The Monero community is exploring a potential overhaul of its proof-of-work (PoW) consensus mechanism to make the network resistant to 51% attacks. Community members suggested several proposals, including localizing mining hardware, switching to a merge mining algorithm, allowing XMR to be mined alongside Bitcoin (BTC) or other major cryptocurrencies, and adopting Dash’s ChainLocks solution. Dash’s…
Jameson Lopp, the chief security officer at Bitcoin (BTC) custody company Casa, sounded the alarm on Bitcoin address poisoning attacks, a social engineering scam that uses similar addresses from a victim’s transaction history to fool them into sending funds to the malicious address. According to Lopp’s Feb 6 article, the threat actors generate BTC addresses…
North Korean cyberwarfare attacks on the cryptocurrency industry are growing in sophistication and in the number of groups involved in such criminal activity, crypto firm Paradigm warns in report titled “Demystifying the North Korean Threat.” North Korea-originated cyberattacks range from assaults on exchanges and social engineering attempts to phishing attacks and complex supply chain hijacks,…