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Alena Vranova, previously co-founder of Trezor, has announced the launch of GLOK, a new security service aimed at protecting bitcoin users amid rising threats such as kidnappings and ransomware attacks. GLOK offers a private geolocation app that allows users to send distress alerts to a predefined list of contacts while prioritizing user privacy and data … Read more
Cryptocurrency exchange BigONE confirmed a $27 million loss from a third-party attack on its hot wallet on July 16. Exchange Details Swift Response and User Reimbursement Cryptocurrency exchange BigONE confirmed a security incident in the early hours of July 16, revealing that a third-party attack targeting its hot wallet resulted in an estimated loss of … Read more
North Korean hacking groups are developing new methods to target Web3 companies, including some aimed at infecting Apple systems. Additionally, the use of social engineering is becoming more prevalent in these attacks, highlighting the level of preparation involved in these operations. North Korean Hackers’ New Methods: Nim Malware and Clickfix Hackers groups from North Korea … Read more
The tech giant has achieved a 20-fold reduction in the computing resources required to break modern cryptographic algorithms, such as Rivest-Shamir-Adleman (RSA). NYDIG Warns: Google’s Quantum Research Could Endanger Bitcoin Bitcoin innovation firm New York Digital Investment Group (NYDIG) published an article on Friday discussing Google’s recent quantum computing breakthrough capable of breaking RSA encryption … Read more
The recent data breach compromising 16 billion login credentials has raised questions about the relevance of passwords. Some experts argue it’s time to abandon reliance on centralized databases and embrace a privacy-first mindset that leverages decentralization. Call For Shift to ‘Privacy-First’ Mindset The bombshell revelation of a massive data breach, compromising 16 billion login credentials, … Read more
A colossal breach exposing 16 billion login credentials ignites global cybersecurity fears as criminals gain unprecedented access to personal accounts, corporate systems, and government networks. 16 Billion Login Credentials Leaked: Global Systems Brace For Relentless Exploitation A staggering new breach has exposed billions of login credentials, serving as a stark warning to individuals and organizations … Read more
Threat Fabric’s Mobile Threat Intelligence (MTI) team has warned cryptocurrency users about a new variant of the Crocodilus mobile malware, now equipped with an automated seed phrase collector. Malware Features Seed-Phrase-Collecting Parser The Mobile Threat Intelligence (MTI) team at Threat Fabric has issued a warning to cryptocurrency users about a new variant of mobile malware, … Read more
Consensys has announced the acquisition of Web3auth, a provider of key management and embedded wallet infrastructure, aimed at enhancing the user experience and security of its Metamask wallet. According to Consensys this acquisition addresses significant risks associated with seed phrase management, as recent data indicates that 35% of users do not back up their seed … Read more
Insurance companies are considering the launch of kidnap and ransom policies aimed at wealthy cryptocurrency holders, driven by increasing concerns over kidnappings of crypto entrepreneurs. K&R Insurance for Crypto Holders U.S. insurance companies are reportedly contemplating launching products specifically for wealthy cryptocurrency holders. The insurers hope these products, known as “kidnap and ransom (K&R) policies,” … Read more
Cryptocurrency exchange MEXC reported a significant 200% increase in coordinated fraudulent trading activity in the first quarter of 2025. Most fraudulent activity is concentrated in Asia, with India accounting for nearly 27,000 or 33% of flagged accounts. Fraudulent Activity Concentrated in Asia Cryptocurrency exchange MEXC reported a sharp, 200% increase in coordinated fraudulent trading activity … Read more
