Coinbase Discards Cryptocurrency Links After ‘Rug Pull’ Threats

Web3 tumbles as the Solana-based stablecoin Cashio lost its value after an experienced attacker exploited it for around $28 million. As the bloodshed of rug pulls grows, it is worth discussing what is at stake in the bigger picture. Related Reading | Coinbase Discards Cryptocurrency Links After ‘Rug Pull’ Threats How It Happened A researcher from […]

San Francisco-based Coinbase is slated to roll out a new feature allowing for device verification this week, according to a security-oriented announcement made on their blog on Tuesday. The device authentication feature is just exactly as it sounds, allowing users of the service to create a list of authorized devices (new devices can be added any time) from which their accounts can be accessed. In other words, if it's not listed, you're not getting in. It's all in effort to better protect the user from the seemingly endless amounts of account phishing and hacking attempts. Coinbase also....

The cryptocurrency hardware wallet firm Ledger was hacked last June and over a million emails were exposed, according to reports from the company at the time. Months later, the hackers who obtained the Ledger data emailed clients, sent texts to customers, and created phishing links for users to enter their seeds. One customer allegedly lost $50k and during the last week, the company has been getting inundated with complaints on social media. Last Summer’s Ledger Wallet Data Breach Leads to Phishing Scams The Ledger hackers who obtained roughly a million customer emails and possibly....

While Coinbase seems to be facing imminent court action from the Security and Exchange Commission, it is signing new deals with other government agencies. The SEC is fighting against the Coinbase lending product, and the exchange says it refuses regulation through litigation. However, all the threats seem not to be holding the exchange back. Since […]

Threats related to cryptocurrency have followed prices, decreasing significantly after the market slump in May, suggests a recent report released by a leading internet security firm. Detections fell by almost a quarter but Russia remains the most affected country, with the U.S. ranking in the top three as well. ESET: 1 in 10 Crypto-Focused Threats Detected in Russia Software threats in the crypto space, mining malware in particular, are quite dependent on developments in the cryptocurrency market, cybersecurity company ESET has concluded in its Threat Report T2 2021. However,....