cybersecurity

‘Crocodilus’ Malware Steals Seed Phrases, Targets Crypto Users Globally

‘Crocodilus’ Malware Steals Seed Phrases, Targets Crypto Users Globally

Threat Fabric’s Mobile Threat Intelligence (MTI) team has warned cryptocurrency users about a new variant of the Crocodilus mobile malware, now equipped with an automated seed phrase collector. Malware Features Seed-Phrase-Collecting Parser The Mobile Threat Intelligence (MTI) team at Threat Fabric has issued a warning to cryptocurrency users about a new variant of mobile malware, […]

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Insurers Eye Kidnap and Ransom Policies for Wealthy Crypto Holders

Insurers Eye Kidnap and Ransom Policies for Wealthy Crypto Holders

Insurance companies are considering the launch of kidnap and ransom policies aimed at wealthy cryptocurrency holders, driven by increasing concerns over kidnappings of crypto entrepreneurs. K&R Insurance for Crypto Holders U.S. insurance companies are reportedly contemplating launching products specifically for wealthy cryptocurrency holders. The insurers hope these products, known as “kidnap and ransom (K&R) policies,”

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MEXC Reports 200% Surge in Coordinated Fraud Attempts in Q1 2025

MEXC Reports 200% Surge in Coordinated Fraud Attempts in Q1 2025

Cryptocurrency exchange MEXC reported a significant 200% increase in coordinated fraudulent trading activity in the first quarter of 2025. Most fraudulent activity is concentrated in Asia, with India accounting for nearly 27,000 or 33% of flagged accounts. Fraudulent Activity Concentrated in Asia Cryptocurrency exchange MEXC reported a sharp, 200% increase in coordinated fraudulent trading activity

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U.S. Banking Groups Urge SEC to Scrap Cyber Disclosure Rule, Citing National Security Risks

U.S. Banking Groups Urge SEC to Scrap Cyber Disclosure Rule, Citing National Security Risks

On January 31, 2024, leading U.S. banking trade groups, including the American Bankers Association (ABA), the Bank Policy Institute (BPI), and the Securities Industry and Financial Markets Association (SIFMA), sent a formal petition to the U.S. Securities and Exchange Commission (SEC) requesting that it withdraws a controversial cybersecurity incident disclosure rule. The petition, submitted on

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Zoom/Telegram Deepfake Attack Vector Rises: Crypto Founders Targeted

Zoom/Telegram Deepfake Attack Vector Rises: Crypto Founders Targeted

Sandeep Nailwal, founder of Polygon, warned about a recent incident involving a hack of one of his contacts that utilized social engineering and deepfakes on Zoom to compromise other Telegram contacts. The attackers sought to install a component that would allow them to gain access to the victims’ computers. Zoom/Telegram Hacks: Polygon Founder Describes Modus

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Ethereum Foundation Launches Trillion Dollar Initiative to Scale Onchain Security

Ethereum Foundation Launches Trillion Dollar Initiative to Scale Onchain Security

The Ethereum Foundation announced the “Trillion Dollar Security” (1TS) initiative, a three-part plan to enhance Ethereum’s resilience for high-value institutional and individual use. Ethereum’s 1TS Initiative Focuses on Protocol, Smart Contract Risks The project aims to enable billions of users to securely store over $1,000 each onchain and support single contracts holding more than $1

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Solana’s Overnight Emergency Upgrade Raises Concerns About Its True Level of Decentralization

Solana’s Overnight Emergency Upgrade Raises Concerns About Its True Level of Decentralization

In April, Solana network participants implemented an emergency upgrade to address a serious security vulnerability that could allow attackers to mint and steal tokens. Nonetheless, the coordinated effort to execute the mitigation measures and patch the vulnerability has raised concerns about the network’s level of decentralization. Solana’s Quiet Emergency Upgrade Raises Concerns Among Crypto Actors

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Certik Reports 4 Million in Crypto Losses for April 2025, Phishing Dominates at 7 Million

Certik Reports $364 Million in Crypto Losses for April 2025, Phishing Dominates at $337 Million

Certik, a leading blockchain security firm, reported on April 30, 2025, that the crypto industry lost approximately $364 million to exploits, hacks, and scams in April, with $18.2 million returned, resulting in a net loss of $345.8 million. The firm highlighted that $337 million of the total losses stemmed from phishing attacks, underscoring the persistent

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