Linas Kmieliauskas

1 week ago | cybernews.com | Linas Kmieliauskas

A crypto user learned a costly lesson the hard way when they tried to save on a crypto hardware wallet by buying a discounted device via an unofficial seller, losing millions as a result. Crypto security specialist SlowMist said that this past weekend, they received an emergency report about someone losing $6.5 million worth of crypto assets that were stolen from a hardware wallet, a special device designed to store private keys and sign transactions.

2 weeks ago | cybernews.com | Linas Kmieliauskas

Deepfake impersonation, social engineering scams, and modern ponzi schemes are deemed to be the most dangerous crypto scam types in a new anti-scam research report. The report, co-authored by the crypto exchange Bitget, security specialist SlowMist, and blockchain analysis company Elliptic, noted that scams now exploit trust and psychology as much as technology.

2 weeks ago | cybernews.com | Linas Kmieliauskas

Crypto security experts said they've managed to find their clients’ vulnerable data, including jogging routes, within minutes, stressing the need for better privacy and security measures, as crypto-related physical attacks are on the rise. Intelligence On Chain (IOC), a UK-based crypto research and investigation team, said they were tasked by their client with finding out how much could be uncovered about him following a recent targeted attack, as the client was worried about his identity.

2 weeks ago | cybernews.com | Linas Kmieliauskas

In an apparently unfortunate series of events for investors, an Australian financial adviser is said to have misappropriated millions by sending their money to a “crypto scam.” While there are no reports of criminal charges against the adviser, she was banned from offering financial services for ten years.

2 weeks ago | cybernews.com | Linas Kmieliauskas

In another high-profile X account compromise, the head of a South American country became a victim of scammers trying to capitalize on the latest bitcoin (BTC) reserve trend. However, the criminals seem to have left with nothing.