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https://twitter.com/wormholecrypto/status/1489001949881978883This is the statement from the wormhole network that runs on Solana blockchainThe wormhole network was exploited for 120k wETH. ETH will be added over the next hours to ensure wETH is backed 1:1. More details to come shortly. We are working to get the network back up quickly. Thanks for your patience. Here is vitalik literally explaining how this attack might happen. This was less than a month ago. Someone has now done itSource CoinTelegraphhttps://cointelegraph.com/news/vitalik-buterin-gives-thumbs-down-to-cross-chain-applications This is lots of money lost but apparently the exchange (FTX presumably) will be cutting into their profits to refund the balance to make sure no one’s ETH are lost and are backed 1:1 The memes are fire Apparently they’re asking for a “whitehat agreement” where they let the hacker keep $10Million in and disclose the exploit. Interesting deal we’ll see if the hacker takes it This also happens
Crypto exchange dashes to fill $8 billion hole as investors write down equity.JOSHUA OLIVER, RICHARD WATERS, ORTENCA ALIAJ, JAMES FONTANELLA-KHAN, WILLIAM LANGLEY, AND CHAN HO-HIM, FT - 11/10/2022, 4:27 PM FTX is on the brink of collapse as chief Sam Bankman-Fried races to secure billions of dollars to salvage his empire after Binance ditched an 11th-hour rescue of one of the world’s biggest crypto exchanges.Venture capital firm Sequoia Capital said it would mark down its $214 million investment in FTX to zero after a run on the exchange in recent days blew a massive hole in its balance sheet and cast serious doubts over its survival.“In recent days, a liquidity crunch has created solvency risk for FTX,” Sequoia said in a note on Wednesday to investors in its fund.The abrupt change in fortune for FTX and its sister trading firm Alameda Research marks a spectacular fall for Bankman-Fried, a 30-year-old trader and entrepreneur who is one of the industry’s most prominent figures. Bankman-
My website is red flag
Coinhive has just made public that they will be shutting down their service on March 8th. Coinhive has become infamous the past year as the innovator behind the javascript based cryptomining service. However, that service quickly turned into the criminal cryptojacking attack campaigns that became so popular in 2018 infecting millions of sites and netting criminals millions in cryptocurrency at victims expense. I honestly did not see this happening, but I do understand. I believed that coinhive didn't intend for their creation to be abused by criminals. However, they still kept 30% of ALL the earnings. Most of that profit came from illicit mining which has earned them a lot of bad press. 2018 was a terrible year for the price of XMR(monero) which means their service is a lot less profitable now. Combined with the fact that the XMR dev team hard-forked the coin and changed the difficulty of the hashrate means Coinhive is making very little money from actual legitimate miners. They
It’s no surprise to me that cyber insurance companies have cracked down on their policy requirements and forced businesses to meet certain requirements before they will insure them. Companies find it more difficult to get cyber insurance
Conventional wisdom dictates that if you've got more virtual currency than you'd be comfortable carrying around on your person, or you intend to hold it as a long-term investment, you should keep it in "cold storage." This could be a computer that's disconnected from the internet or a specialized USB drive called a hardware wallet.<<Full Article>>
Not sure what the official term is but my wife got scammed into paying £95 to renew her driving licence. It should have only been £14. The official site was down and she ended up on this one in a panic. They make it legit by offering services she doesnt really need like free replacement if lost. We tried to cancel. Under their terms we could cancel if they havent processed anything yet and we had one person clearly stalling asking questions whilst another processed it. It could be worse but still annoying.
Hey there Webroot Community,We are back with another series of informational posts on the topic of Cryptocurrency! The world of cryptocurrency is still an enigma to most people, and we’d like to do our part to clear up some of the confusion. There are a few things that new crypto users struggle with in regard to its usage, storage, and prevention of being scammed. In this installment of the crypto series, these are the topics we will be covering:1) Storage2) How to use safely3) Infamous “crypto exchange mishaps” 4) Pros vs. cons of crypto and blockchain tech StorageLearning how to securely store your cryptocurrency is the most important process to learn before jumping into this new world. First, it’s important that you learn the difference between a “public” and a “private” key. Public key:Think of this as your PO box address that you give out to people/companies in order to receive packages. Your public key in terms of cryptocurrency is a string of letters/numbers that you
What should I be aware of when choosing an internet service for traveling in an RV?
This cruel Android malware wipes phones after stealing money https://www.zdnet.com/article/this-cruel-android-malware-wipes-phones-after-stealing-money/?ftag=TRE-03-10aaa6b&bhid=%7B%24external_id%7D&mid=%7B%24MESSAGE_ID%7D&cid=%7B%24contact_id%7D&eh=%7B%24CF_emailHash%7D Hi……...What do you guys/girls know about this one, and are our Androids protected from this? Thanks,Tony
Cybercriminals are constantly experimenting with new ways to take money from their victims. Their tactics evolve quickly to maximize returns and minimize risk. The emergence of cryptocurrency has opened up new opportunities to do just that. To better understand today’s threat landscape, it’s worth exploring the origins of cryptocurrencies and the progress cybercriminals have made in using it to advance their own interests. The FBI screen lockSource: @DavidSGingras on TwitterMany readers may remember the infamous FBI lock malware that would pop up and prevent users from using their computer at startup. The malware presented the (false) claim that the victim had downloaded copyrighted material illegally or had watched pornography.This was a common and successful scam that made millions globally by localizing the “official” police entity in order to legitimize the threat. The money it made was transferred via Ukash and MoneyPak, which were essentially gift cards available at local conveni