies and other commodities. The company announced last week, by leveraging its security weaknesses, that a fraudster took hundreds of millions of dollars off its network in digital tokens, worth $600 million (roughly Rs 4,462 crores). But the same company has offered a Chief Security Advisor job role plus a sum of $500,000 to the crypto hacker involved in the heist that reaped over $600 million (roughly Rs 4,462 crores) last week. The criminal has started handing back digital money – and at least $260m of tokens were repaid after Poly Network encouraged netizens, crypto-exchanges, and miners to disallow the transactions containing the wallet credentials of the criminal. The business claimed that they have maintained communication with the suspect, known as Mr. White Hat.
More on E Hacking News• 2021-08-21
Halving is an anti-inflation mechanism implemented, in the Bitcoin network. As the name suggests a reduction in the supply of new coins is cut by half (50%).
This causes BTC inflation to fall cyclically.
It takes place whenever 210,000 blocks have been mined which is roughly around once every 4 years.
Current mining rewards are 6.25 bitcoins.
Bitcoin: A Peer-to-Peer Electronic Cash System