Cybersecurity certification platform CER said the vast majority of wallets do not hire outside experts to perform penetration tests.
Category: Wallet Security
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Vitalik Buterin: Ethereum ‘fails’ without these 3 important ‘transitions’
Layer-2 scaling, wallet security and privacy-preserving features are all necessary to secure Ethereum’s future, according to the Ethereum co-founder.
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Phishing Attack on MyEtherWallet Steals $150,000 From Wallet Users
MyEtherWallet users are in an uproar after approximately 250 ETH, around $150,000 worth, went missing since a Domain Name System (DNS) server attack began Tuesday at noon, redirecting visitors to a phishing site. Kosala Hemachandra, Founder and CEO of MyEtherWallet, released this comment fifteen minutes after the attack: This redirecting of DNS servers is a decade-old hacking technique that aims to undermine the Internet’s routing system. It can happen to any organization, including large banks. This is not due to a lack of security on the @myetherwallet platform. It is due to hackers finding vulnerabilities in public-facing DNS servers. A majority of those affectedPowered by WPeMatico
CryptoHex Makes Secure Cryptocurrency Storage Affordable
There is clearly a growing demand for safe storage solutions when it comes to cryptocurrencies. CryptoHex is attempting to make a positive impact in this regard, as it is a stainless steel rod which can be used in conjunction with hardware and BIP39 HD wallets alike. CryptoHex Explained When it comes to making proper backups of cryptocurrency wallets, there is still a lot of work to be done. It has become evident that a lot of users still rely on pen-and-paper solutions, which are anything but safe. While a lot of users are flocking to hardware wallets such as Ledger andPowered by WPeMatico