Bitcoin community adapts to hackers and fraudsters
The Bitcoin community has adapted to verbal, criminal and cyber attacks on the currency, an academic paper due for release tomorrow, reveals. The attacks - whether from hackers, fraudsters or government regulators - seem to be strengthening the community, the research Breaking Out of the Bank in Europe - Exploring Collective Emergent Institutional Entrepreneurship Through Bitcoin suggests. The rise in discussion of attacks in the last two years, as well as the increasing number of start-ups like Bitpay, Coinbase and Coinsetter, have collectively increased awareness and improved....
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A group of hackers exploited the Twitter account of a crypto exchange, Gate io, to promote fraudulent activities. In an attempt to access the users’ wallets, fraudsters posted a fake giveaway of Tether (USDT) through the social media account. By offering 500,000 USDT in rewards, they tweeted to ask users to connect wallets with a […]
Hacken, a prominent cybersecurity, blockchain and cryptocurrency community is organizing the First Grey Hat Hackers Idea Competition where hackers and computer enthusiasts can submit their ideas to detect and counter vulnerabilities in crypto and DeFi projects. The hackathon offers Grey Hat hackers an opportunity to implement their ideas with the support of the Hacken community […]
No one can argue that bitcoin has become a phenomenon that can't ever be overlooked; the number of mainstream businesses adopting it, as a payment method, is increasing steadily and more and more venture capitalists are chipping in into various bitcoin startups. However, as the world's first cryptocurrency is becoming more and more popular, this comes with a serious premonitory, especially that the anonymity offered by the blockchain technology is so tempting to hackers and fraudsters. Whenever you become a victim of identity theft leading to loss of funds off your credit card or bank....
Community members of the cybersecurity company Hacken recently launched the First Grey Hat Hackers Ideas Competition. The competition website itself was later hacked. After the hack, those behind the breach used their access to leave a message announcing a new DeFi project along with more information for the Hackathon’s organizers. Here’s all you need to know about the world’s first Grey Hat hacker built DeFi project. First Grey Hat Hackathon Attracts World-Class Hackers Hacken community organizer […]
2022 is a rough year for the DeFi ecosystem as hackers continue exploiting the community. From the beginning of the year till now, news of DeFi protocol exploits keeps flooding the crypto industry. So the question is: why do hackers keep targeting decentralized finance protocols? Today’s report reveals that three DeFi protocols have suffered hack […]