Ripple Co-Founder Suffers $150 Million XRP Loss In LastPass Hack, Crypto Sleu...
In an interesting turn of events, the January 2024 theft of 283 million XRP (worth approximately $150 million at current market price) from the wallet of Ripple co-founder Chris Larsen has been linked to the security breach of password manager LastPass. This discovery was recently made public by prominent blockchain investigator ZachXBT. How Did The […]
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Users of the LastPass password manager application have now lost $4.4 million worth of crypto assets in a single day. This development comes a year after LastPass shared that hackers had gained access to its cloud storage keys and dual storage container decryption keys. Related Reading: HTX (Huobi) Hacker Returns $8 Million In Stolen Crypto […]
One of Turkey’s most prominent crypto exchanges BtcTurk has suffered a cyber attack leading to unauthorized access to some of its hot wallets. The exchange has reported some level of asset loss, however, they claim enough financial stability to overcome this setback. Related Reading: May Madness: Crypto Industry Suffers $385 Million Loss To Hackers $5.3 […]
LastPass, commonly known as the most popular password manager and vault around has hinted at Bitcoin acceptance as payment for its paid (and premium) accounts. Widely-used password manager and storage vault LastPass could soon begin accepting bitcoin as payment from users. The reveal came via a social media post recently from its support account, stating that Bitcoin support is on the company’s roadmap. A popular password vault among individuals and enterprise, LastPass uses AES-256 bit encryption alongside PBKDF2 SHA-256 and salted hashes for password protection and security. The....
Password manager service LastPass announced last week that they experienced a data breach that exposed users' email addresses, encrypted passwords and cleartext password reminder hints. Following the good advice to never use the same password twice, and to choose passwords that are difficult to guess (and remember), many people use password management sites such as LastPass. But the problem with using a Web-based third party to store your passwords is that they can get hacked, too. LastPass certainly took many security precautions, and some of them worked. For example, LastPass never had....
Following the hack at Bitfinex, many people stand to lose money as the company spreads losses among users. A 36% haircut was announced, but some users claimed even bigger losses. American tax accountant Daniel Winters explains how the IRS could allow U.S. taxpayers to deduct their losses from the Bitfinex hack. Tax Deduction for Bitfinex Hack Victims.....