A Wells Fargo bank manager was convicted of embezzling $655,000 from the bank’s vault and ATMs, highlighting the need for stricter anti-money laundering measures and robust security protocols in traditional banking and cryptocurrency systems.
Trust Wallet will cover $7M lost in a Christmas Day hack, as announced by Binance CEO CZ. The malicious extension also exported users’ personal information, raising concerns about potential insider activity. Cybersecurity firm SlowMist is investigating the incident.
Adam Back showcases Bitcoin’s potential quantum resistance capabilities through the Taproot network upgrade, mitigating the threat of quantum attacks on the Bitcoin network.
XRP is advancing in quantum resistance with a major testnet upgrade, potentially outpacing Bitcoin which may take years to achieve similar security upgrades, leading to a possible technological gap between the two.
A crypto user has lost 50 million USDT in an address spoofing scam, highlighting the need for increased awareness and vigilance in the crypto community to prevent such losses.
A 23-year-old Brooklyn resident has been charged with stealing approximately $16 million in cryptocurrency from around 100 Coinbase users, highlighting the growing concern of crypto-related crimes.
Upbit enhances security by increasing cold wallet storage to 99%, reflecting a significant industry trend towards asset protection.
Cardano’s Hydra upgrade faces security concerns, raising risks for investors and potential market implications.