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The hacker’s wallet with more than $100K worth of USDT was blacklisted and frozen, while the Victim had been drained for almost $170K worth of NFTs and other assets. Go to Source
Ledger’s “Recover” service may be concerning, but some crypto industry participants think the feature may onboard new users while helping crypto natives. Go to Source Powered by WPeMatico
Ledger Recover is an OTA firmware update, which would allow users to back up their seed phrases by third-party entities only if a user chooses to opt-in to the new service. Go to Source Powered by WPeMatico
Ledger’s latest update — aimed at making private seed phrases on its wallets recoverable — was simply an attempt to innovate and improve user security. Go to Source Powered by WPeMatico
If the words of a 12-word seed phrase are known, it’s deceptively easy to enter the wallet and sweep the funds. Go to Source Powered by WPeMatico
The co-founder of Webaverse said they somehow got their crypto hacked from their Trust Wallet during a meeting with two people claiming to be investors. Go to Source Powered by WPeMatico
Lead on-chain analyst at Glassnode, James Check, explains why taking self-custody of your private keys has become more important than ever and how to do it in a few simple steps. Go to Source Powered by WPeMatico
A viral video making rounds on Twitter showed two police officers searching a suspect’s car and coming across pieces of paper, one of which contained seed phrases. Go to Source Powered by WPeMatico
Changpeng Zhao’s comments come as billions of dollars of stablecoins continue to flow out of the Binance exchange. Go to Source Powered by WPeMatico