Security

Are You Safe From Crypto Phishing Attacks?

Wherever there is money to be had, there is always a collection of lowlives who want to get…

Ronin Network Hacker Turns To Crypto Mixers

According to the recent data from Etherscan, the address of the hacker who stole 173,600 ETH and 25.5…

The Largest Cryptocurrency Hack Ever?

We may have just witnessed the largest cryptocurrency heist ever, depending on the price of Ethereum. A hacker…

DeFiance Capital’s Founder Hacked For $1.6M

In a recently reported hacking attack, an unknown individual targeted the online cryptocurrency wallet owned by the founder…
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NFT Hacking And Phishing – Where Are We Now?

You have amassed a fortune through deep research and maybe a bit of luck. You have over a million dollars in digital assets. One day it’s all gone. What happened? The NFT and phishing world has been a fascinating one to watch, especially over the...
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DeFi Marketplace Falls To Hackers, Loses $3M

Recent reports have revealed that Deus Finance, a popular multi-token DeFi platform, became a victim of an exploit. An unknown hacker (or hackers) used the flaw to rob the platform of $3 million worth of crypto. According to reports, the loss includes 200,000 DAI and...
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Infamous 2016 DAO Hacker Reportedly Unmasked

Major Revelations in Shin’s BookJournalist Laura Shin, in a Forbes article published on Tuesday, February 22, 2022, identified Toby Hoenisch, an Austrian programmer, who is co-founder and CEO of crypto debit card company TenX, as the hacker behind the infamous 2016 DAO hack. (Hoenisch’s company...
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OpenSea Sued For 1 Million Dollars By User Who Lost His Bored Ape NFT.

The investigation revealed that the users were victims of a phishing attack that targeted them directly via email. However, a user called Timothy McKimmy claims that the fault lies with OpenSea, which he filed a $1+ million lawsuit. After the recent hack that targeted users...
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OpenSea Users Suffer A Hacking Attack

OpenSea, the world’ biggest NFT marketplace, recently fell victim to a hacking attack. According to the details of the still-ongoing investigation, the attackers targeted OpenSea users, not the site itself. The platform’s CEO said that attackers tricked users into signing malicious payloads in order to...
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Top 5 Steps To Increase Your Crypto Security

A great deal of effort has been spent making the blockchains that form the foundation of cryptocurrency and NFTs as cryptographically secure as possible. Sadly, that’s where the basis for your trust in crypto should end. Once transactions move beyond the blockchain they are vulnerable....
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FTC Issues Warning Against Scams Involving Crypto ATMs

Crypto Investors Should Beware of ImpersonatorsAccording to a blog post, the FTC noted that there were scammers who have devised a method to deceive people into parting with their cryptocurrency assets. The agency stated that the scam tactics comprised an impersonator, a QR coded, and...
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Is Your MetaMask Wallet Secure?

Cryptocurrency has changed lives and is still doing so. However, in the case of the crypto industry, every beautiful thing indeed has a scar. Thousands have had their crypto stolen. Top data analyst firm Elliptic, estimates that over $12 billion has been lost to DeFi...
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How Do Scammers Cash Out Ill-Gotten Gains?

On November 18, Elliptic published a report on decentralized finance (DeFi) fraud in 2021. Elliptic stated that victims lost over $12 billion in DeFi between January and November in the information. The firm noted that $10.8 billion was lost to fraud and theft. That represents...
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The Best Places To Buy Crypto Anonymously

Any website you visit and register at may collect data like your IP address, the advertisements you click on, the web/mobile browser that you use, how often you visit the website, and, of course, personal identification information like your name, date of birth, email address,...
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What Is A Seed Phrase And How Should You Store It Safely?

Crypto Wallets and Seed PhrasesWhen you set up a crypto wallet like Ledger, Trezor, or MetaMask, it generates a string of 12-24 simple words called a seed phrase. The wallet uses the seed phrase to create private keys – private keys enable you to send...
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Criminals, Cryptocurrency, And Anarcho-Tyranny

They point to money laundering and recent high-profile ransomware attack that shut down Colonial Pipeline as proof that cryptocurrency needs to be banned to keep us safe from criminals. Criminality and CryptocurrencyI take serious issue with both points. First off, cryptocurrency is not the preferred...
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Keylogging— Why Passwords Are Now No Longer Considered Safe

As computing systems came to the fore thanks to the work of Charles Babbage and several others, the security of the data processed by these computers presented a problem. Passwords became the most popular security measure used to restrict unauthorized access to information. While passwords...
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Why You Should Use Two-Factor Authentication Apps

Data breaches are projected to cost a whopping $10 trillion by 2025, further underlining the importance of adequate security measures. The threat of information theft, hacks, and privacy breaches remains vivid. Every day, the internet user is advised to favor enhanced security measures on all...
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Ransomware Attacks Using Crypto- What Are They?

Ransomware is a type of malware designed to encrypt and block access to a computer system until a certain amount of money is paid. Ransomware attackers hold data hostage and demand a ransom. They threaten to sell or leak the data. Recently, there has been...
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FBI Tackles Crypto In Cyber Awareness Month

Cyber Security Awareness Month is observed every October. It was created in a collaborative effort to ensure American citizens have the resources to stay safe online. Since its formation in October 2004, awareness month has been dedicated to all-around technological advice. October 2021, the Federal...
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OpenSea Wallets Compromised As Hackers Cash In

Over the years, as the crypto sector keeps evolving, hackers have always schemed new ways to steal crypto assets and digital tokens from unsuspecting users. With the introduction of each new sector such as the decentralized finance (DeFi) sector and most recently the NFT sector,...
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Ethereum Max, Kim Kardashian, And Our Rotten System

Like I said in a previous article, if a celebrity says you should do something, you should do the exact opposite. If a celebrity told me not to jump off a cliff, I might consider jumping the smarter option because these people are so utterly...
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Crypto Hacking Is Still Prevalent – How To Safeguard Your Investment

Crypto hacking is more problematic than hacks in other industries since transactions in digital assets are irreversible. In addition, all blockchains literally don’t have a mechanism in place to distinguish between regular transactions and legitimate ones. The result is that a large quantity of crypto...
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Top 5 Multi-currency Crypto Wallets For 2022

Cryptocurrency wallets are an important accessory for any crypto trader or investor. This is because they help them in buying and selling their digital assets. Crypto players need wallets for storing cryptocurrencies because they guarantee security during storage. Wallets also provide a means for the...
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Do Crypto ATMs Offer Good Value For Money?

Although an ATM, it's different from the typical Automated Teller Machine that allows bank customers to withdraw cash or transfer funds physically. Crypto ATMs are standalone kiosks that enable people to buy and sell BTC and other cryptocurrencies. They produce blockchain transactions via QR codes...
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Ledger Vs Trezor – Which Is The Best Hardware Wallet?

Trezor is a SatoshiLabs product launched in 2013 and is based in Praha, Czech Republic. Ledger is based in Paris, France, and was launched in 2014. Which of these two is the best hardware wallet? Our evaluation framework on these two wallets are based on...
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Tyson Fury The Latest Celeb To Market Scam EtherumMax Token

Is EthereumMax a fraud? Well, we do not know that for sure but a lot of people have been skeptical about it, and for valid reasons. EthereumMax or Emax has been promoted by several celebrities, the latest being Tyson Fury, the 33-year-old British WBC Heavyweight...
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Ethereum Max Is A Terrible Project – Why Do Celebs Shill It?

One would think Kim Kardashian, entrepreneur, and actress, Instagram’s account hacked. After all, shilling an obscure altcoin made no sense for a 250-million followers account. Besides being a well-known celebrity and influencer, Kim owns her own beauty line, KKW Beauty, a fragrance line, besides shapewear...
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2 Factor Authentication Is Vital For Crypto Security – Here’s Why

Detractors slam the emerging crypto ecosystem citing numerous concerns, with one of the more prominent ones being security. In comparison with traditional payments, crypto payments are, arguably, more insecure. Traditional payment solutions like credit cards and debit cards have legal protection. This means that if...
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MetaMask Is Widely Used But Slow To Transact – Why Is It Popular?

Web wallets are crucial for your defy experience and when it comes to interacting with platforms like Uniswap, Aave and PancakeSwap there's no better solution than MetaMask. To put it into perspective MetaMask currently has over 10,000.000 users on the Chrome extension and over 5,000,00...
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The Importance Of Privacy In Commerce

Every single westerner knows the importance of not denying a school girl with a penis the right to use a girl’s restroom; otherwise, Merrick Garland will send the FBI to tear down your door in the wee hours of the morning. But what about less...
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5 Ways To Store Your Seed Phrases Safely

Here, there is no bank to blame or a regulatory body to file your complaint and get the stolen money back into your account. Luckily, however, there are a few security and backup features that allow you to recover your cryptocurrencies should your wallet device...
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Ponzi Schemes In Crypto – How To Look Out For Them

Critics maintained that cryptocurrencies were vehicles for money laundering. Worse yet, the absence of investor protection allowed for fraud to be perpetuated without a chance of recourse. Even still, crypto doesn’t sit in isolation. Traditional finance can be rife with scams and even privacy violations....
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My Three Favorite Signs Of A Crypto Scam

If It’s Too Good to Be True, It Probably IsI can attest to this one through personal experience. When I was a project manager looking for freelance copywriters, I came across a German national living in Dallas who seemed to have the background I was...
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What Are Flash Loans – Should The Crypto Community Be Cautious?

Flash loans are relatively new lending systems that have become popular in the DeFi space, yet their popularity has risen to the mainstream as they have been used to exploit hundreds of vulnerable DeFi protocols that resulted in the loss of millions of dollars. How...
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Top 5 Hardware Wallets Of 2021

While all these options have their advantages and disadvantages, there's no better option than a hardware wallet when it comes to saving your cryptocurrency. Even though centralized exchanges let you store on the platform, the risk of the exchange being hacked makes it a bad...
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Top 5 Software Wallets Of 2021

This should be done even before you buy or create your "crypto exchange" account. Software wallets are computer programs for transferring, storing and monitoring cryptocurrencies balances or tokens on a computer device. You must have a wallet address to use cryptocurrencies/tokens. Since you will be...
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Crypto Custody – How It Is Changing The Crypto Landscape

For retail investors, self-custody can be the best option because it is simple, and it gives such investors exclusive control and access over their digital assets. For investors making use of self-custody solutions, they can choose either a hardware wallet, software wallet, or even third-party...
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The Crypto Regulation Debate: Pros and Cons

The Inevitability of Regulatory CompromiseFact is, for crypto to find mainstream adoption, there must be concessions—a slight relenting on anti-establishment and libertarian positions to make room for compromise, even dialogue. It makes sense because crypto is vibrant in democratic jurisdictions, where the view of every...
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Beware of Random Coins Appearing in Your Wallet – Dusting Explained

There are instances where crypto dust attacks are undertaken by malicious entities. Why Hackers Use Crypto Dust Hackers usually target wallets with significant crypto holdings so as to unmask the people behind them. They send out crypto dust to the targeted wallets and watch for...
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Windows Servers on AWS Are Now the Target of Cryptojacking Attacks

The surge of attacks over the last few years has been in the spotlight, although – and interestingly – it slowed down during the coronavirus pandemic. However, it didn’t mean that cryptojacking lost steam at all, as threat actors remained active behind the scenes. The...
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Beware of Youtubers/Influencers And Their Crypto Scams

Despite this, Ethereum Max has been able to rope in influencers such as retired NBA superstar and Boston Celtics legend Paul Pierce as well as one of the most highly regarded boxers of all time Floyd Mayweather Jr. What’s even more alarming is that in...
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Most Tokens Are Scams – How To Avoid Rugpulls

Cryptocurrencies are all about blockchain technology, which means that a token needs to power a particular network to hold value. For example, ETH tokens are viable investments because of the power of the Ethereum network. The network has become highly popular in decentralized finance and...
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Microsoft and Intel Introduce a Shield Against Cryptojacking

Hackers, scammers, and other shady individuals used them, mostly for personal deals made through the dark web. Blockchain explorers did not exist back then, and using crypto allowed you to be anonymous. Of course, we all know that those people still use crypto to this...
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What Are Cryptocurrency Custody Solutions?

That puts responsibility on you, such as having to apply proper security measures, come up with strong passwords to protect your accounts, and be careful when it comes to entering addresses. But, ultimately, it’s just you and your own money — no banks or financial...
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Top Ways Hackers Fish For Our Data

Still, those with enough expertise know that breaking into a popular service with millions of active users is their chance to score big. And history has seen enough large data breaches for us to presume that nothing we put online is 100% safe. Scenario #2:...
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Common Crypto Scams And Tips On How To Protect Your Money

If you do not want to be a victim of these scams, read below on what I believe to be the primary ways investors fall victim and how you can avoid it. False websites Go online, and you will find many fake websites on cryptocurrencies....
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7 Things To Remember About Plastic Card Fraud

Rule 1: Keep the card information secure Never write down your PIN or share it with anyone; shield the pad with your free hand when entering it on an ATM or a terminal. Keep the card number, date of issue, and CVC code away from...
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What Are The Safest Ways To Store Bitcoin?

Traders are at risk of their Bitcoin being stolen on exchange platforms. One can lose Bitcoin due to computer hacking, misplacement of private keys, or computer issues. If you do not want to fall victim, use any of the following ways to store your Bitcoin:...
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Mind the physical backup, even when using hardware wallets

New users have a general misconception that hardware wallets are used to store cryptocurrencies, but this article explains how this is far from true. Hardware Wallets Deceitful links, exchange hacks, DNS servers' hijack, and malicious applications. There have been numerous cases of cryptocurrency theft over...