In the latest security incident involving a decentralized finance protocol, cross-chain project pNetwork announced Sunday it had been hacked for 277 pBTC, a form of wrapped bitcoin, with losses worth over $12 million at current value.
Amid growing calls for cryptocurrency regulations, the U.S. acting comptroller of the currency has made a definitive statement on safeguarding investors and how cryptocurrency should intersect with traditional financial institutions.
New York officials won a court order shuttering cryptocurrency trading platform Coinseed, after it allegedly defrauded thousands of investors out of millions of dollars, according to State Attorney General Letitia James. The court also awarded a $3 million judgment against Coinseed and its CEO.
U.S. SEC Chair Gary Gensler testified before the Senate on Tuesday and again called for comprehensive cryptocurrency regulations, citing a need to reduce cybersecurity risks, other market risks, and criminal efforts to defraud investors, while simultaneously advancing the space.
In the latest weekly update, four editors at Information Security Media Group discuss important cybersecurity issues, including how ransomware affiliates change operators and why terrorists aren't launching massive cyberattacks.
Researchers have discovered email fraud campaigns in which unidentified threat actors are swindling victims out of bitcoin by tempting them with a substantial amount of tax-free cryptocurrency. This follows an SEC warning about fraudulent cryptocurrency schemes making the rounds
The U.S. SEC in a new advisory warns against schemes targeting digital assets. Security experts say that with social engineering attempts on the rise, individuals and organizations must defend against related scams and other "get rich quick" schemes.
The U.S. SEC announced civil action against defunct cryptocurrency lending platform BitConnect for allegedly defrauding investors out of $2 billion. In response, experts say cryptocurrency markets will face continued scrutiny over investor protections, fraud and security.
Cryptocurrency exchange Coinbase faces potential user trust challenges after a system error led it to send out false automated security alerts to about 125,000 customers indicating their two-factor authentication settings had been changed.
Users of OpenSea, a marketplace for blockchain-based digital assets such as crypto collectibles and non-fungible tokens, are being targeted by scammers pretending to be the company's support staff on Discord. The attackers exploited a method OpenSea uses to service support tickets on Discord.
The U.S. Securities and Exchange Commission will monitor decentralized finance transactions, after contracting with the blockchain cybersecurity firm AnChain.AI. Legal experts suggest this and other recent moves preview increased regulation of the decentralized finance space.
The Securities and Exchange Board of India has instructed depositories in the country to use distributed ledger technology to record and monitor the creation of securities as well as contracts of nonconvertible securities. The new monitoring system is expected to be implemented by April 1, 2022.
Sen. Pat Toomey of the Senate Banking Committee is requesting input from the cryptocurrency and blockchain community to inform future legislation on its security and privacy. Several experts praise efforts to regulate the space, but cite its complexities.
In the latest weekly update, four editors at Information Security Media Group discuss timely cybersecurity issues, including cryptocurrency exchange hacks and the cyber implications of the U.S. withdrawal from Kabul.
Although a majority of financial services executives predict that cryptocurrency will replace or rival fiat currency within the next five to 10 years, they say cybersecurity, regulatory and privacy issues are among the biggest obstacles to its adoption, according to a survey by Deloitte.