01 Jul 2022

How North Korea Used Crypto to Hack Its Way Through the Pandemic

North Korea’s economy has been ravaged by United Nations sanctions and the coronavirus pandemic. The government has warned of a severe food shortage. An unidentified intestinal disease began spreading among citizens in June. And yet the country has conducted more missile tests this year than in any previous year. The

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29 Jun 2022

Crypto winter freezes into North Korea`s $2b stolen digital assets

Since the beginning of this year, the cryptocurrency market has been in a tailspin. The current crypto winter may be long and severe. On the other hand, some investors remain hopeful that the tides will turn. The effects of the crypto winter have spread throughout the market, affecting individual and

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23 Jun 2022

NFT, DeFi and crypto hacks abound — Here’s how to double up on wallet security

The explosiveness and high dollar value of nonfungible tokens (NFTs) seem to either distract investors from upping their operational security to avoid exploits, or hackers are simply following the money and using very complex strategies to exploit collectors’ wallets. At least, this was the case for me way back when after

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23 Jun 2022

Web3 Wallets Targeted by Chinese Hackers; “SeaFlower” Using Cloned Websites to Trick Crypto Traders

A hacking group out of China has been identified using a rather low-tech yet effective way to steal money from Web3 wallets: distributing altered versions that have holes programmed into them. The Chinese hackers cloned the distribution sites of legitimate wallets, tricking users into downloading a compromised version. Researchers with

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20 Jun 2022

Inverse Finance exploited again for $1.2M in flash loan oracle attack

Just two months after losing $15.6 million in a price oracle manipulation exploit, Inverse Finance has again been hit with a flash loan exploit that saw the attackers make off with $1.26 million in Tether (USDT) and Wrapped Bitcoin (wBTC). Inverse Finance is an Ethereum-based decentralized finance (DeFi) protocol and a

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20 Jun 2022

Why Hackers Are Winning the Ransomware Game

The threat landscape is in a constant state of flux. While malicious activity is incessant and we know it will continually occur, the methods and the rates of which threat actors target victims continues to morph and ransomware has begun to take center stage. Taking a look back at 2021,

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16 Jun 2022

Security Threat Exposed for Browser-based Crypto Wallets

A number of popular browser-based crypto wallets are vulnerable to hacking under certain conditions, according to new research. Blockchain security firm Halborn found several instances where wallets including Brave, MetaMask and Phantom can be compromised under specific computer conditions — adding yet another wrinkle to traders still reeling from recent high-profile

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16 Jun 2022

FTC Blames Meta for Over Half of all Social Media Crypto Scams

Social media is taking the blame for yet another of the world’s significant problems, as the Federal Trade Commission (FTC) is putting the onus for the $1 billion lost to cryptocurrency scams on the industry. While cryptocurrency has the potential to be a world-changing technology, its unregulated nature has made it

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15 Jun 2022

CipherTrace report shows a decline in illicit activity in the crypto ecosystem

Amid the extreme market conditions, a June 13 report by CipherTrace details positive developments in the crypto ecosystem, suggesting a decline in crypto-related crimes. The report showed increased crypto trade volumes from $4.3 trillion in 2020 to $16 trillion in 2021. The firm claims that this exponential growth is why regulators

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15 Jun 2022

Why the cryptocurrency market crash portends bad times for cybersecurity

Ever since the Luna-Terra stable coin crisis surfaced, the global cryptocurrency market has been on a freefall. To give you an idea of the decline, the global crypto market cap has fallen below the $1 trillion mark and is currently resting at $970 billion. The market cap is expected to

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