Security

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Cream Iron Bank Flash Loan Attack: Markets Re-Enabled While Asset Borrow Is Paused

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Following the Cream Iron Bank flash loan attack, preliminary findings of a probe have shown that contracts and markets still function normally. As a result, markets have now been re-enabled while the asset borrowing function has been paused. The Cream team also reveals that investigations are continuing. The Exploit After the exploit, the value of … Read more

UN Report: North Korea Stockpiles $316 Million in Cryptocurrencies From Cyberattacks

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A panel of experts at the United Nations says that North Korea has amassed $316 million in cryptocurrencies from various cyberattacks on crypto exchanges and financial institutions. The panel also investigated North Korea’s involvement in the $281 million hack of a crypto exchange. UN Expert Panel Sheds Light on North Korea’s Cyberattack Activities A United … Read more

Expert warns Hackers are Targeting Russian Government’s IT Infrastructure to Mine Cryptocurrencies

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A state-affiliate cybersecurity expert warned about hackers exploiting the Russian government’s IT facilities to mine cryptocurrencies. The deputy director of the National Coordination Center for Computer Incidents believes such threat actors have been very active in recent times. Global Cybersecurity Landscape Remains ‘Tense’ According to TASS, Nikolai Murashov pointed out that hackers managed to inject … Read more

German Authorities Can’t Access Bitcoins Worth $65 Million ‘Seized’ From Hacker

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German authorities have been unable to gain access to more than 1,700 bitcoins belonging to a convicted hacker, who kept silent about how to access his crypto stash while serving his prison sentence. German prosecutors in the Bavarian town of Kempten said Friday that they have been unable to gain access to more than 1,700 … Read more

International Operation Disrupts Ransomware Group Netwalker by Tracing Cryptos With the Help of Blockchain Analysis

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In collaboration with Bulgarian authorities, the U.S. Department of Justice (DOJ) disrupted a well-known ransomware gang’s infrastructure. Law enforcement seized their servers and traced the illicit funds with the help of blockchain forensic analytics via Chainalysis. US Authorities Seized Over $454,000 Worth of Cryptocurrencies Per the U.S. Department of Justice’s announcement, the coordinated action took … Read more

Study: 60% of Digital Asset Holders Store Funds on Exchanges While Half Derive an Income From Crypto

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Despite the risks that come with storing crypto assets with third parties, the findings of a new study suggest many cryptocurrency holders still trust exchanges with the safekeeping of their funds. Conducted by Binance Research, the study finds that 60% of “the general population store their cryptocurrencies on an exchange.” In contrast, 26% of the … Read more

Network-Attached Storage (NAS) Devices Infected by Bitcoin-Mining Malware

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A Taiwanese hardware company has warned its clients about a targeted crypto mining attack against their storage devices. The malware infects NAS devices connected to the internet by installing a crypto-miner named Dovecat. Threat Actors Install Malware That Illicitly Mines Bitcoin According to the advisory revealed by Bleeping Computer, the malware mines bitcoin (BTC) on … Read more