New Crocodilus Malware Targets Android Crypto Users
A newly discovered Android malware, named Crocodilus, deceives users into revealing their cryptocurrency wallet seed phrase by displaying a warning to back up the key to avoid losing access.
A newly discovered Android malware, named Crocodilus, deceives users into revealing their cryptocurrency wallet seed phrase by displaying a warning to back up the key to avoid losing access.
Scams, exploits, and hacks targeting the crypto industry declined in the last months of 2021, with December seeing the lowest amount of funds stolen.
XT.com, a cryptocurrency exchange with a daily trading volume of $3.4 billion, has temporarily halted withdrawals due to a suspected hack resulting in a loss of $1.7 million.
A man has been given a five-year prison sentence for his involvement in stealing and laundering about 120,000 bitcoin, valued at over $11 billion based on current prices, from the cryptocurrency exchange Bitfinex.
The month of October saw various security incidents in the cryptocurrency world, such as exit scams, flash loan attacks, and exploits, resulting in a total of $129.6 million in losses.
Radiant Capital, a platform facilitating cross-blockchain lending and borrowing of cryptocurrency, suffered a major security breach on Wednesday.
Crypto exchange BingX, which is based in Singapore, has confirmed a security breach after noticing multiple withdrawals from one of its online hot wallets that seemed suspicious.
"A purely peer-to-peer version of electronic cash would allow online
payments to be sent directly from one party to another without going through a
financial institution." - Satoshi Nakamoto (Bitcoin White Paper)
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