News about Security

by COINS NEWS - 1 year ago

Somebody getting scammed out of 700K worth of NFTs by a malicious contract is not some flaw in the system that inhibits mass adoption, it's extremely negligent user error by a person who has brazenly ignored all security advice.

The guy who just had 700K of NFTs stolen had to specifically approve and sign a blind transaction which gave a phishing website access to all of his NFTs. The top comment on that thread is making fun of us being near adoption, because how could this...

by COINS NEWS - 1 year ago

Security warning: Please revoke Multichain (Guide)

So I just got this security alert Crypto bridge Multichain (previously known as Anyswap) has stopped its services after discovering abnormal movements of locked assets. (Source: Twitter) There's a chance you have used Multichain in the pas...

More / Bitcoin Reddit - 1 year ago

How does proof of work ensure network security?

I have been looking into how blockchains work and I can't seem to find the technical reason as to why proof of work actual ensures that all transactions are valid. From what I understand, individual transactions are verified through asymmetric ke...

by COINS NEWS - 1 year ago

Over 3 years ago, the IRS issued a request for proposals and spent $1.25M as well as US Homeland Security spending $2.4M to trace Monero transactions. Their attempts appear to have completely failed. This makes me even more bullish.

At least regarding Monero I’m in it for the tech. In 2020, the IRS also gave out contracts to Chainalysis and Integra FEC worth a combined $1.25M. Now, it was a 1 year contract that began in Sept 2020, with a working solution due in 8 months, and the...