Analysis Crypto by Thebittimes.Com

Monero’s community crowdfunding wallet recently fell victim to a security breach, resulting in the loss of its entire balance of 2,675.73 Monero, worth nearly $460,000. The attack on the privacy coin’s wallet occurred on Sept. 1 but was not revealed until Nov. 2 on GitHub. According to the company, the source of the breach remains unidentified and is still under investigation. Monero’s developer, Luigi, disclosed that a total of 2,675.73 XMR, valued at approximately $460,000, was stolen during the breach. He clarified that while the community crowdfunding system (CCS) wallet was emptied, the separate hot wallet for payments to contributors was unaffected, retaining a balance of around 244 XMR. You might also like: How blockchain security experts investigate hacks | Interview The CCS wallet, established in 2020 to fund community-driven development proposals, was operated from a single Ubuntu system running a Monero node on a Windows 10 Pro laptop. Luigi...

Fireblocks said the vulnerabilities affecting Coinbase, Binance, and Zengo have since been fixed and has reached out to more than 12 others still at risk. Over 15 widely-used crypto wallet providers and projects have gaping vulnerabilities that could potentially see millions of crypto wallets drained, according to digital asset infrastructure firm Fireblocks. In an Aug. 9 press release, Fireblocks said the series of vulnerabilities, dubbed BitForge, are affecting wallets using multi-party computation (MPC) technology, which allows for multiple parties to control and manage crypto currency holdings. 1/ The Fireblocks research team has uncovered BitForge, a set of vulnerabilities in some of the most widely adopted MPC protocols, that allow an attacker to retrieve a private key from a single device. Read on → https://t.co/xo2r9zgCvj pic.twitter.com/7q1nEeVBwO — Fireblocks (@FireblocksHQ) August 9, 2023 The identified issues were disclosed as “zero day” vulnerabilities — meaning ...

Hackers continue to create fake Web3-enabled websites to fleece unsuspecting victims’ browser-based wallets, with ETHDenver being the latest victim. A fake website of the popular Ethereum Denver conference is the latest phishing target of a red-flagged smart contract that has stolen over $300,000 worth of Ether (ETH). The popular conference saw its website duplicated by hackers this week in order to trick users into connecting their MetaMask wallets. According to Blockfence, which identified the fraudulent website, the smart contract has accessed more than 2,800 wallets and stolen over $300,000 over the past six months. Another day, another scam. This time the scammer targeted the @EthereumDenver website. Blockfence is here to protect you and fight scammers together: The scam contract was marked as "High Risk" by our ML algorithm and our partners at @GoplusSecurity pic.twitter.com/Jdtoz2Bgu4 — Blockfence (@blockfence_io) February 20, 2023 ETHDenver also issued a not...

Twelve months after Bitcoin’s last all-time high, seven-figure BTC balances have taken a hit. Bitcoin (BTC) millionaires are becoming an increasingly rare breed as numbers fall 80% in a year. According to the latest data from on-chain analytics firm Glassnode, there are now just 23,000 wallets with a BTC balance worth $1 million or more. 1 year, 90,000 fewer million-dollar BTC wallets In yet another indication of how far the crypto market has fallen since Bitcoin’s last all-time highs, Bitcoin millionaires have been seriously feeling the pinch. Glassnode, which tracks multiple cohorts of BTC wallets, confirms that as of Nov. 25, there were 23,245 with a balance worth over $1 million. Contrast that with the scene from Nov. 8, 2021, when the tally hit its peak as BTC/USD approached its latest $69,000 all-time high — then, there were 112,898 “ millionaire ” wallet s. Bitcoin wallets with a balance of $1 million or more chart. Source: Glassnode Such addresses have fallen in line with spot...