In an unprecedented move to showcase the robustness of its security model, Zengo Wallet has thrown down the gauntlet to hackers across the globe with an on-chain bounty worth 10 Bitcoin (BTC). The challenge not only tests the wallet’s defenses but also stands as a testament to the company’s confidence in their technology. Challenge Commences […]
The new year has barely begun, and the cryptocurrency industry is already facing a wave of security breaches with over $97 million stolen in a series of high-profile attacks. These incidents have raised serious concerns about the security measures of various platforms and the growing sophistication of cybercriminals. Gamma Heist: Over $3M in Digital Assets […]
In a year marked by significant digital threats, North Korean cybercriminals continued their notorious streak of cryptocurrency heists, siphoning off a staggering $600 million from various platforms. The year 2023 saw these state-sponsored hackers, including the infamous Lazarus Group, execute sophisticated cyber operations, which, although representing a decrease from 2022’s $850 million haul, underscored the […]
In recent times, the social media platform X, formerly known as Twitter, has seen a surge in cryptocurrency scams targeting verified accounts. These accounts, marked by ‘gold’ and ‘grey’ checkmarks, signify official organizations and government entities, respectively, and are generally trusted by the platform’s users. Despite security measures like two-factor authentication, hackers have managed to […]
The year 2023 has been a roller coaster ride for the cryptocurrency industry, with numerous security breaches shaking the confidence of investors and users alike. As the digital asset space continues to evolve, so do the tactics of cybercriminals, leading to substantial financial losses. Mixin Network’s $200 Million Blow Mixin Network, a decentralized network designed […]
The digital currency landscape is currently facing an unprecedented threat level as sophisticated phishing attacks become increasingly prevalent, targeting unsuspecting cryptocurrency users with devastating efficiency. These attacks, characterized by the use of crypto drainers, are not only escalating in frequency but also in complexity, leaving a trail of financial ruin for many in the crypto […]
In a startling revelation for the decentralized autonomous organization (DAO) community, Samudai, a blockchain project, has experienced a significant security breach. The DAO’s multisig wallets, including the personal wallet of its founder, Kushagra Agrawal, were compromised, leading to the loss of $1.25 million in funds. The exploit was initially flagged by onlookers observing a suspicious […]
Cryptocurrency wallets have long been the linchpin of managing and securing digital assets. They are the gatekeepers of private keys that authorize transactions and access to one’s cryptocurrency holdings. With the advent of Bitcoin and subsequent cryptocurrencies, the sanctity of wallet security has been paramount. However, recent revelations have cast a shadow over the integrity […]
In the ever-evolving digital age, cryptocurrencies have emerged as a prominent form of digital asset, offering a new paradigm of financial freedom and investment opportunities. However, the decentralized nature of cryptocurrencies also brings about unique security challenges. As digital wealth grows, the importance of cryptocurrency wallet security becomes paramount to protect your investments from theft, […]
TL;DR Your crypto should be kept safe, in cold wallets if possible, no matter if you are buying, hodl’ing, investing, or both. In the vast majority cases, losing your tokens and coins is permanent and irreversible. Use centralized exchanges that have KYC and AML compliance if you want to trade cryptocurrency. The best security is […]