Cryptocurrency News Today TheBitTimes.com

The security firm urges those using wallets generated from 2011 to 2015 to transfer their assets to crypto wallets that were generated more recently. While the crypto community is still weathering the effects of the recent $100-million Poloniex hack, another cyber security threat that could affect billions worth of crypto assets has been discovered by a team of blockchain security experts.  On Nov. 14, cybersecurity company Unciphered released information on a vulnerability that they called “Randstorm,” which they claim to affect millions of crypto wallets that were generated from 2011 to 2015. Today we release our work on Randstorm: a vulnerability affecting a significant number of browser generated crypto currency wallets https://t.co/CebdytNaC6 Reporting @washingtonpost https://t.co/OzYDq2tH4W Technical write-up: https://t.co/HPqjtaX1CA #Bitcoin #blockchain pic.twitter.com/aN7CZh9sv4 — Unciphered LLC (@uncipheredLLC) November 14, 2023 According to the firm, while wor...

Cyber criminals used a variety of methods to siphon funds through hacks and exploits in 2022, amounting to over $2.8 billion in losses. Cyber criminals used a variety of novel ways to carry out hacks and exploits in 2022, with over $2.8 billion of cryptocurrency stolen last year. According to a report from CoinGecko using data sourced from DeFiYield’s REKT Database, nearly half of the total crypto stolen in 2022 was fleeced using diverse methods. This includes bypassing verification processes, market manipulation, ‘crowd looting’ as well as smart contract and bridge exploits. The biggest hack of 2022 was carried out through an access control hack. Sky Mavis, the developer behind popular game Axie Infinity, saw its Ronin bridge hacked in March 2022, leading to $625 million being drained from the bridge between the Ronin chain and Ethereum network. It was later revealed that North Korean hacking group Lazarus gained access to five private keys which were used to sign transactions from...

The fast-paced nature of the crypto markets means investors are under massive pressure to quickly verify whether a video message is authentic or not. Crypto investors have been urged to keep their eyes peeled for "deepfake" crypto scams to come, with the digital-doppelganger technology continuing to advance, making it harder for viewers to separate fact from fiction.  David Schwed, the COO of blockchain security firm Halborn told Cointelegraph that the crypto industry is more “susceptible” to deepfakes than ever because “time is of the essence in making decisions” which results in less time to verify the veracity of a video. Cast your vote now! Deepfakes use deep learning artificial intelligence (AI) to create highly realistic digital content by manipulating and altering original media, such as swapping faces in videos, photos, and audio, according to technical writer at OpenZeppelin Vlad Estoup. Estoup noted that crypto scammers often use deepfake technology to creat fake ...