Hacks

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You can attend the “must attend” event during CES® 2022 whether you’re going to Las Vegas or working from home. The Shelly Palmer Innovation Series Summit will stream live on January 5, 2022 at 11 a.m. ET at shellypalmer.com/live. Continue Reading →

A hacker exploited the Polygon-based Vulcan Forged NFT Marketplace and got hold of the private keys from 96 crypto wallets, which enabled the hacker to steal 4.5 million PYR tokens (worth about $140 million). According to crypto.com, Vulcan Forged's PYR token is down 12% this morning. Continue Reading →

Taking a giant step toward a safer crypto world, Coinbase announced that, starting with Ledger, it will begin to support hardware wallets. Sometimes called "cold wallets," experts agree that hardware wallets are the preferred way to store cryptocurrency and other blockchain-based digital assets. Continue Reading →

As most of you know, my MetaMask crypto wallet was hacked on Sunday morning and drained of $400 worth of ETH. In the chronicle, which you can read here, I logged how quickly dozens of bots responded to my social media pleas for help. The content (from obvious bots or hackers with good social listening tools) generally pointed me to Instagram accounts or linked me to people who could "help me" get my crypto back. This was all obvious nonsense. Continue Reading →

My MetaMask Chrome Extension Wallet was hacked. 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 →

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, 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 →