Security News

One of the most common questions pertain to the security of cryptocurrencies and if they are more secure than ordinary money. Cryptocurrency security is often promised to be pretty strong, but news about cryptocurrency security indicate quite the opposite. Thefts are executed in a lot of different ways. All the largest thefts happened after cryptocurrency exchanges are hacked, including famous cases like Mt. Gox, with $350 million of Bitcoin stolen, and the Coincheck hack, with $400 million of NEM tokens stolen. Cryptocurrency security is also vulnerable within its own blockchain, the best example of which happened with The Dao event that led to the theft of $50 million ETH. Thefts can also happen in more traditional ways, such as getting access to a user’s private wallet key, physically forcing user to send funds to some account or using different fraud schemes that make users lose their money.

News
A SIM card attack reportedly sees a total of $45 million stolen, while the consequences for Bitcoin Cash will be severe, warns Dovey Wan.
Bitcoin Cash Faces ‘Slow Death’ After Alleged $30M Hack — Commentator
William Suberg
2020-02-22T09:18:00+00:00
12483
Sponsored
A new crypto exchange says it is one of the first in the world to fully comply with the Financial Action Task Force’s travel rule.
Exchange Says It’s One of the First Worldwide to Comply With Travel Rule
Connor Blenkinsop
2020-02-21T16:29:00+00:00
1275
News
The IOTA Foundation is strongly recommending users of its official wallet to immediately change their passwords.
IOTA Urges Trinity Wallet Users to Use Seed Migration Tool
Turner Wright
2020-02-21T04:46:00+00:00
3041
Analysis
Partnerships, deanonymization and transaction pattern analysis: What else do international police use to detect crypto cybercriminals?
Law Enforcement’s Guide to Policing Crypto Cybercrimes
Julia Magas
2020-02-19T03:00:00+00:00
2520
News
Following a hack of IOTA official wallet on Feb. 12, the IOTA Foundation has released what it is calling a safe desktop version of the Trinity wallet.
IOTA Updates Trinity Desktop Wallet to Partly Address Recent Hack
Helen Partz
2020-02-17T17:13:00+00:00
3961
News
Ledger has published a critique of its competitors’ security chips which may have reignited a year old spat with Trezor.
Ledger Reignites Trezor Beef With 'Dishonest' Report on Crypto Wallet Hardware
Jack Martin
2020-02-14T11:02:00+00:00
2584
News
Coinbase misses the number one spot among platforms on CryptoCompare’s new Exchange Benchmark due to a 2019 Bitcoin price glitch.
Coinbase Fails to Top CryptoCompare’s Exchange Rankings due to 2019 Flash Crash
Helen Partz
2020-02-13T19:24:00+00:00
4888
News
The custody arm of major United States-based cryptocurrency exchange Coinbase, Coinbase Custody, obtained two new security qualifications.
Coinbase Custody Obtains Two Major Security Evaluations
Adrian Zmudzinski
2020-02-13T09:31:00+00:00
3122

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