Ethereum Smart contract and dApp developer Level K has uncovered the existence of a vulnerability within the Ethereum framework that potentially allows bad actors to mint large amounts of GasToken when receiving ETH. In a blogpost published on November 21, the company revealed that the weakness has been flagged to most at-risk exchanges who have
Despite attempts to weed out fake cryptocurrency apps on the Android marketplace, the war is far from being won. Cybersecurity researcher Lukas Stefanko recently came across four fake crypto apps in the Google Play Store that impersonated Ethereum wallet MetaMask, as well as the Tether and NEO cryptocurrencies. According to Stefanko, the apps have been
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The number of websites sneaking in malware to mine cryptocurrencies such as Monero has grown by over 700% in recent months. Have you been affected?
Exponential Increase in Web Miners
This unprecedented rise seen recently in the cryptocurrency market has not come with its fair share of problems and controversy. It makes sense that in an emerging market that people will try to take advantage of newly emerging markets to turn a profit.
Whether this is with or without malicious intent, emerging markets always experience similar scenarios. In the case of cryptocurrencies, this has partially taken form in a vast amount of scams and malicious hacks and breaches.
An anonymous user on Pastebin has provided evidence that some wallet software may be generating private keys that can be easily discoverable, and therefore easy to take any bitcoins associated with that address. There has been no word on what wallet software is possibly affected, nor if this is a malicious act or a simple coding error.
TL;DR – Scroll to the last subsection
What is a Private Key?
I’m going to give a little bit of background and explain some terminology for those who don’t know how bitcoin works under the hood. The first thing is a private key. If you think of your bitcoin wallet address as a lock, the private key is the key used to unlock it and spend the funds inside.