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CRYPTO AND CYBER SECURITY NEWS

NITDA Declares That Cybersecurity Is Essential For Digital Asset Protection.

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Several months after the Central Bank of Nigeria (CBN) declared that Bitcoin and other cryptocurrencies were not legal tenders in Nigeria. Various Financial bodies in the country have begun to pay extra attention to the activities of the Digital space….

Ray Youssef of Paxful Shares his Thoughts on CBN’s Cryptocurrency Ban/Legitimacy in Nigeria

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The Chief Executive Officer of Paxful, Mr. Ray Youssef, who was in Lagos recently to dialogue with government officials, in this interview advises on the way forward for cryptocurrency business and adoption in Nigeria,  This interview was conducted by Dike…

Hotbit Exchange shuts down for Two weeks over an attempted cyber-attack.

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Cryptocurrency exchange Hotbit has shut down all of its services after an attempted cyberattack on Thursday, 29 April 2021 According to the Hotbit announcement on telegram, The hackers were reportedly unsuccessful in gaining access to Hotbits’ wallets but did manage…

The Economic and Financial Crimes Commission (EFCC) cautions Nigerians against Bitcoin, forex trading, and other financial investments.

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Three months after Nigeria’s central bank restricted financial institutions from dealing with crypto-related companies and securities, The Economic and Financial Crimes Commission (EFCC) has warned Nigerians against what it described as an investment that promises returns that look too good…

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.