Hacks

Posts I've written about Hacks. Subscribe to my newsletter to make sure you don't miss anything.
MetaMask Hacked
My Metamask Chrome Extension Wallet was hacked this morning. The ETH is gone forever. Even though I can clearly see that address of the wallet that stole it. There's nothing I can do to get it back. I'm just writing this blog post as a warning for anyone who thinks keeping more than a few hundred dollars in a "hot wallet" is a good idea. I always keep a small amount of ETH in my Metamask wallet to buy virtual goods and NFTs and game tokens, etc. I have been aware that the wallet was vulnerable to attack, but this hack is remarkable. They must have figured out my password – which is hard to do. Here's a chronicle of the events. I'll keep it updated. Continue Reading →
Crypto under mattress
During an upgrade to the Compound platform, a bug caused the system to transfer close to $90 million in COMP (their cryptocurrency) to random users. In a desperate tweet, Compound’s CEO begged the users to give the money back. He threatened to dox the users. (That’s a slang term for making user identities public or, in this case, reporting them to the IRS.) Then offered a 10 percent reward for “doing the right thing.” Continue Reading →
As reported by CNBC, more than $600 million was stolen in what is likely to be one of the biggest cryptocurrency thefts ever. Hackers exploited a vulnerability in Poly Network, a platform that looks to connect different blockchains so that they can work together. In a strange turn of events Wednesday, the hackers began returning some of the funds they stole. Continue Reading →

REvil Has Gone Dark

REvil, the ransomware gang that attacked meat supplier JBS Foods this spring and a major IT software vendor this month, has mysteriously gone dark. Its websites are gone and there has been no word from their spokespeople. Continue Reading →
The crypto markets got hammered over fears that the FBI had recovered the ransom Colonial Pipeline paid in bitcoin (true), and, therefore, all crypto can be easily hacked (false). The FUD is still rampant, and the depth and breath of misinformation and misunderstanding about the hackability of cryptocurrency is profound. Continue Reading →

Encrypting Your Crypto

Ledger Nano S
The moment comes when you realize there's real money in your crypto wallet and you start wondering about hackers and ransomware and all kinds of bad stuff. If you've set up a digital wallet, bought some crypto, and collected a few NFTs and you're starting to trade across a range of marketplaces and exchanges, you are starting to experience the exceptional financial freedom the world of DeFi has to offer. Of course, there's a catch… Now, you're also in charge of guarding the treasury. Continue Reading →
You'll read a lot today about the $5 million in cryptocurrency that Colonial Pipeline paid to its ransomware hackers. You'll read a lot today about how the FBI discourages ransomware victims from paying their hackers. You'll read a lot today about how fragile and vulnerable our infrastructure is. Pay close attention, and do your best to separate out the facts from the fear-mongering. Continue Reading →
Merkle Tree
As she approached the entrance to the club, she gave the frame of her new prescription AR glasses a gentle squeeze. When she got to the door, it appeared to turn green, indicating recognition that she was over 21 years of age. Then, a message appeared along with a friendly voice asking for the 5 ADA cover charge. She shook her head yes. A moment later, the door opened, which indicated that the transaction had cleared. And so begins a story about life in a trustless, decentralized world − a tale from under the Merkle tree. Continue Reading →

How dangerous is crypto?

A Turkish crypto exchange boss has gone missing and, according to reports, he took $2 billion of investors’ funds with him (details below). It will be hard to prove he stole the crypto, and it is unlikely to be found or returned. So... how dangerous is crypto? Continue Reading →

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