The Reported Number of Stolen BTC Drops by 92% as ‘Bitcoin Security Appears t...
The number of stolen bitcoins that were publicly reported in 2020 dropped to 4,472 coins or 0.02% of the digital asset’s circulating supply. This new figure represents a 92% drop from the 56,870 reported in 2019. When using current bitcoin prices, the 2020 thefts caused losses that are equivalent to $140 million versus the 2019 equivalent of $1.78 billion. According to data that was shared by Jameson Lopp, the CTO at Casa, this marked decrease in the number of reported thefts means “bitcoin security appears to be improving.” The CTO also clarifies the meaning of the term....
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Google has released an advisory to developers on how to deal with the recently discovered flaw in Android that led to the theft of thousands of dollars in bitcoin from mobile app wallets. The [then] potential flaw was first reported on the Bitcoin forum, where it was reported that over 55 BTC had been stolen from multiple users to the same bitcoin address. The forum user also reported that the (software) clients that had been stolen from had signed the transaction messages with the same random number. This in turn led some to believe that Android's pseudo random number generator (PRNG) was....
Ian DeMartino broke the big news this week when he reported Thursday that Microsoft quietly began accepting bitcoins via BitPay. Following up on the story of security issues at Blockchain.info, Amanda B. Johnson reported Thursday that whoever stole the 255 BTC from the wallet provider had returned all the money. Allen Scott reported Thursday that the Russian government appears all too eager to fast-track anti-cryptocurrency legislation. “Microsoft is allowing people to fund their Microsoft accounts with bitcoin, not to make direct purchases. Microsoft account holders simply go to....
Hundreds of thousands of computers have reportedly been affected by malware called 'Pony', which is allowing attackers to steal bitcoin and a slew of other digital currencies. The news was reported by a security firm called Trustwave, who notes that somewhere on the order of 85 digital wallets have been stolen - translating to about $200,000. "It is the first time we saw such a widespread presence of this type of malware. It was on hundreds of thousands of machines," Ziv Mador of the company said. It's unclear who exactly is behind the malware, but Trustwave has reason to believe the....
Bitfinex reports it has discovered a security breach that requires a halt to all trading on its platform. The exchange also claims that Bitcoins belonging to some of its users are stolen. The company states on its website: “We are investigating the breach to determine what happened, but we know that some of our users have had their bitcoins stolen. We are undertaking a review to determine which users have been affected by the breach. While we conduct this initial investigation and secure our environment, bitfinex.com will be taken down and the maintenance page will be left up.” Bitcoin....
The funds returned so far has come in the form of Ether (ETH), Binance-pegged ETH and BNB ($14.2 million). A quick response from a number of blockchain security companies has helped facilitate the return of around 70% of the $23 million exploit of decentralized exchange (DEX) aggregator Transit Swap.The DEX aggregator lost the funds after a hacker exploited an internal bug on a swap contract on Oct. 1, leading to a quick response from Transit Finance team along with security companies Peckshield, SlowMist, Bitrace and TokenPocket, who were able to quickly work out the hacker’s IP, email....