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CRYPTO AND CYBER SECURITY NEWS

Latest Report Shows a Decrease in the Rate of Blockchain Attacks in 2020

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There has been a drastic decline in the rate of cryptocurrency and Blockchain hacks through the course of the year; 2020.

$24 Million Lost in Another DeFi Flashloan Economic Attack.

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Harvest Finance a DeFi based project developed under Kava Blockchain has been attacked in a recent flashloan economic attack resulting in a $24 million loss off the protocol.

Trezor Wallet User Loses Funds to Hackers Despite Keeping the Seed Phrase Safe

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Tezor wallet user loses funds to hackers, though he was able to secure his private keys and haven’t’ used the wallet for days. 

Arizona Accuses Nigerian Man For Identity Fraud Involvement in Crypto Investment.

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Arizona State Regulator has ordered a Nigerian man by name Abuchi Okoye to cease and desist offering digital currency investments to its residents.

Twitter Hack Update: Hackers Using Mixing Tool to Block Law Enforcement From Tracing Transaction.

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Some part of the funds collected through the Twitter Hack this week appear to be on the move claims Elliptic, a Bitcoin wallet address tracing service firm.

Hushpuppi: Woodbery Defrauded US firm of $15.3m Loaded in a Bitcoin wallet.

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The Federal Bureau of Investigations, FBI, has filed a case claiming that Olalekan Jacob Ponle, an acompliance arrested alongside Hushpuppi, defrauded US firms of millions in dollars.

Crystal Blockchain Analytics Report Suggests that the Bitcoin Activity on Dark Web Increased by 65% in Q1 2020.

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A new report from Crystal Blockchain Analytics suggests that the value of Bitcoin transferred through the dark web increased in Q1 2020.

WoToken: Another “Record-Breaking” Chinese Crypto Ponzi Scheme has Emerged

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Recent reports suggests that WoToken, another “Record-Breaking” Chinese-based crypto ponzi scheme similar to PlusToken crypto ponzi scheme has emerged

A Security Researcher Discovers 22 Crypto-Stealing Google Chrome Extensions.

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A security researcher discovered another 22 Google Chrome web browser extensions trying to steal users’ cryptocurrencies.

Ponzi Schemes: Cryptocurrency Wallet Users Increase in Nigeria Following the Increase in Pyramid Schemes Like Million Money Investment.

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Results show that a good number of Nigerians opened new Cryptocurrency Wallets in other to invest in ponzi schemes and other money doubling schemes.