CipherBlade Announcements
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Announcements from CipherBlade. Blockchain security, proactive threat warnings, best practices, and other interesting content.
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It's finally come to light that many 'decentralized' projects aren't nearly as decentralized as they might have you believe, nor all that secure necessarily either, as shown by the bZx hacks last week. Below are some thoughts on security and solvency for both centralized and decentralized services & exchanges, and where we might be headed
If you are or were the victim or a hack or theft that resulted in cryptocurrency loss, and you're wondering who is responsible and whether or not it's possible to recoup any of the stolen funds, this article is an absolute must-read -
Impersonation scams, Fraudulent ICOs, Investment & Ponzi Schemes, Exit Scams by ICO and Exchanges, Fake "Pro Traders", PnD groups, OTC scams, and Cryptocurrency Recovery "Specialists" are just some of the scams and frauds we tackle in this comprehensive guide. Furthermore, we point out the warning signs and red flags to help people from becoming a victim themselves and also provide some insight as to in which instances a victim may have viable recourse
While the percentage of Bitcoin transactions that involve criminal activity has declined considerably compared to what it once was Bitcoin is still used in various crimes. Some of these crimes, in particular those involving ransomware, cryptojacking, and the support of rogue nation-states, seriously hinders and prevents broader adoption of cryptocurrency and discourages many people from embracing cryptocurrency
CipherBlade lead investigator Rich Sanders was recently featured on Vice TV Documentary 'Keepers of the Caliphate & SIM Kids' as a SIM Swapping expert, where he discussed how he took down notorious SIM Swapper Joel Ortiz from the OGUSERS Sim Swapping ring
SIM-Swaps, Email & Cloud Storage Breaches, Password Breaches, Keyloggers, Compromised Wallet Software, Malicious Browser Extensions, Phishing, Exchange Hacks, and Theft of Paper/offline seed phrases are just some of the breach vectors hackers utilize that we tackle in this comprehensive guide. By embracing and understanding vulnerabilities and attack vectors hackers utilize to steal Bitcoin and other cryptocurrencies, one can drastically reduce the risk of becoming compromised.
Big news for Canadian cryptocurrency users today. We just finished conducting a Proof of Reserves and Security Review of Shakepay. Report is in the link below. We expect these type of proactive reviews of centralized platforms to become industry standard in the coming years.
CipherBlade outlines what organizations need to do to prevent ransomware attacks, which have become widespread & discuss why it's so important to investigate ransomware incidents & detail how it's done. We also conduct a case study and blockchain forensic analysis of the $4.5M CWT ransomware attack & show how their actions *after* the attack likely costed them millions of dollars.
Romance frauds are extremely common and frequently target those with little to no knowledge of cryptocurrency. When a person's first introduction into Bitcoin involves them getting scammed in a Romance scam, that's certainly doesn't bode well for more widespread adoption. Proactive education is key, which is why in this article, we offer advice on how to spot a romance scam, we outline what the red flags are, and how you (and those you care about) can avoid becoming a victim.
Whether or not an exchange or custodial service holds enough assets to cover customer balances and liabilities is something that's increasingly on people's mind for a simple reason. If there aren't enough assets, they are insolvent, and sooner or later it won't be possible to pay out balances to anyone still 'in' at some point -- not so different from a Ponzi scheme really. Exchanges also like to talk a big game about how 'secure' they are, but as we discuss more in this article, many times it's all a facade, and it leads to the major hacks often in excess of $100M USD. A proactive (not reactive) approach to security is the best solution to prevent these hacks.

These issues affect everyone that utilizes centralized cryptocurrency exchanges; even if you don't store funds on exchange, their solency & security (or lack thereof) should absolutely be something that people are more conscious of. If more people 'vote with their feet' exchange will know they must do better; those that fail to do so won't (and shouldn't) get any business.
The concept of “tainted Bitcoin” or “tainted cryptocurrency” is one of the most misunderstood aspects among Bitcoin enthusiasts. Tainted Bitcoin is a concept that suggests that Bitcoin or cryptocurrency associated with illicit activity is “dirty” and that it remains that way indefinitely. We thought it would be helpful to offer an explanation of what tainted Bitcoin is and when or if it’s something to actually be concerned about.