ZachXBT claims there is an uptick in thieves targetting crypto traders offline

October 13, 2024 Coin Telegraph

Online platform GitHub has a list of at least 15 recorded incidents of in person crypto theft in the last year, around 17 in 2023, and 32 in 2021.

Blockchain investigator ZachXBT says he’s noticed an uptick in messages from people alleging they are the victims of in person crypto robbery.

In an Oct. 10 post, the onchain sleuth said he had received messages from multiple victims of crypto home invasion thefts “in Western Europe over the past few months at a much higher rate than other regions.”

He made the same claim in a Sept. 27 message shared via his Telegram channel, saying he knew of several individuals in the crypto community who had been held at gunpoint and had their crypto stolen in recent months.

Spot Bitcoin ETFs now control over 5% of BTC’s total supply, says CryptoQuant analyst

Top 10 Bitcoin Holders: Exchanges, Corporations, and Governments Dominate the Charts

September 23, 2024 Bitcoin.com

Bitcoin

Over the past decade, a significant amount of bitcoin has made its way into centralized trading platforms, public and private corporations, governments, exchange-traded funds (ETFs), and derivative token projects like WBTC. With roughly 100 days remaining in 2024 after the launch of spot bitcoin ETFs in January, this analysis dives into the top ten entities […]

Spot Bitcoin ETFs now control over 5% of BTC’s total supply, says CryptoQuant analyst

India’s Web3 alliance tightens cybersecurity after Wazirx attack

July 31, 2024 Coin Telegraph

Bharat Web3 Association

The BWA’s initiatives highlight an increasing awareness of the importance of cybersecurity in preserving trust and integrity in digital finance.

Following the $230 million hack on WazirX, India’s Bharat Web3 Association (BWA) is increasing its focus on strengthening cybersecurity and improving consumer protection within the crypto industry.

According to local media, the BWA, chaired by Dilip Chenoy, has formed two new internal groups specifically to address these issues and investigate the recent security breach.

One group will focus on cybersecurity, comprising chief information security officers from member firms. This team will develop standard operating procedures and implement solutions designed to prevent future security breaches.

Spot Bitcoin ETFs now control over 5% of BTC’s total supply, says CryptoQuant analyst

Casper Network halts operations following security breach

July 28, 2024 Coin Telegraph

blockchain platform

This incident serves as a reminder of the ever-present need for vigilance and proactive measures in the rapidly evolving world of blockchain technology.

Casper Network, a blockchain platform recognized for its approach to decentralized applications, experienced a security breach, resulting in a temporary halt of all operations to address and contain the issue.

The Casper Network team discovered the breach and promptly collaborated with validators to suspend the network. This measure was implemented to reduce the impact of the security breach and prevent potential exploitation. The network halt ensures that transactions cannot be processed until the vulnerability is addressed.

The Casper Association, Casper Labs, and the community of validators are working together to address the issue. This joint effort involves pooling resources and expertise to find a solution efficiently.

Spot Bitcoin ETFs now control over 5% of BTC’s total supply, says CryptoQuant analyst

Coinbase launches unified onchain monitoring through new wallet app

July 11, 2024 Coin Telegraph

Asset Tracking

Coinbase’s new wallet app will allow users to connect any self-custodial wallet for an aggregated view of assets.

Coinbase is releasing a new version of its crypto wallet that will allow users to access their portfolios from multiple platforms in a single place.

The company said in a July 11 statement that the new wallet will be available through a website on desktop and mobile devices. Users will be able to connect any self-custodial wallet supported by Wallet Connect, including MetaMask and Phantom wallets, to have an aggregated view of assets across applications. Users don’t need to have a Coinbase wallet to use the service.

According to Coinbase, the solution seeks to address retail user demand to track non-fungible tokens (NFTs) and decentralized finance (DeFi) positions across wallets. “Many people also manage several crypto wallets and [...] achieving a comprehensive view of all their assets in one place has been a challenge,” said Coinbase.

Spot Bitcoin ETFs now control over 5% of BTC’s total supply, says CryptoQuant analyst

Crypto losses reach $1.19B in H1 2024: CertiK calls for better security

July 3, 2024 Coin Telegraph

Crypto losses reach .19B in H1 2024: CertiK calls for better security

Bitcoin Hack

The CertiK report shows that phishing attacks led to nearly $498 million in losses, emphasizing the urgent need for enhanced security measures like 2FA.

The latest CertiK Web3 Security Report reveals that $1.19 billion has been lost to onchain security incidents in the first half of 2024, prompting the need for improved security measures.

The report highlights that most of the losses were attributable to phishing attacks and private key compromises, with phishing attacks accounting for almost $498 million.

In a written Q&A with Cointelegraph, Ronghu Gu, co-founder of CertiK, articulated the need for multifactor authentication, such as two-factor authentication (2FA) and “security keys.”

Spot Bitcoin ETFs now control over 5% of BTC’s total supply, says CryptoQuant analyst

MakerDAO delegate’s $11M in tokens stolen in phishing scam

June 23, 2024 Coin Telegraph

MakerDAO delegate’s M in tokens stolen in phishing scam

Aave Ethereum

The user fell victim to the phishing scam after signing multiple phishing signatures, which resulted in the loss of their digital assets.

A MakerDAO governance delegate has lost $11 million worth of Aave Ethereum Maker (aEthMKR) and Pendle USDe tokens in a phishing scam due to signing multiple signatures.

Scam Sniffer detected the incident in the early hours of June 23. The user fell victim to the phishing scam after signing multiple signatures, which led to the loss of their digital assets.

The sender address, “0xfb94d3404c1d3d9d6f08f79e58041d5ea95accfa,” transferred 3,657 aEthMKR tokens to the recipient address “0x739772254924a57428272f429bd55f30eb36bb96,” and the transaction was confirmed within 11 seconds.

Spot Bitcoin ETFs now control over 5% of BTC’s total supply, says CryptoQuant analyst

Crypto the ‘hardest thing’ in software history — Consensys CEO

June 11, 2024 Coin Telegraph

Coin Telegraph

Consensys CEO Joseph Lubin told Cointelegraph that crypto might be the “hardest thing” in software history in terms of potential threats, vulnerabilities and complexity.

As security failures in the digital asset space could result in significant financial losses, Consensys CEO and Ethereum co-founder Joseph Lubin described crypto as “the hardest thing” in software history when it comes to threats, vulnerabilities and complexity.

In an interview with Cointelegraph’s managing editor, Gareth Jenkinson, Lubin underscored the importance of security in the crypto space and compared its current state to the early banking days. Furthermore, the Ethereum co-founder also gave advice on how crypto users can secure their digital assets.

Lubin believes that as the crypto space progresses, industry workers must “do their best and build better implementations of the technology.” The executive compared crypto to the state of banking over a hundred years ago. Lubin said:

Spot Bitcoin ETFs now control over 5% of BTC’s total supply, says CryptoQuant analyst

Frax Finance X account hacked, CEO suspects ‘inside job’ at Elon Musk’s office

June 3, 2024 Coin Telegraph

Coin Telegraph

Frax Finance’s X account was hacked on June 1 without a password breach, leading CEO Sam Kazemian to suspect insider involvement.

A hacker allegedly gained control of crypto lending platform Frax Finance’s X social media account without accessing or tampering with existing passwords. But how?

Frax Finance’s X account was hacked on June 1. In a desperate attempt to regain control, Frax Finance CEO Sam Kazemian appealed to his followers on X for assistance in contacting X customer service.

Users reported that X takes roughly 72 hours to address complaints related to compromised accounts. The process involves raising a support request with a linked email address and going through a back-and-forth that involves submitting additional information as directed.

crypto security