Latest News for: Blockchain hackers

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FBI Director Chris Wray begs companies to STOP paying hackers because it 'encourages more of ...

The Daily Mail 24 Jun 2021
FBI Director Chris Wray has begged companies to stop paying hackers ransom money, saying it encourages cybercriminals to carry out more attacks ... FBI Director Chris Wray (in Wednesday's hearing) has begged companies to stop paying hackers ransom money, saying it encourages cybercriminals to carry out more attacks.
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ICO scams 2020: examples and how to avoid

Cryptopolitan 23 Jun 2021
By investing in DeFi projects, ICOs based on Bitcoin, Ethereum, or any other blockchain, investors bear high risks hoping to get huge rewards in the future ... Among the blockchain scam schemes, the exit scam is most widespread ... Blockchain hackers’ attacks in 2020 ... In 2020, Ethereum DApps still remain the most luring among blockchain hacks.
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Unlocking the potential of blockchain technology

Technology Org 20 Jun 2021
Now the federal government is seeking to become the first to issue a national digital currency using blockchain technology ... The random selection also makes the blockchain more secure by giving no clear target to hackers, helping Algorand solve the “trilemma” put forth by the Ethereum founder with a scalable, secure, and decentralized blockchain.
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ZeroHybrid: Convergence of Decentralization, Safety, Efficiency and Privacy

Coinspeaker 17 Jun 2021
ZeroHybrid is the industry’s first ARM-based decentralized trusted computing network that uses mobile devices to provide computing power with ARM chips to optimize blockchain technology ... A little breach in the blockchain information could expose an individual to hackers, thieves, and criminals, who are looking for loopholes to exploit.
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What Do Kusama, Polkadot and Your Spare Crypto Holdings Have in Common?

NewsBTC 17 Jun 2021
Both Polkadot and Kusama work on the basis of interoperability with Ethereum, effectively bridging blockchains to one another, to widen the overall network of usage ... on the blockchain ... Instead, the data is stored as a hash value on the blockchain, with no real merit to hackers.
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What is DID (Dissociative ID)? Explaining future use cases | Contributed by XSL Lab

OBN 14 Jun 2021
In this article, I’d like to familiarize you with the concept of distributed IDs and introduce what ID solutions bring and the use cases that distributed IDs bring in “Tomorrow on the Internet.” Blockchain, decentralization and data security ... This is not possible thanks to blockchain.
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Is Bitcoin More Traceable Than Cash?

Slashdot 13 Jun 2021
The Bitcoin ledger can be viewed by anyone who is plugged into the blockchain ... Haun added that the speed with which the Justice Department seized most of the ransom was "groundbreaking" precisely because of the hackers' use of cryptocurrency ... did not appear to rely on any underlying vulnerability in blockchain technology, cryptocurrency experts said.
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How the FBI got Colonial Pipeline’s ransom money back

Live Mint 11 Jun 2021
Seizure of more than half of the company’s payment cuts against crypto’s reputation as an untraceable financial medium for hackers ... on May 8 paid roughly $4.4 million in cryptocurrency to hackers holding its computer systems hostage, the Federal Bureau of Investigation followed the digital money.
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Feds upend idea of untraceable bitcoin

Finance & Commerce 10 Jun 2021
On Monday, the Justice Department announced it had traced 63.7 of the 75 Bitcoins — some $2.3 million of the $4.3 million — that Colonial Pipeline had paid to the hackers as the ransomware attack shut down the company’s computer systems, prompting fuel shortages and a spike in gasoline prices.
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Colonial Pipeline investigation upends idea that Bitcoin is untraceable

Atlanta Journal 10 Jun 2021
The digital currency quickly became as popular with drug dealers and tax evaders as it was with contrarian libertarians.ExploreFeds recover majority of ransom Colonial Pipeline paid to hackers ... The Bitcoin ledger can be viewed by anyone who is plugged into the blockchain ... “Just putting it on a blockchain doesn’t absolve that fact.”.
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Bitcoin transaction: Easy steps

Cryptopolitan 10 Jun 2021
You will learn how to do Bitcoin transactions, how they work, the costs, the blockchain technology, and its advantages including how to go about it without exposing yourself to risks ... Whatever transaction you make is public and can be seen in the blockchain ... The blockchain records transactions between different users.
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Bitcoin proves double-edged sword for criminals

Straits Times 09 Jun 2021
The lesson is one that has been learnt by cybercriminal hackers Darkside the hard way after the organisation extracted a US$4.4 million (S$5.8 million) ransom from oil company Colonial Pipeline in bitcoin ... Firms specialising in blockchain analysis have developed, such as Chainalysis in the United States and Elliptic in Britain.
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Cryptocurrencies can be double-edged sword for criminals

Straits Times 09 Jun 2021
The lesson is one that has been learnt the hard way by cyber-criminal hackers Darkside after the organisation extracted a US$4.4 million (S$5.8 million) ransom from oil company Colonial Pipeline in Bitcoin ... Firms specialising in blockchain analysis have developed, such as Chainalysis in the United States and Elliptic in Britain.
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Bitcoin proves a double-edged sword for criminals

Live Mint 09 Jun 2021
The lesson is one that has been learnt by cybercriminal hackers Darkside the hard way after the organisation extracted a $4.4 million ransom from oil company Colonial Pipeline in bitcoin ... But the blockchain is also public and available to everyone to download and piece together who might own the anonymous addresses where the bitcoin arrives.
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Algorand DeFi app Yieldy.Finance reports $8 million TVL in first 48 hours

CryptoNinjas 08 Jun 2021
In preparation for the June 17th, 2021 launch date — when Yieldly’s DeFi liquidity pools open to the wider public — Yieldly successfully concluded a hacker-resistant smart contract and blockchain audit by Halborn.

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