Category Archives: hacking

Auto Added by WPeMatico

Monero's Website Compromised With Crypto Stealing Malware

Monero Website Compromised with Crypto Stealing Malware

Monero's Website Compromised With Crypto Stealing Malware

On 19 November 2019, a security breach on the official website of Monero paved way for a malicious version of the software, placing user funds in peril. The said software was expected to steal cryptocurrency, according to a Twitter post published by an XMR core team member.

#Monero Security Warning:

CLI binaries available on https://t.co/UYopePqqdo may have been compromised at some point during the last 24h. Investigations ongoing.https://t.co/BqnONy4PPg

— Monero || #xmr (@monero) November 19, 2019

The announcement stated a possible manipulation of the command-line interface (CLI) binaries. The post noted that many users observed that the hash of the downloaded binaries did not match the expected hashes. The Reddit announcement read:

“It appears the box has been indeed compromised and different CLI binaries served for 35 minutes. Downloads are now served from a safe fallback source. […] If you downloaded binaries in the last 24h, and did not check the integrity of the files, do it immediately. If the hashes do not match, do NOT run what you downloaded.”

Organizer of Monero Malware Response Workgroup, Justin Ehrenhofer, stated that despite a history of several malicious attacks at Monero, this was, in fact, the first time it got affected. While funds had been in jeopardy, the researchers’ investigation showed that the attackers might even have had the power to implement unauthorized actions on the user’s behalf.

One user even came forward and reported a theft of coins from the malware. A Reddit user going by the name moneromanz stated that it happened “…roughly 9 hours after I ran the binary a single transaction drained the wallet. I downloaded the build yesterday around 6pm Pacific time.”

Amid the chaos, Monero is trying to resolve the issue at the earliest while appealing for user cooperation. Users can still use the reliable version of the wallet through the link of the corrected hashes as shared by the team.

 

BitcoinNews.com is committed to unbiased news and upholding journalistic codes of ethics. For more information please read our Editorial Policy here.

Follow BitcoinNews.com on Twitter: @bitcoinnewscom
Telegram Alerts from BitcoinNews.com: https://t.me/bconews

Image Courtesy: Pixabay

The post Monero Website Compromised with Crypto Stealing Malware appeared first on BitcoinNews.com.

Investment Heavyweights Add Investment Spark to Digital Security Firm Fireblocks

Investment Heavyweights Add Investment Spark to Digital Security Firm Fireblocks

Fireblocks, a platform which secures and protects digital assets in transit, is getting some serious backing for its latest project from the proprietary investment arm of Fidelity International.

The USD 16 million in Series A funding from investment heavyweights including Cyberstarts, Tenaya Capital, and Eight Road will now enable Fireblocks to seek further backing and further increase its development.

The company is certainly a friend of the industry enabling users to safeguard themselves from digital hacks and being compromised online. Their platform now offers users increased security using industry standard protection. Exchanges are increasingly looking at companies such as this to protect the transmission of storage of digital assets.

The platform also allows the use of several layers of security including passwords, biometrics, and two-factor identification, which have all now become industry standard. Co-Founder Michael Shailov stated that his main aim is to eliminate cybercrime and protect clients from such events as “clearly sophisticated hacking by true professionals, including nation-states“.  Even governments around the globe are now considering blockchain as part of their anti-hacking protection. Shailov explained that transfer speed is becoming more important as a means of protecting users:

“There was a need to take assets, either native to the blockchain or tokenized assets or securities, and move, trade, sell them in a reasonably fast time frame… Keeping assets locked down in cold storage like a traditional custodian is antithetical in the way [investment firms dealing in crypto] operate.”

The company has grown quickly from its startup this year with hundreds of millions of dollars’ worth of crypto transfers already successfully protected, with a network linked to 15 exchanges and 180 cryptocurrencies, including tokens and stablecoins.

 

Follow BitcoinNews.com on Twitter: @bitcoinnewscom
Telegram Alerts from BitcoinNews.com: https://t.me/bconews
Image Courtesy: Pixabay

The post Investment Heavyweights Add Investment Spark to Digital Security Firm Fireblocks appeared first on BitcoinNews.com.