Tag - cryptocurrency

Cryptocurrency ATMs
CNN has a great piece about how cryptocurrency ATMs are used to scam people out of their money. The fees are usurious, and they’re a common place for scammers to send victims to buy cryptocurrency for them. The companies behind the ATMs, at best, do not care about the harm they cause; the profits are just too good.
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ATMs
cryptocurrency
scams
North Korean Hackers Steal $1.5B in Cryptocurrency
It looks like a very sophisticated attack against the Dubai-based exchange Bybit: > Bybit officials disclosed the theft of more than 400,000 ethereum and staked > ethereum coins just hours after it occurred. The notification said the digital > loot had been stored in a “Multisig Cold Wallet” when, somehow, it was > transferred to one of the exchange’s hot wallets. From there, the > cryptocurrency was transferred out of Bybit altogether and into wallets > controlled by the unknown attackers. > > […] > > …a subsequent investigation by Safe found no signs of unauthorized access to > its infrastructure, no compromises of other Safe wallets, and no obvious > vulnerabilities in the Safe codebase. As investigators continued to dig in, > they finally settled on the true cause. Bybit ultimately said that the > fraudulent transaction was “manipulated by a sophisticated attack that altered > the smart contract logic and masked the signing interface, enabling the > attacker to gain control of the ETH Cold Wallet.”...
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theft
hacking
cryptocurrency
North Korea