HackMiami Publishes Whitepaper 'Analysis of the Cryptocurrency Marketplace,' Comprehensive Overview of Bitcoin, Litecoin and Related Attack Vectors Leveraged by Hackers
HackMiami has released a comprehensive whitepaper that outlines technical details of cryptocurrencies such as Bitcoin and Litecoin. The 35 page document gives a detailed overview of the cryptocurrency marketplace, including both legitimate and underground economic activity, and goes over attack methods being used by hackers for the theft and attacks against cryptocurrency users.
"As the prominence of cryptocurrenices such as Bitcoin and Litecoin continue to grow, so will the interest of malicious actors seeking more efficient monetization and cashout methodologies. Attacks against users and businesses will come in the form of wallet thefts, breaches of third party wallet services, and increased government regulations," stated Alexander Heid, author of the whitepaper and President of HackMiami.
The whitepaper release is preparation for the "Cryptocurrency Panel Discussion," scheduled to take place at the Defcon Skytalks hacking conference August 3rd, 2013 in Las Vegas, Nevada.
The panel will be moderated by Alexander Heid, and will feature an array of white hat hackers and information security professionals, some of whom are operators of cryptocurrency mining operations and merchants that accept Bitcoin as a form of payment. The panel will feature James Ball, treasurer of HackMiami, Chris Snyder, a network security specialist, Travis Tolle, professional cryptographic hardware consultant, and Bryce Case, also known as YTCracker, the famed nerdcore rapper who released the cryptocurrency themed hip-hop song "Bitcoin Baron."
About HackMiami
HackMiami is the premier resource in South Florida for highly skilled hackers that specialize in vulnerability analysis, penetration testing, digital forensics, and all manner of information technology and security.
HackMiami seeks to develop and harness the participation of the information security community through regular events, presentations, labs and competitions. These events allow the hacker community a forum to present their research, develop new techniques and methodologies, and at the same time provides valuable a networking resource for contracting opportunities.
Visit the official HackMiami website at http://www.hackmiami.org/
Related News
Decentralized organizations have a tendency to require much input from very few people, with the vast majority relying on their free and voluntary work. However, as they provide their input due to simple interest, they may be unwilling to take a fully comprehensive and professional approach. The volunteers eventually take a semi-leadership position, but lacking a paid incentive, seemingly simple things are not done, what is done may be sub-par with accountability nowhere to be found because they are, after all, just volunteers with no responsibility to anyone. In responding to criticisms....
The ATM Industry Association (ATMIA) has published a report titled "An Introduction to Bitcoin ATMs", providing the industry's first in-depth view of bitcoin and its implications for the ATM world. The ATMIA commissioned the report, which was written by Tremont Capital Group, a leading consulting firm specializing in the ATM industry. "We've been asked as an industry body to comment on the significance of bitcoin and digital currencies to the ATM and cash industries," said Mike Lee, the association's CEO. "This paper is our first report of many which will enable us to draw some logical....
Blockchain records show the hackers got away with more than $2,051,159 in DAI before moving the funds to a different address. Hackers were reportedly able to exploit savings pools at Gibraltar-based decentralized finance protocol Akropolis, getting away with more than $2 million in stablecoins. The firm stated on Twitter on April 12 that it had identified a hack “executed across a body of smart contracts in the savings pools.” Akropolis said the areas targeted by the hackers had already been audited twice, and only included “Curve Y and Curve sUSD savings pools.”Ethereum blockchain records....
An analysis of several dozen hacks identifies the main vectors and typical vulnerabilities in the decentralized finance sector. The decentralized finance sector is growing at a breakneck pace. Three years ago, the total value locked in DeFi was a mere $800 million. By February 2021, the figure had grown to $40 billion; in April 2021, it attained a milestone of $80 billion; and now it stands at above $140 billion. Such rapid growth in a new market could not but attract the attention of all manner of hackers and fraudsters.According to a report by crypto research company, since 2019, the....
Cyber security is a growing concern among individual users and enterprises these days. State-sponsored hacking attempts are becoming more common, and there seems to be no improvement in sight. Blockchain technology could alleviate a lot of concerns, due to its decentralized and distributed nature. Mainly the financial system seems vulnerable to these....