There are various fraudulent ways hackers have been phishing the personal information of crypto wallet users on various crypto exchanges and other crypto service platforms. Coinbase recently suffered a hack which affected up to 6000 users. It is believed by Coinbase that this hack was a phishing attack on unsuspecting victims. Using Coinbase as a case study, we identify 6 ways...
Bitcoin.org website (not bitcoin, the cryptocurrency) has been hacked.
Bitcoin.org website (not bitcoin, the cryptocurrency) was hacked by scammers in a giveaway scam on Thursday 23 September 2021. Claiming that the Bitcoin Foundation is “giving back to the community", the giveaway scam took the form of a pop-up message that blocked the homepage screen. The pop-up message invited visitors to send money to a bitcoin wallet and get double the...
Secure your crypto wallet by setting up two-factor authentication (2FA)
Fraud is quite prevalent in the crypto space. A two-factor authentication (2FA) is a simple two-step verification procedure that helps you secure your crypto wallet against fraudulent access. 2FA enables you to protect your crypto wallet with both your password and an extra layer of security. It is a cybersecurity measure in which you provide two different authentication factors to verify...
Why you need a multisig wallet to secure your crypto assets
When it comes to accessing your crypto wallet, it is reasonable to want to have sole control of your passwords and private keys for utmost security. But there are situations where it may be more secure to have more than one person to have some level of control of the passwords and private keys of a crypto wallet. Examples of such...
