Bitcoin Security

As with any finances security is of paramount importance, more so with bitcoin considering its nature as a digital asset. When using online banking there are several steps to go through for security purposes. Bitcoin is a little different but the principles are the same. Many people choose to leave their bitcoin on an exchange in a hot wallet and let them handle the security side of things and the private key. This is not always the best idea for those holding a lot of bitcoin since exchanges can and do get hacked on occasion.

Other options for bitcoin security include cold wallets which are disconnected from the internet. These are far more secure but the user must be responsible for both the public and private keys and the physical hardware. There are other things to be aware of regarding bitcoin security such as taking care when copying BTC addresses. There has been a lot of malware lurking around recently which alters copied wallet addresses or poses as a genuine crypto application to compromise security.

We have a number of cyber security specialists at Bitcoinist who are constantly on the alert for the latest scam, hack or security vulnerability which we will report to keep you and your bitcoin safer.

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Operation Cryptosweep: Cryptocurrency Scammers Beware

A joint force, comprised of regulatory bodies from the U.S. and Canada, has announced that they will be facing cryptocurrency scams head-on and will investigate companies which do not...

Nick Chong | 1 year ago
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New Malware Uses Chrome Extensions for Crypto Mining

Researchers were able to detect malicious Chrome extensions that could be used for secret cryptocurrency mining. Hackers Targeting Cryptocurrency Users With the recent rise of digital...

Ashour Iesho | 1 year ago
Assassination Attempt: Greek Law Enforcement Foil Plot to Kill Suspected Cryptocurrency Criminal, Alexander Vinnik
Bitcoin

Assassination Attempt Foiled: Greek Law Enforcement Thwart Plot to...

Law enforcement officials in Greece have reportedly prevented an assassination attempt on Alexander Vinnik. The Russian National, Vinnik was arrested while holidaying in Greece in 2017...

Osato Avan-Nomayo | 1 year ago
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London Police Seize $700K in Bitcoin from Prolific Hacker

In a recent case, the London police were able to seize $700,000 worth of Bitcoin from Grant West, a notorious hacker.   Cryptocurrency Seized A recent article from USA Today reports...

Ashour Iesho | 1 year ago
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‘Discount Bitcoin Bandits’ Charged in Robberies

A duo dubbed the “Discount Bitcoin Bandits” have been charged with stealing thousands of dollars from individuals intending to purchase cryptocurrency in the Los Angeles...

Patrick Smith | 1 year ago
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Bitcoin

Dubai Police Catch 10-Man Gang Responsible for Bitcoin Robbery

The Dubai police have arrested a 10-man gang that stole AED7 million (about $1.9 million USD) from a prospective bitcoin buyer. The arrest comes less than 48 hours after the police...

Osato Avan-Nomayo | 1 year ago
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School District Forced to Pay $10,000 in Bitcoin Ransomware Attack

The Leominster Public Schools District has become the latest victim of a Bitcoin ransomware cyberattack. The school district was forced to pay $10,000 in Bitcoin to unlock their...

Osato Avan-Nomayo | 1 year ago
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Buyer Loses $278,000 USD in Bitcoin Robbery

The rise of cryptocurrency has brought many opportunities for investment, but such wealth potential has also attracted criminals. A recent example is of a Bitcoin robbery in Singapore...

Nick Chong | 1 year ago
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Crooked Cops Nabbed in Bitcoin Extortion Scheme

A group of police officers in India have been arrested for an alleged Bitcoin extortion plot where they kidnapped and beat a businessman for his cryptocurrency. It seems that crimes...

Jeff Francis | 1 year ago
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Former Mt. Gox CEO Explains Why’s He’s Now a...

Mark Karpeles, the former CEO of Mt. Gox, recently made comments about his distaste for Bitcoin, admitting that he no longer has any bitcoin or other cryptocurrencies.  No Longer a...

Nick Chong | 1 year ago
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Bitcoin

Healthcare CEO Prescribes 5 Ways to Fight Ransomware

Hancock Regional Hospital in Greenfield, Indiana, was hit hard with a ransomware attack in January 2018. To protect patients the hospital decided to pay the hackers, its CEO Steve Long...

Melanie Kramer | 1 year ago
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FBI: Watch Out for Fake Cryptocurrency Exchange ‘Support Staff’

The FBI’s Internet Crime Complaint Center has noted a drastic increase in online crime, with crypto holders being targeted by dodgy helplines and tech support centers. Most companies...

Nikita Blows | 1 year ago

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