A $99 Trezor Could Have Prevented the $70M Bitfinex Theft
The Bitfinex hack was an unfortunate time for Bitcoin users as the exchange had lost roughly $70 million USD in customer funds. Thus, the topic of security is on everyone’s lips as two hardware wallet manufacturers — Trezor and Ledger — are claiming that the hack could have been prevented with one affordable device. Trezor Wants to Stop Bitcoin Exchange....
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Following the hack of exchange Bitfinex and the theft of almost 120,000 BTC ($60 million), suggestions are surfacing that regulation prevented its funds from being placed in cold storage wallets. Fingers Point at BitGo, Regulators. As the investigation into the sequence of events and their cause continues, blame is being shifted between Bitfinex, its....
Recently Bitcoin.com reported on SatoshiLabs showing off its Trezor 2 prototype before the Paralelní Polis event in Prague. The company has now revealed more information concerning the Trezor 2 and its new security application suite — Trezor Core. SatoshiLabs Reveals More Information About Trezor 2. SatoshiLabs has been a Bitcoin industry forerunner for....
It's been a day for reporting hardware incarnations of Bitcoin. First we had Firmcoins, and now we have the more established Trezor team taking pre-orders for its self-named Bitcoin wallet-cum-dongle. There are two versions of the device. A plastic-encased model, set for a November 2013 release, sells for 1 BTC. That is followed by a brushed aluminum version which costs 3 BTC and is slated for an October 2013 release. Pre-ordering for either of the wallets is available through the Trezor eShop. "This Pre-Order allows you to purchase a TREZOR today and be among the first TREZOR owners when....
The fake Trezor app has been downloaded by at least 1,000 people on the Android’s app store Google Play. Trezor, a major hardware cryptocurrency wallet supplier, has warned its users about a fake Trezor application on Google Play.According to Trezor, the fake app is malicious and has no relation to Trezor or SatoshiLabs, a company that created the Trezor wallet. Announcing the news on Jan. 18, Trezor asked its clients to not install the malicious application, reminding users that they should never share their seed phrase with anyone.Warning to all Trezor owners using Android devices! This....
Nearly two weeks after losing more than $60m in customer funds, Bitfinex reports it has not yet identified how the theft was carried out. In a statement released earlier today, the exchange reported it had hired Ledger Labs, a blockchain consultancy previously contracted by ShapeShift following its own cybersecurity problems, to both investigate the theft as well as perform a balance sheet audit. Bitfinex further said that it is "reassessing" storage options in light of the hack. The incident would force the exchange to impose a 36% haircut on customer holdings, a move that....