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KYC for crowdsales was meant to add oversight and legitimacy to a largely unregulated space. Instead it’s left investors susceptible to data breaches, identity theft and blackmail. Given the hazards, it’s understandable that some ICO investors have resorted to buying fake ID. Also read: A BCH Fueled Version of Patreon is Coming This August KYC Has … Read more
Reports have confirmed that Japan has been targeted by cybercriminals using phishing, or illegal acquisition of personal information, to steal cryptocurrencies by sending fake emails to crypto exchange users. Fake emails sent in Japanese language reportedly rose to at least 1,500 by last autumn. Also Read: How Michael Richo Stole Bitcoins via Imposter Exchange Sites and … Read more
Stating that cybercrime is on the rise is rather like saying the world is round. Identifying this well-known fact is no longer any great discovery. But understanding the magnitude of the problem and how it affects us as we use the internet is an important starting point. Earlier this week, the FBI’s Internet Crime Complaint … Read more
Blockchain conference season is here, the industry’s equivalent of Hollywood’s awards season. It’s an opportunity for crypto celebs to tread the red carpet and for everyone from minnows to whales to mingle, network, and learn. But if you’re not careful, it’s also a chance to get your devices pwned and your cryptocurrency swiped. Also read: Xapo … Read more
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 … Read more
Cryptocurrency exchanges have always been a prominent target for hackers and other types of cybercriminals. Those concerns will not be going away anytime soon, considering how successful phishing attempts can be. The latest campaign is targeting Binance users and makes mention of an “ERC20 import event”. Binance Users Beware It is evident the growing popularity of Binance … Read more
We’ve all read the headlines. ICO funding thefts have hardly been low profile. It’s curious, though, that what was labeled by so many as simply a vehicle for criminal misdoings should itself be the target of criminal activity. But as cryptocurrencies grow in value, it’s becoming clear that they’re not going away anytime soon. So, … Read more
Internet users are subject to some major external threats these days. It has become evident that phishing is still one of the biggest concerns to take note of right now. A new report issued by APWG shows that cryptocurrency users are – and will remain – a major target for phishing campaigns. The Future of Phishing … Read more
This week Paypal users reported receiving an official-looking email from Paypal, warning users about “activity [involving] the trading or transfer of crypto currency [sic] which is prohibited under our Acceptable Use Policy,” asking the receiver to “cease any activity that results in the trading or transfer of crypto currency.” Also read: Since Embracing Bitcoin, Robinhood App … Read more
In the wake of Wednesday’s market manipulation incident which caused all kinds of mischief, Binance has issued a hacker bounty. A total of $10 million has been earmarked towards catching hackers and other unscrupulous attackers, with $250,000 offered for information leading to the prosecution of last week’s viacoin pump and dump perpetrators. Also read: Bots Blamed … Read more