hacks

Message by LEDGER’s CEO – Update on the July data breach. Despite the leak, your crypto assets are safe.

12/21/2020 | Blog posts, Security Dear Ledger clients, As you know, Ledger was targeted by a cyberattack that led to a data breach in July 2020. Yesterday, we were informed about the dump of the content of a Ledger customer database on Raidforum. We believe this to be the contents of our e-commerce database from June 2020. At the time of the incident, in July, we engaged an external security organisation to conduct a forensic review of the logs available. This review of the logs enabled us to confirm that

MetaMask Beefs Up Security and Improves Gas Prices

Cryptocurrency wallet and browser extension MetaMask has been busy beefing up its security as hacks and exploits continue to plague the industry. In its latest monthly report, MetaMask has detailed ongoing efforts to improve the platform for its users and increase security. There are a few tweaks for dApp developers to be aware of but they will not affect users. The wallet provider has been developing ‘LavaMoat’ which is a set of tools for generating dApp bundles with enhanced security in the form of Secure EcmaScript (SES) containers. It added

November 2020: A Month of All Time Highs

November 2020 has been a record-smashing month for crypto. From coin derivatives, to flat-out Bitcoin (BTC) price, the roller coaster keeps climbing up. With power behind Bitcoin like never before, the next few months look exciting. All-Time Higher and higher So the golden price of $20,000 for 1 BTC never happened, but $19,725 was not half bad. Cryptocurrencies are having another year to remember, and November was perhaps that most exciting month yet. According to Coingecko’s monthly report, November saw plenty of highs. The crypto market cap reached $554 billion.

Unraveling the Blockchain and Crypto Gaming World One Click at a Time

Regular readers will no doubt be aware of the high expectations currently being placed on the shoulders of blockchain gaming. For advocates of blockchain technology, there is the hope that tapping into the estimated 2.5 billion gamers worldwide will provide a huge leap toward mainstream adoption.Blockchain and distributed ledger technology continue to make inroads into all kinds of industries as an increasing number of people discover and gain an understanding of the benefits that it can bring. From supply chain efficiencies through certification of authenticity and provenance to the immutable

Ethereum 2.0 Testnet Performing Well, 1 Million ‘ETH’ Staked

It’s been almost a week since the launch of the ETH 2.0 final public testnet, which has been performing as intended by most accounts. As many as one million ETH have been staked on the Beacon Chain simulation, reviving hopes of a mainnet launch later this year. The Medalla ETH 2.0 testnet has been running for six days which has given developers a chance to monitor early progress. Launched on Aug 4, Medalla is the fifth and final testnet for the long-awaited upgrade to an Ethereum proof-of-stake consensus. Phase 0

All Hope Not Lost; Court Grants Cryptopia Users Entitlement to Funds in New Ruling

Users of defunct New Zealand cryptocurrency exchange, Cryptopia, have finally gotten a reason to smile again after more than a year of losing their funds in multiple hacks. A new ruling by a high court today will ensure that victims receive part of the company’s assets worth over $100 million as compensation for their losses in the Cryptopia hacks. Justice David Gendall at the High Court in Christchurch declared that the users of the exchange are entitled to the assets they hold in Cryptopia accounts. He, therefore, decided that they

The crypto lending industry — a ticking time bomb, rather than a shortcut to mainstream adoption

In his book “Extraordinary Popular Delusions and the Madness of Crowds”, Charles Mackay says that men think in herds and go mad in herds, while they only recover their senses slowly, and one by one. That was written in 1841. Today, it is even more relevant.The most illustrious collective obsession in the past decade is cryptocurrencies. For the last couple of years, we witnessed industry-specific shocks with varying implications, be it exchange hacks, scam schemes, or else. Although covered in controversies, in the long-term, the rise of cryptocurrencies should be

Google Chrome Leads the Pack, but Privacy-Oriented Browsers Gain Traction

In recent months, big-name players like Google and Apple have been going the extra mile to showcase their privacy features to the world. However, as most people are now aware, these multinational companies have business models that are centered around collecting and aggregating the data of their customers. In this regard, growing interest in privacy-first browsers like Brave clearly suggests a collective increase in internet users’ concern over how their personal information is being accumulated, stored and utilized on a day-to-day basis.Individuals all over the globe have become so accustomed to