I just read this sobering tale about a guy who lost $8,000+ worth of cryptocurrency after being hacked. I’ve said it before, but this bears repeating: don’t trust anyone to hold your cryptocurrency for you. Online exchanges aren’t banks, and leaving your digital currency under somebody else’s control leaves you vulnerable to hacks like this one. I wrote […]
Posts Tagged ‘wallet’
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Android Bitcoin & Litecoin wallets potentially vulnerable to theft due to coding flaw
August 11th, 2013 
CryptoBadger Due to a serious flaw in the Java secure random number generator used by many Bitcoin applications on the Android operating system, any wallets generated by Android apps are potentially vulnerable to theft. While the advisory on bitcoin.org only mentions Bitcoin, the flawed code is also used in many Android Litecoin wallets, and probably also […]
Guide: Cryptocurrency Wallet Security
May 16th, 2013 CryptoBadger So you’ve built your own mining rig, you’ve mastered the art of trading for profit on the cryptocurrency exchanges, but you haven’t given much thought to securing your digital fortune against theft and accidental loss? Don’t worry, you’re not alone. Wallet security isn’t exactly a glamorous topic. In fact, many of you might even assume […]
Nearly half of Bitcoin exchanges fail
April 27th, 2013 CryptoBadger A recent Wired UK study concluded that a whopping 45% of Bitcoin exchanges have failed, usually resulting in the loss of users’ deposits. Exchanges that manage to stick around are typically under constant attack from hackers looking to commit virtual heists. From the article: Exchanges handling 275 Bitcoins’ worth of transactions each day have a […]
