April 2025 - Page 2 of 2 - CryptoCurrencyWire

TuesdayApr 08, 2025 9:00 am

Expert Warns That North Korean Crypto Hackers Are Exploiting Operational Security Vulnerabilities

The “ClickFake” campaign from North Korea is bringing cybersecurity risks in the cryptocurrency space to light once more. However, security experts say that human error, not flawed smart contracts, is the greatest threat to Web3. According to Oak Security managing director Jan Philipp Fritsche, many blockchain teams fail to implement basic cybersecurity procedures. Fritsche, who formerly worked as an analyst at the European Central Bank, believes that inadequate device management, a lack of access controls, and dangerous authorization handling are the main problems, rather than coding. The “ClickFake Interview” scheme, led by North Korea’s hacking group, Lazarus, targeted not just…

FridayApr 04, 2025 9:00 am

Trump Tariffs Rattle Crypto Market, $130 Billion Wiped Out

Last week, the cryptocurrency market saw a sharp decline, shedding more than $130 billion in value as investors braced for the impact of new tariffs introduced by U.S. President Donald Trump. The measures, tagged “Liberation Day,” are set to take effect this week and will raise duties on a wide range of imported products. Bitcoin felt the pressure of economic uncertainty, slipping below the $82,000 mark. The digital currency has now lost seven days in a row, mostly due to worries over the wider ramifications of Trump’s trade plans. The concurrent drop in stock futures in the U.S. has only…

ThursdayApr 03, 2025 9:00 am

How Crypto Hackers Are Exploiting Small Mistakes Dubbed Typosquatting

As cryptocurrencies gain mainstream traction, cybercriminals continue to develop new tactics to exploit unsuspecting users. One increasingly common tactic is typosquatting, also known as domain mimicry or URL hijacking. This deceptive practice involves cybercriminals registering domains that closely resemble legitimate cryptocurrency platforms, tricking users into visiting fake websites. These fraudulent sites often lead to stolen credentials, malware infections, and financial losses. For example, someone intending to visit “coinbase.com” might accidentally type “coinbsae.com,” unknowingly accessing a fraudulent site that mimics the original. The fraudulent pages often prompt users to enter login details or private keys, putting their assets at risk. Some…

TuesdayApr 01, 2025 9:00 am

DOJ Wants Gotbit to Forfeit Crypto Worth $23m After Guilty Plea

The Justice Department (DOJ) announced on March 27 that it was seeking to recover roughly $23 million in crypto assets after crypto financial service firm Gotbit and its CEO and founder, Aleksei Andriunin, pleaded guilty to financial misconduct. The legal action follows a criminal case in which a federal court in Boston accepted Gotbit’s acknowledgment of manipulating cryptocurrency trading activity. The company, operating as a market maker in the crypto asset industry, was accused of creating fake trading volumes to deceive investors about market demand and liquidity. As part of its agreement with the DOJ, the firm agreed to relinquish…