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Binance CEO Suggests Crypto Exchanges Are Safer Than Keeping One’s Keys

News Changpeng Zhao, the co-founder and CEO of cryptocurrency exchange Binance, suggested that for most, keeping crypto assets on an exchange is safer than keeping the keys themselves. Zhao gave his comments in a tweet on Jan. 19 after famous crypto skeptic and gold bug Peter Schiff complained tha..

Crypto Exchange Upbit Finishes Security Update in Response to 2019 Hack

News Strengthening its walls after a hack in late 2019, South Korean crypto exchange Upbit has finished a security upgrade for the wallets on its exchange platform, restoring functionality once again. Upbit decided to update its defenses in response to an Ethereum (ETH) hack the exchange suffered ..

US Lawmakers Urge FCC to Step Up Its Action Against SIM Swaps

News United States lawmakers have appealed to the Federal Communications Commission (FCC) to hold telecoms providers to account for failing to protect consumers against SIM swap attacks. SIM-swapping — alternatively known as a port-out scam — involves the theft of a cell phone number in order to h..

North Korean Hacker Group Modifies Crypto-Stealing Malware

News The Lazarus hacker group, which is allegedly sponsored by the North Korean government, has deployed new viruses to steal cryptocurrency. Major cybersecurity firm Kaspersky reported on Jan. 8 that Lazarus has doubled down its efforts to infect both Mac and Windows users’ computers. The group h..

Most Significant Hacks of 2019 — New Record of Twelve in One Year

New Year Special Twelve major cryptocurrency exchange hacks occurred in 2019. Of these, 11 hacks resulted in the theft of cryptocurrency while one only involved stolen customer data. In total, $292,665,886 worth of cryptocurrency and 510,000 user logins were stolen from crypto exchanges in 2019. C..

Ledger Wallet User Allegedly Lost $16K to Malicious Browser Extension

News Twitter user and software architect WizardofAus (@BTCSchellingPt) has warned cryptocurrency holders against a Chrome extension for Ledger crypto wallets that allegedly contains malware. In a tweet posted on Jan 2., WizardofAus claimed that: “Malware Chrome extension alert. If you have "Ledger..

Hackers Grab Nearly $480K From Blockchain Platform Nuls

News Blockchain platform Nuls has lost almost $480,000 worth of NULS tokens due to a hack, according to a security update tweeted on Dec. 22. In its tweet, Nuls said it had detected that 2 million tokens had been transferred, of which 548,354 tokens — worth roughly $131, 600 — had entered the trad..

Fortress Investment Group Renews Bid to Buy Mt. Gox Creditors’ Claims

News In the countdown to the new year, private equity and hedge fund manager Fortress Investment Group is redoubling its efforts to buy up Bitcoin (BTC) claims from Mt. Gox creditors. A Bloomberg report on Dec. 19 alleged that Fortress’s offer is now roughly 13.5% lower than an initial bid it exte..

Hashpower Broker NiceHash Can’t Promise to Fully Reimburse Hack Losses

News The hashpower rental marketplace NiceHash, which was hacked in Dec. 2017, says it may not be able to fulfill its pledge to fully reimburse affected users. In a blog post published on Dec. 18, NiceHash said its repayment program would be frozen at its current level of 82% successful reimbursem..

VeChain Loses $6.6M in VET Tokens to Hacker in Attack on Buyback Wallet

News Note: This story has been updated to provide more details about the incident. VeChain Foundation’s wallet has been compromised in a hacker attack targeting funds earmarked for the foundation’s buyback program. Per a VeChain Foundation announcement on Dec. 13, an unknown hacker has redirected ..

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