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GUEST ESSAY: Securing your cryptocurrency — best practices for Bitcoin wallet security

The Last Watchdog

Over time, Bitcoin has become the most widely used cryptocurrency in the world. Backup, backup, backup. To guard against data loss, it’s crucial to regularly create backups of your Bitcoin wallet. Wallet backups provide a safety net in the event that your device breaks down, is misplaced, or is stolen.

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Hackers steal $655K after picking MetaMask seed from iCloud backup

Bleeping Computer

MetaMask has published a warning for their iOS users about the seeds of cryptocurrency wallets being stored in Apple's iCloud if app data backup is active. [.].

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4 Ways to Store Backup Codes, Keys, and Seed phrases

Security Boulevard

Backup codes, keys, and seed phrases are important if you lose access to multifactor authentication (MFA) methods or are otherwise completely locked out of your accounts. There are many methods to store backup codes, keys, and seed phrases. TABLE OF CONTENTS Importance of backup codes, keys, seed phrases 1. Writing down codes 2.

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Europol arrested cryptocurrency scammers that stole millions from victims

Security Affairs

An international police operation led by Europol led to the arrest of cryptocurrency scammers targeting users all over the world. “The suspects used advertisements on social networks to lure victims to websites covertly operated by the criminals, which offered seemingly exceptional investment opportunities in cryptocurrencies.”

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The Link Between Ransomware and Cryptocurrency

eSecurity Planet

Cryptocurrency Fuels Ransomware. One constant in all this will be cryptocurrency, the coin of the realm when it comes to ransomware. Cryptocurrency really is fueling this in a sense. … If you were to take cryptocurrency away from that, they don’t have a convenient digital platform.

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A Cryptomining botnet abuses Bitcoin blockchain transactions as C2 backup mechanism

Security Affairs

Crooks are exploiting BTC blockchain transactions to hide backup command-and-control (C2) server addresses for a cryptomining botnet. Security experts from Akamai have spotted a new botnet used for illicit cryptocurrency mining activities that are abusing Bitcoin (BTC) transactions to implement a backup mechanism for C2.

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Over 39K unauthenticated Redis services on the internet targeted in cryptocurrency campaign

Security Affairs

Threat actors targeted tens thousands of unauthenticated Redis servers exposed on the internet as part of a cryptocurrency campaign. Threat actors are targeting these instances to install a cryptocurrency miner. “There are 39,405 unauthenticated Redis services out of 350,675 total Redis services on the public internet.”