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“# Warning: How ‘One Time Password’ bots can steal all your crypto ” Cybercriminals are using bots purchased on Telegram to trick users into giving them access to their cryptocurrency accounts. According to a report from cybersecurity firm Intel471, One Time Password (OTP) bots are “remarkably easy to use” and are relatively inexpensive to operate…
“# Making sense of the Bitfinex Bitcoin billions ” It’s the Netflix script that wrote itself. A story so outlandish, it’s stunned the crypto community; an industry accustomed to apparent suicides in Spanish jail cells and nonfungible token auctions for dead rappers. The plot involves the United States Department of Justice (DoJ), a crypto exchange…
“# OpenSea customer service migrating from Discord to Metalink to more adequately protect its community ” On Tuesday, nonfungible token, or NFT, platform OpenSea launched a server on Metalink to give the verified owners of its collections a direct channel for support, feedback and updates. In addition, OpenSea said it would no longer offer customer…
“# Bitfinex money laundering: Husband faces pre-trial detention, wife gets bail ” The husband-wife duo accused in the infamous $3.6 billion Bitcoin (BTC) money laundering case had quite a contrasting valentine. A federal judge upheld the decision of a suspended release for wife Heather Morgan while husband Ilya Lichtenstein has been sent to pre-trial detention….
“# Finance Redefined: Alchemy raises $200M, Bunny goes DAO, Feb. 4–11 ” Welcome to the latest edition of Cointelegraph’s decentralized finance newsletter. As the DeFi space continues its technical resurgence, essential news on funding, innovation and DAOs continues to drive adoption in what remains a nascent industry. For the full version of this newsletter including…
“# Netflix announces new series on Bitfinex hack involving 120,000 Bitcoin ” Streaming and production giant Netflix will soon produce a documentary series on the infamous Bitfinex hack — one of the biggest financial crimes from 2016 stealing 119,756 Bitcoin (BTC) — worth $72 million at the time. The Netflix documentary will be centered around…
“# iOS jailbreak dev wins $2M bounty for finding critical Optimism bug ” Developers from the Ethereum Layer 2 scaling project Optimism announced that a “critical bug” had been identified and subsequently patched earlier this month. The bug, which could have enabled hackers to create as much ‘ETH’ in a Optimism account balance as they…
“# Finance Redefined: Wonderland reveal and Wormhole hacked, Jan. 28–Feb. 4 ” Welcome to the latest edition of Cointelegraph’s decentralized finance newsletter. It’s been a tumultuous week of doxxing, hacks, bailouts and new highs in the decentralized finance space. Read on to recap the most impactful stories of the last seven days. This article represents…
“# $2.5B in stolen BTC from Bitfinex hack awakens ” A chunk of the inactive Bitcoins (BTC) stolen in the 2016 Bitfinex exchange hack has moved from the hacker’s wallets to an unknown wallet on Tuesday, as detected by blockchain analytics bot Whale Alerts. 20 transactions involving the stolen Bitcoins were flagged. A sum of…
“# Binance user protection insurance fund reaches $1B valuation ” Binance, the world’s leading crypto exchange by trading volume, announced its Secure Asset Fund for Users (SAFU) reached a $1 billion valuation. The user protection insurance fund was set up in July 2018 to protect users’ interests. Binance committed a portion of the trading fee…