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Wealthy crypto executives are reportedly scrambling to hire security services after Ledger CEO David Balland was abducted and mutilated over a €10 million ($10.5 million) crypto ransom. That’s according to a report from WIRED which spoke to Adam Healy, a former marine running a crypto-cybersecurity company. Healy claims that demand for these services has grown “considerably.” “Like any human emotion, fear is a significant motivator… The headlines certainly mobilize a lot of that concern,” he said. The report also highlights that hiring bodyguards today is less about flashy displays of wealth. Westminster Security’s Managing Director John Moore says that in 2013, after bitcoin’s surge, excessive security was performative. Now he claims, “ The Bitcoin Boys have grown up . They now go for low-key, covert protection.” Kidnapped crypto trader breaks ankles jumping from 30-foot balcony Read more: Pakistan police officer remanded over USDT theft and kidnapping...

SlowMist found that across 303 recorded blockchain security incidents in 2022, nearly a third were made up of phishing attacks, rug pulls and scams. Blockchain security firm SlowMist has highlighted five common phishing techniques crypto scammers used on victims in 2022, including malicious browser bookmarks, phony sales orders and trojan malware spread on messaging app Discord. It comes after the Security firm recorded a total of 303 Blockchain Security incidents in the year, with 31.6% of these incidents caused by phishing , rug pull or other scams, according to a Jan. 9 SlowMist Blockchain Security report. A pie chart of attack methods in 2022 in percentages Source: SlowMist Malicious browser bookmarks One of the phishing strategies makes use of bookmark managers, a feature in most modern browsers. SlowMist said scammers have been exploiting these to ultimately gain access to a project owner’s Discord account. "By inserting JavaScript code into bookmarks through these phishi...

BTC.com, the seventh-largest Bitcoin mining pool, said that its client fund services are unaffected by the recent $3 million cyberattack. Major cryptocurrency mining pool BTC.com has suffered a cyberattack resulting in a significant loss of funds by the company and its customers. BTC.com experienced a cyberattack on Dec. 3, with attackers stealing around $700,000 in client assets and $2.3 million in the company’s assets, the mining pool’s parent firm BIT Mining Limited officially announced on Dec. 26. BIT Mining and BTC.com reported the cyberattack to law enforcement authorities in Shenzhen, China. The local authorities subsequently launched an investigation into the incident, starting collecting evidence and requesting assistance from relevant agencies in China. The local coordination has already helped BTC.com recover some of the assets internally, the announcement notes. “The company will devote considerable efforts to recover the stolen digital assets,” BIT Mining said, adding th...