Ledger Addresses Man in the Middle Attack That Threatens Millions of Hardware Wallets

Hardware wallet manufacturer Ledger, which sold over one million devices last year, has alerted its users to a major attack vector that’s recently been discovered. Although there are no reported cases of the attack being successfully deployed, the threat itself is very real. Today, Ledger urged users of its cryptocurrency wallets to take steps to … Read more

Electrum Moves to Patch Bug That Left Thousands of Bitcoin Wallets Exposed

Popular wallet developer Electrum has issued an emergency patch for a critical bug in its bitcoin wallets. The flaw allowed any website hosting the Electrum wallet to potentially steal the user’s cryptocurrency. A vulnerability meant that passwords were exposed in the JSONRPC interface, granting hackers complete control of the wallet. The first patch failed to … Read more

Chinese Programmer Arrested Over ¥20 Million Bitcoin Theft

The news channel of China Central Television, CCTV13, reported this weekend that the Zhongyuan Oil Field Public Security Bureau of Henan Province (Henan Police) has been investigating a report filed by a bitcoin investor alleging that funds were stolen from his bitcoin wallet.  Also Read: Securities Lawyers Say Barry Silbert Tweets Are Red Flags for Regulators 188 … Read more

South Korean Prosecutor Fights to Confiscate Bitcoins from Criminal Proceeds

South Korean authorities are divided whether bitcoins from criminal proceeds should be confiscated. In a criminal case involving 216 bitcoins, the court previously ruled that the digital currency cannot be confiscated. However, the prosecutor is now appealing to the court to overturn that decision and allow the forfeiture of the bitcoins, now worth billions of … Read more

Coinbase Accused of Technical Incompetence After Hoarding Millions of UTXOs

The Coinbase development team has been accused of “technical incompetence” after amassing millions of UTXOs through careless housekeeping. Unspent Transaction Outputs, or UTXOs, are the change that’s left after sending a bitcoin payment. Wallet providers are supposed to sweep these crumbs up and bundle them in with future transactions. Coinbase, it transpires, has been hoarding … Read more