CYBER SECURITY
Edward Snowden Criticizes SEC Following Twitter Hack and False Bitcoin ETF Announcement
Whistleblower Edward Snowden has openly criticized SEC Chair Gary Gensler following a misleading Bitcoin ETF approval post on the SEC's Twitter account. Snowden's comments highlight growing concerns about the SEC's credibility and regulatory approach in the crypto industry.
SEC Faces Congressional Investigation Call Over Bitcoin ETF False Approval News Breach
The SEC's social media account was compromised, leading to false Bitcoin ETF approval news. This incident has prompted calls for congressional investigation into the SEC for potential market manipulation and cybersecurity lapses.
North Korean Crypto Thefts in 2023: A $700 Million Cyber Menace
North Korean groups were linked to 33% of 2023's crypto thefts, stealing up to $700M. Their methods evolved, involving crypto mixers and converting assets to Tether or Tron, highlighting the ongoing cyber threat from DPRK.
Web3 Security 2023 State Revealed, Nearly $2 Billion Lost
CertiK's "Hack3d: The Web3 Security Report 2023" provides a thorough analysis of Web3 security incidents in 2023, highlighting key vulnerabilities and trends in the blockchain and smart contract security landscape.
Thunder Terminal's Rapid Response to $240,000 Hack: Security Measures and Hacker's Ransom Demand
Thunder Terminal exploited 114 wallets, causing $240,000 in damages. Users were promised refunds and additional credits, but the hacker disputed these claims and demanded a ransom.
NIST's Call for Public Input on AI Safety in Response to Biden's Executive Order
NIST is seeking public input to create AI safety guidelines following President Biden's Executive Order, aiming to ensure a secure AI environment, mitigate risks, and foster innovation.
North Korea's Cyber Onslaught on Cryptocurrency: A $3 Billion Digital Heist
North Korea has escalated cyber attacks on cryptocurrency since 2017, stealing over $3 billion and stealing $1.7 billion in 2022, posing a serious threat to the country's economy and military budget.
Fireblocks Introduces 'Off Exchange' to Address Exchange Counterparty Risk, Integrates with Deribit
Fireblocks introduces 'Off Exchange', reducing exchange counterparty risk for institutional traders, allowing them to trade directly from on-chain MPC shared wallets, marking a significant advancement in digital asset trading.
Senator Warren Focuses on Crypto Scam Risks for Seniors, Advocates New Legislation
Senator Warren emphasized the Digital Asset Anti-Money Laundering Act, gaining bipartisan support to regulate crypto activities and protect vulnerable populations from financial fraud.
BIS Conference Addresses Cybersecurity in Central Bank Digital Currencies (CBDC)
Agustín Carstens, General Manager of the Bank for International Settlements, highlighted the importance of cybersecurity for central bank digital currencies (CBDCs) during a conference in Basel, Switzerland, emphasizing the need for secure, user-friendly, and adaptable systems.
US Authorities Uncover Chinese-linked Bitcoin Mining Operations
US authorities have identified a significant number of Chinese-linked Bitcoin mining operations across the United States, sparking national security concerns. Published by The New York Times on October 13, the report highlights the close proximity of some of these operations to critical military and infrastructure sites. Amidst escalating US-China political tensions, the surge in Chinese Bitcoin mining operations in the US, coupled with their substantial energy consumption, poses critical questions regarding cybersecurity, energy sustainability, and geopolitical dynamics.
Suspicious Transactions Linked to Mixin Network Hack Involve Huobi and Binance
Cyvers Alerts has discovered suspicious transactions linked to the recent Mixin Network hack. Two hacker addresses received 51 ETH from an account that had interactions with Huobi Global and Binance. The watchdog has called on these exchanges to help identify the suspicious account as part of ongoing investigations.
Unidentified Exploit Steals Over $10.5 Million in NFTs and Coins
An unidentified exploit has drained over $10.5 million in NFTs and coins from experienced crypto community members since December 2022. The exploit targets keys created from 2014 to 2022 and those who are "crypto native," with multiple addresses and work within the space. Crypto veterans are advised to use a hardware wallet or migrate their funds to safeguard their digital assets.
MetaMask Users Email Addresses Exposed in Cybersecurity Incident
MetaMask, the popular Ethereum wallet, experienced a cybersecurity incident that exposed the email addresses of some of its users who submitted a customer support ticket between August 1, 2021 and February 10, 2023. The breach may have affected up to 7,000 users and some of the customer support tickets included a free text field where users may have submitted personally identifying information. The company has taken steps to eliminate unauthorized access in the future and is working with a cybersecurity and forensics team to investigate the incident.
Cryptocurrency Phishing Attacks Surge in 2022
Kaspersky reports a 40% YoY increase in cryptocurrency phishing attacks in 2022. These attacks involve fake websites and communication channels that mimic official companies to trick users into sharing private information such as private keys. Kaspersky warns that scammers continue to evolve their techniques and stories to lure in unsuspecting crypto investors.