Security

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New Monero Mining Malware Sends Proceeds to Kim Il Sung University, North Korea

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The code for a new Monero mining bot has been found to direct its ill-gotten gains to a computer server located at the first academic institute ever built in North Korea, Kim Il-sung University. Also Read: US Blames Bitcoin Ransomware Attack Wannacry on North Korea Malware University, North Korea Cyber security solutions developer Alienvault revealed … Read more

Electrum Moves to Patch Bug That Left Thousands of Bitcoin Wallets Exposed

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Popular wallet developer Electrum has issued an emergency patch for a critical bug in its bitcoin wallets. The flaw allowed any website hosting the Electrum wallet to potentially steal the user’s cryptocurrency. A vulnerability meant that passwords were exposed in the JSONRPC interface, granting hackers complete control of the wallet. The first patch failed to … Read more

Man’s Life Savings Stolen from Hardware Wallet Supplied by a Reseller

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Hardware wallets are regarded as one of the safest means of storing bitcoin and other cryptocurrencies. Each device grants the holder possession of their private keys and adds a PIN code plus other tamer-proof tech for enhanced security. Hardware wallets are not impregnable, however, as one British man found to his peril after purchasing the … Read more