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Update (July 7 at 9:33 PM UTC): This article has been updated to include Coinbase's response. Coinbase's users have been turning to Twitter to report scams and phishing attacks involving the company's services and applications in the recent weeks, including claims that scammers are using the crypto exchange's domain name.The most
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An anonymous Maximal Extractable Value (MEV) bot operator has cashed in well over $1 million this week by executing “sandwich attacks” against buyers and sellers of two new meme coins.The wallet address, linked to the Ethereum Name Service (ENS) domain “jaredfromsubway.eth” made $950,000 from the sandwich attacks on April 18
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When it comes to cryptocurrency-related cyberattacks, bad actors have seemingly reduced the use of traditional financial threats such as banking PC and mobile malware, and instead have shifted their focus to phishing. Russian cybersecurity and anti-virus provider Kaspersky revealed that cryptocurrency phishing attacks witnessed a 40% year-on-year increase in 2022. The
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According to an April 10 post from Etherscan, the blockchain explorer has disabled the display of zero-value token transfers on its website by default. From now on, users must manually switch on the display from the website’s setting page. Etherscan said it had made the update to deter “address poisoning”
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“It should be well known, with a lot of funds raised, a lot of developers and reputable investors, a lot of hype around it and relevant to what’s happening in crypto at the moment,” Ilya said. Projects satisfying these criteria right now include zksynk, StarkNet and LayerZero, and everything related
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New risks discovered in multi-party computation (MPC) wallets and digital asset custody, Verichains reports. Leading blockchain security solutions provider Verichains announced the discovery of a critical attack possibility in the popular Threshold Signature Scheme (TSS), the function in a blockchain that enables a group of parties to collectively issue a
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To avoid becoming victims of an address poisoning attack, Metamask wallet users should ditch the practice of copying and pasting wallet addresses, the crypto wallet app support team has warned. Metamask users should instead “develop a habit of thoroughly checking every single character of an address” before sending a transaction. Scammers
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The agency overseeing the financial sector in Germany has issued a warning about the ‘Godfather’ malware attacking banking and crypto applications. Hundreds of these platforms have been targeted, the regulator noted, including those operating in the Bundesrepublik. Financial Authorities Advise Germans How to Protect Their Mobile Apps From Malware The Federal Financial
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It’s no secret that in 2022 the world of Web3 and decentralized finance (DeFi) experienced a slew of major exploits and attacks. From the Ronin bridge attack to the Nomad hack, the top 10 exploits alone saw over $2 billion lost.In the Beosin Global Web3 Security Report 2022, it revealed
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