Ledger Wallets Drained in Crypto's Latest Hack
Hackers stole $484,000 last Thursday after inserting malicious code into the Github library for Connect Kit, a widely-used piece of blockchain software maintained by the crypto wallet firm Ledger.? Ledger CEO Pascal Gauthier has addressed the Dec. 14 hack of the wallet provider’s hack in a post on the company’s blog. He said the hack of Ledger’s Javascript connector library was an “isolated incident” and promised stronger security control. ?
The exploit ran for less than two hours and was deactivated within 40 minutes of discovery and was limited to third-party decentralized applications (DApps), Gauthier said. It was made possible after a former employee fell victim to a phishing scam, he said. That employee’s identity was allegedly left behind in the hacked code. Ledger hardware and the Ledger Live platform were not affected.? ?
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Former Amazon Engineer Admits to Multi-Million Dollar Crypto Exchange Hacks
In a dramatic twist in the world of cryptocurrency security, former Amazon security engineer Shakeeb Ahmed has confessed to orchestrating sophisticated hacks on two cryptocurrency exchanges, netting over $12.3 million in July 2022.?
Israeli Police Accuse Investor Hogeg of $290 Million Crypto Scam
Israeli police accused businessman Moshe Hogeg and his partners of defrauding investors of $290 million in a cryptocurrency scam after a two-year investigation into the former owner of an Israeli Premier League soccer team.
Alleged Crypto Investment Scam Worth $80M Sees Four People Charged With Money Laundering in U.S.
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A scheme for allegedly laundering the proceeds of crypto investment scams has resulted in charges against four people in Los Angeles, the U.S. Department of Justice (DOJ) said on Thursday.
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Educational
Zero Knowledge Proof — Everything You Need to Know
Zero Knowledge Proof (ZKP) is a cryptographic technique that enables one party, known as the prover, to demonstrate to another party, known as the verifier, that a certain statement is true, without revealing any additional information beyond the validity of the statement. Read our article to learn more!
Binance Smart Chain Audits: All You Need To Know
The world's largest cryptocurrency exchange, Binance, developed the Binance Smart Chain (BSC) blockchain network as a quicker and less expensive alternative to Ethereum. To improve the security and usefulness of a BSC token, token developers should adopt the recommendations and best practices detailed in the audit report. Read our comprehensive article to learn more!