Friday, April 26, 2024
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Crypto YouTuber Losses $60K after Exposing Seed Phrases on Live Stream

August saw the crypto industry lose around $24 million in virtual assets due to various hacks and exploits. On August 30, Ivan Bianco, a prominent blockchain gaming-focused YouTuber known for his channel “Fraternized Crypto,” faced a devastating loss of approximately $60,000 in cryptocurrencies during a live stream. This unfortunate incident occurred

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Hidden as colors, crypto seed phrases could hide in plain sight, says dev

A newly released tool called “BIP39 Colors” is turning Bitcoin (BTC) and other crypto wallet seed phrases into colors — giving users a potentially new way to hold their funds in cold storage.The developer, only known as Entero Positivo — Spanish for “positive integer” — released BIP39 Colors on June 25, which

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Tether flees from banks, Ledger’s backdoor for seed phrases and more

Banks want to reduce exposure to crypto businesses, just as crypto businesses are seeking to reduce exposure to the ongoing banking crisis. Tether’s latest audit report shows that the stablecoin issuer withdrew over $4.5 billion from banks in the first quarter to reduce counterparty risk following Circle’s troubles during the

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Users will decide if they can still trust Ledger with their seed phrases

Self-custody is important in crypto, and security is essential to self-custody. Ledger, a notable hardware wallet manufacturer, has built its reputation on the secure storage of users’ private keys. Hardware wallets create a secure offline environment for storing keys and using keys to execute transactions.The user’s private keys are generated

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