BlockThreat - Week 17, 2019

ZeroCoin | Wallets | Beapy | Ledger

This week we will cover a critical vulnerability in Zerocoin protocol, a research study into weak Ethereum wallets, as well as the latest news in cryptocurrency malware and crime.

News:

• Cryptocurrency thief who stole millions from Silicon Valley entrepreneur gets 10 years in prison — a culmination of a SIM swapping crime spree that plagued many cryptocurrency users relying on the insecure SMS protocol for two-factor authentication.

• Hamas shifts tactics in bitcoin fundraising, highlighting crypto risks— a renewed interest in using cryptocurrency to sponsor the terrorist organization. The newly designed donation website shows an increased technical sophistication by generating a new address for every transaction in order to increase privacy.

Attacks:

• Further Disclosure on Zerocoin vulnerability — more details released on the recently exploited cryptographic flaw in the Zerocoin protocol used to forge/inflate new coins. The Zcoin team has released an emergency update to disable Zerocoin until…