Anyone who has been involved in the cryptocurrency industry for more than a few months is no doubt well aware that data breaches, thefts, hacks, fake hacks are commonplace. This applies to custodial exchanges and services but also on an individual level with a...
Please read this entire article in full before making any ransom payment in Bitcoin Prevention and Importance Ransomware has become increasingly prevalent over the last few years, and not just because of the COVID-19 pandemic, which has caused cybercrime incidents to...
In July 2020, Shakepay engaged CipherBlade to conduct a Proof of Reserves and Security Review1. This review was comprehensive, and included independently verifying Customer Assets2 as well as verifying Customer Balances3 as a ‘Proof of Reserves’, and whether or not...
When a hacker is able to obtain access to a user’s cryptocurrency account, 99.9% of the time it’s due to a breach of user's seed phrase. But the seed phrase can be breached in a variety of ways, and there are different attack vectors available depending on how a user...
Nowadays, the percentage of Bitcoin transactions that involve criminal activity has declined considerably compared to what it once was. Today, a relatively small number of Bitcoin transactions are related to crime, even though many (uneducated) pundits and politicians...
Ask anyone who has followed the cryptocurrency space for more than a few weeks and they’ll tell you that the industry is rife with scams and frauds everywhere you look. From fake phishing websites, to Ponzi Schemes, to fraudulent ICO’s to exchanges disappearing with...
On a daily basis, CipherBlade gets inquiries from people who had their Bitcoin or cryptocurrency stolen from them in a hack and seeks our assistance tracking and recovering the cryptocurrency. A considerable amount of the time, these individuals think or believed they...
Centralized exchanges and services have increasingly been portrayed as insecure and flawed relative to their decentralized counterparts over the past few years. This is due to an abundance of hacks that have occurred including on Upbit, DragonEx, Mt. Gox, Binance,...
What’s the best cryptocurrency wallet? What wallets are both secure and easy to use? How should I backup my cryptocurrency wallet and credentials such as seed phrases? Is it okay if I keep my funds on exchange for now? There’s no 100% right answer to these questions,...
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