Tag: crypto security

Cryptocurrency Scandal in Myanmar: Tether’s Connection to a $100 Million Fraud

A company operating from Myanmar stands implicated in a large-scale fraudulent scheme. Authorities tracked ransom payments made in Tether tokens to a facility...

Ripple Exchange Faces Cyber Nightmare: $112 Million Stolen in Historic Hack

Crypto hackers target Ripple Exchange's co-founder, Chris Larsen, making off with a staggering $112 million in XRP. The XRP ledger underpins its...

PeckShield’s Report: Blockchain Security Gains Ground, Recovers $674 Million in 2023

Blockchain security firms only recovered about $133 million in 2022, while in 2023, experts traced and recovered $674 million. According to PeckShield, the...

Cybersecurity Breach Shakes Kronos Research: $25 Million Crypto Loss Revealed

A hacker exploited compromised API keys at Kronos Research, a quantitative trading firm, making off with a substantial $25 million in crypto assets. ...

Trust Wallet: A crypto wallet that guarantees security and flexibility

Trust Wallet later developed its native token, the Trust Wallet Token, available on the BEP-2 (Binance Chain) and BEP-20(Binance Smart Chain) standards TWT(Trust...

Phishing Attack and how it plagues blockchain security

Phishing attacks predate the Web3, and Web2 eras. Experts believe that the attack's first accurate documentation occurred in the mid-90s In November 2021,...

51% attack: The blockchain security threat that blindsides the Proof of Work mechanism

Bitcoin is built on the notion that crypto miners validate data or transactions through the Proof of Work The 51% attack is a...

Crypto security practices that will address the plague of human error in crypto

Crypto hardware wallets are the best way to safeguard crypto. A hardware wallet is a physical device that stores your user's private key...

A deeper look into crypto hacks: how they work and relate

An overlook caused Ronnins crypto cyber security attack in a previous transaction Poly network harboured a significant crypto risk within their blockchain security...