Cybersecurity | Crypto Profit Bot

DeFi attacks are on the rise — Will the industry be able to stem the tide?

May 14, 2022

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The decentralized finance (DeFi) industry has lost over a billion dollars to hackers in the past couple of months, and the situation seems to be spiraling out of control. According to the latest statistics, approximately $1.6 billion in cryptocurrencies was stolen from DeFi platforms in the first quarter of 2022. Furthermore, over 90% of all […]

US lawmakers discuss crypto’s role in sanctions, national security and humanitarian aid

March 17, 2022

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Industry experts and lawmakers who spoke at a hearing of the United States Senate Committee on Banking, Housing, and Urban Affairs clashed on how the country should handle digital assets used for illicit purposes. Speaking remotely in a Thursday hearing on “Understanding the Role of Digital Assets in Illicit Finance,” Michael Chobanian, the founder of […]

FBI is launching team to address crypto exploitation: US Deputy Attorney General

February 17, 2022

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“The currency might be virtual, but the message to companies is concrete: if you report to us, we can follow the money and not only help you, but hopefully prevent the next victim,” said Lisa Monaco. 1775 Total views 47 Total shares U.S. Deputy Attorney General Lisa Monaco has announced that the Federal Bureau of […]

Google Cloud to detect crypto-mining malware on virtual machines

February 7, 2022

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Bad actors using malware to steal GPU power to mine crypto may have to up their game to deal with Google Cloud’s latest security protocol. 807 Total views 13 Total shares It’s a shot in the arm for Google Cloud users at risk of cryptocurrency mining attacks. The Security Command Center Team has created a […]

Crypto.com breach may be worth up to $33M, suggests onchain analyst

January 19, 2022

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Crypto.com’s loss in the latest security breach might have costed more than the reported $15 million. 914 Total views 15 Total shares Onchain analyst claims that Crypto.com’s loss in the latest security breach might have been worth more than the reported $15 million. Pseudonymous ErgoBTC, an on-chain analyst at Bitcoin (BTC) research firm OXT Research, […]

NCFTA onboards crypto exchange Binance to fight against cybercrime

January 18, 2022

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By partnering with Binance, the NCFTA aims to tackle international cybersecurity investigations by co-sharing threat intelligence. 1726 Total views 29 Total shares The National Cyber-Forensics and Training Alliance (NCFTA), an American non-profit, onboarded its first crypto firm, Binance, to aid their ongoing battle against cybercrimes. Founded in 2002, the NCFTA partners with law enforcement and […]

Blockchain security firm CertiK approaches unicorn status following $80M raise

December 1, 2021

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As cryptocurrency markets and DeFi become more lucrative, blockchain companies have recognized a growing need for security. 942 Total views 38 Total shares Global blockchain security firm CertiK has concluded an $80 million investment round backed by some of crypto’s biggest venture funds, putting the company on track to reach the lofty $1 billion valuation […]

Coinbase will establish presence in Israel through purchase of Unbound Security

November 30, 2021

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“We’ve long recognized Israel as a hot bed of strong technology and cryptography talent, and are excited to continue to grow our team with some of the best and brightest minds in these fields,” said Coinbase. 138 Total views 9 Total shares Cryptocurrency exchange Coinbase will acquire cryptographic security company Unbound Security in a move […]

Hackers exploit MFA flaw to steal from 6,000 Coinbase customers — Report

October 1, 2021

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Malicious actors reportedly took advantage of Coinbase’s SMS account recovery process to gain access to user funds. 20886 Total views 62 Total shares Cryptocurrency exchange Coinbase has reportedly suffered another security breach after attackers were able to bypass the company’s multi-factor authentication, or MFA, feature in a coordinated campaign earlier this year. The attackers stole […]

81% of finance execs say blockchain has gone mainstream: Survey

August 23, 2021

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Despite the finance service industry being bullish on blockchain and crypto, respondents still outlined cybersecurity as the greatest hurdle to mainstream adoption. 503 Total views 3 Total shares Blockchain, the underlying technology of cryptocurrencies like Bitcoin (BTC), has already gained mainstream popularity, according to global finance executives polled by Big Four auditing firm Deloitte. According […]

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Category: Cybersecurity