hot wallet News

The complex onboarding process is a major hurdle for reaching the first billion crypto users, industry watchers told Cointelegraph.

The Ethereum co-founder also proposed changes to ease transfers among layer-2 scaling networks.

The AMOS stealer targeting Mac users can now clone Ledger Live software and may soon clone other wallet apps, warns cybersecurity firm Moonlock.

According to a recent Chainalysis report, thefts resulting from crypto hacks and exploits have totaled $1.58 billion in 2024.

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Cointelegraph sat down with Trust Wallet CEO Eowyn Chen to talk about how Web3 can become a better experience for everyone.

The Estonia-based firm noted that only one plaintiff in the class action lawsuit is actually based in Colorado, where the suit was filed.

Blockchain security firm CertiK believes the $2.4 million draining of a CoinSpot hot wallet is likely the result of a “private key compromise.”

The proposal would affect retail transactions carried out from crypto wallets, but not crypto trading.

The hacker’s wallet, with over $100,000 worth of USDT, was blacklisted and frozen, while the victim had been drained of almost $170,000 worth of NFTs and other assets.

A series of attacks drained the wallets of BTC users by exploiting a faulty random seed generation algorithm.

Fireblocks said the vulnerabilities affecting Coinbase, Binance and Zengo have since been fixed and has reached out to more than 12 others still at risk.

Cybersecurity certification platform CER said the vast majority of wallets do not hire outside experts to perform penetration tests.

Bitrue executives promised to fully compensate all the identified users affected by the hot wallet hack that accounted for 5% of all funds on the exchange.