The recent incident affecting the IOTA network still leaves many people surplussed. A full incident report has finally come to light, which puts things in their proper perspective. It is rare for a cryptocurrency network to be halted completely. Documenting the IOTA Network Hack This is especially true when it comes to developers causing this situation. In the case of IOTA, the developers decided to take this action following a Trinity wallet issue. Some money has been stolen, albeit the situation could have ended up far worse. In the full report, a lot of details have been provided as to
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Last week Altsbit, a centralized crypto exchange based in Italy, announced that it had been breached, and it would be closing down after losing most of the user funds it held, including BTC, ETH, ARRR, and VRSC. Even though a small part of the funds stored in cold wallets was left untouched, the hack effectively ended the life of the exchange, which was only a few months old. In total, the funds lost included; Bitcoin (BTC): 6,929 lost out of 14,782 held, Ether (ETH): 23,210 lost out of 32,262, Pirate Chain (ARRR): 3,924,082 lost out of 9,619,754, Verus Coin (VRSC): 
Universal 2nd Factor (U2F) is an open standard for strengthening two-factor authentication. It involves the use of a physical key to reinforce 2FA, hardening your online accounts from attack. In this guide, we’ll explain how to use a Yubikey to lock down your exchange account, email account, and other valuable online accounts. Also read: German […]
A new report shows that North Korea-linked Lazarus Group has adapted and evolved new techniques since initial attacks, and are using phony trading platforms linking to Telegram channels which distribute malware, as well as making their malware more stealthy by “adding an authentication mechanism in the macOS,” amongst other tactics. Since the group’s infamous previous […]
The private details of 15 million bank debit cards in Iran have been published on Telegram in the largest banking security incident in the country’s history. Iranian authorities so far try to blame the breach on common criminals but cyber security experts suspect it was the work of intelligence agencies from the U.S. or Israel. […]
Cryptocurrency users around the globe face many different threats. SIM Swaps are perhaps the worst type of attack, yet they continue to occur on a regular basis. Anyone keeping bitcoin or altcoins on an exchange would be better off using a hardware wallet of some sorts. Another SIM Swap Story Pops up Users who rely on exchanges or online wallets are more prone to get targeted by a SIM swap attack. On Reddit, a new post has surfaced documenting such an incident. The Coinbase user in question had his account drained once criminals managed to bypass his two-factor authentication security. 
It has been once again a very remarkable day in the cryptocurrency industry. South Korean exchange Upbit has seemingly misplaced a lot of funds due to a hacker. The news originally started out as a rumor, but was eventually confirmed by the company. Upbit Gets Hacked and Loses Ether In the announcement, Upbit mentions 342,000 Ether have been stolen from the company. All of these funds are transferred to an unknown wallet, and will be tracked on the Ethereum blockchain. To compensate for the losses, Upbit will use its own assets. How long this process will take exactly, has not 
