14 Jun 2022

Combating Crypto Breaches: Smart Cybersecurity Practices You Should Know

Investing in crypto requires strong defenses against security breaches. These tactics can help keep your funds safe.  As of 2022, one in five Americans has invested in or traded some form of cryptocurrency. Popular coins like Bitcoin are increasingly finding their way into mainstream payment methods accepted at everyday stores, both

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13 Jun 2022

Gemini Sued by IRA Financial Over $36M Hack

Gemini is being sued for allegedly providing IRA Financial an onboarding system with a single point of failure, which allowed the theft of $36 million in IRA customer money. The exchange is also accused on failing to freeze accounts with sufficient rapidity. IRA Financial Trust (IRA) is suing Gemini over the

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13 Jun 2022

Decentralized Crypto Exchange Offline After Hacker Steals $113M

Hackers found a flaw in a decentralized crypto exchange and exploited it to steal an estimated $113 million. On Sunday, the founder and CEO of Maiar—a decentralized exchange (DEX) that bills itself as “the future of money”—and the Elrond blockchain that it runs on, wrote on Twitter that he and his

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13 Jun 2022

What’s the catalyst behind the crypto crash?

The web3 market is a mess. There’s enough going on that it will take us a moment to unpack the situation this morning, but leading indicators of sentiment in the blockchain ecosystem are sufficiently nasty to set the stage: Bitcoin is off around 13% in the last 24 hours to

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13 Jun 2022

How do Cryptocurrencies Affect Cybersecurity?

The digitization of our world is continuing at an accelerating pace. More and more of our lives and our economy are moving online. Even our money is increasingly digital. We use credit cards and bank transfers to make most of our purchases and electronic wallets to store our money. With

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10 Jun 2022

Phishing, fake landing pages and emails from your boss: How crooks are targeting your crypto

Cyber criminals are sending out millions of phishing emails a day, using extortion and other schemes to steal Bitcoin and other cryptocurrencies from victims. The phishing attacks use a variety of techniques to trick people into transferring sums of Bitcoin, including phony requests for charity donations and business email compromise

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10 Jun 2022

Regulators Rush to Become “Crypto-Friendly”

Regulation might seem anathema to cryptocurrencies, whose entire raison d’être is to circumvent the power of governments and banks to control how people use their money. But as the technology pushes into the mainstream, there’s a growing sense new rules are both necessary and even beneficial, leading to a boom

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09 Jun 2022

Beware: The companies that hold your crypto aren’t insured the way banks are

The latest “crypto winter,” which sent the values of Bitcoin and other digital currencies plummeting, served as a healthy reminder that cryptocurrencies are highly risky investments. But that risk is by no means limited to price volatility. Should the company holding your crypto assets declare bankruptcy or otherwise be unable to

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09 Jun 2022

Crypto has entered a bear market in 2022. Here’s how cybercrime and NFT swindles have helped fuel the downturn.

After the digital asset boom in 2021, the market has reversed course this year as investors shed positions in cryptocurrencies and NFTs amid a broader bear market and a slate of high-profile cyber-attacks in the sector. The crypto market has cratered from its peak valuation of $3 trillion in November

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06 Jun 2022

How crypto giant Binance became a hub for hackers, fraudsters and drug traffickers

In September 2020, a North Korean hacking group known as Lazarus broke into a small Slovakian crypto exchange and stole virtual currency worth some $5.4 million. It was one of a string of cyber heists by Lazarus that Washington said were aimed at funding North Korea’s nuclear weapons programme. Several hours

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