Crypto Eagle’s Post

The True Story Behind Netflix's 'Biggest Heist Ever' Netflix's new documentary explains how "Bitcoin's Bonnie and Clyde" stole $4.5 billion worth of Bitcoin. When $72 million worth of bitcoin was stolen from Bitfinex, a Hong Kong-based virtual cryptocurrency exchange, it was the second-largest hack of its kind. The 2016 theft sent the entire crypto ecosystem into a tailspin and the value of bitcoin fell about 20% within hours. Bitfinex customers, some of whom had invested their life savings in bitcoin, lost thousands of dollars overnight. Over the next five years, the initial hacked sum grew in value—to approximately $4.5 billion (now it’s worth $10.8 billion.) But unlike other bitcoin heists, these hackers didn’t get away with it. Five years after the theft, the FBI arrested married couple Heather “Razzlekhan” Morgan and Ilya “Dutch” Lichtenstein, whom the Justice Department accused of conspiring to launder $4.5 billion in stolen bitcoin. News of the arrest immediately went viral, not only due to the sky-high amount of money involved, but also because of the perplexing ways Morgan and Lichtenstein documented their lives online. In 2019, Morgan adopted a rap persona called Razzlekhan (“like Genghis Khan, but with more pizzazz,” she wrote on her website) and filmed hundreds of cringe-inducing YouTube videos with crypto-themed raps. read more at: https://lnkd.in/ghWd4ZpT hashtag #cybersecurity hashtag #cryptocurrency hashtag #stolen #$4.5billion hashtag #bitcoin hashtag #BitFinex hashtag #video …more

Meet Joe Grand an Engineer AKA Kingpin Joe Was Given a Problem to Unlock a $3 Million Bitcoin Wallet After 11 years, the wallet was finally accessed thanks to Joe (Kingpin) The owner had used an encrypted password from RoboForm but lost track of it, leading to over a decade of inaccessibility. When the password was lost, the wallet contained just $3,000 to $4,000 worth of Bitcoin. But with the cryptocurrency’s meteoric rise over 20,000% it grew to $3 million. Grand revealed, “While RoboForm’s passwords appear to be randomly generated, they’re not. If we can control the time, we can control the password.” He added, “We ultimately got lucky that our parameters and time range were right. If not, it would have been shots in the dark.” If there was ever a lesson in securing your digital assets, this is it: write down your passwords somewhere safe and ensure your private keys are well-protected. In cryptocurrency, public keys act like your bank account number it’s what others use to send you funds. The private key, however, is like your PIN; it allows access to your wallet and control over your assets. Without the private key, even with the right password, you can’t access your funds. A great way to force going long, but, it must of been a nervous journey. congratulations to the owner :) #cybersecurity #bitcoin #Dldataprotection #privatekey #aml #crypto

𝗕𝗶𝘁𝗰𝗼𝗶𝗻'𝘀 𝗮𝘀𝘁𝗼𝗻𝗶𝘀𝗵𝗶𝗻𝗴 𝗷𝗼𝘂𝗿𝗻𝗲𝘆 𝗳𝗿𝗼𝗺 𝗮 𝗻𝗮𝘀𝗰𝗲𝗻𝘁 𝗱𝗶𝗴𝗶𝘁𝗮𝗹 𝗮𝘀𝘀𝗲𝘁 𝘁𝗼 𝗮 $𝟭.𝟭𝟯 𝘁𝗿𝗶𝗹𝗹𝗶𝗼𝗻 𝗽𝗼𝘄𝗲𝗿𝗵𝗼𝘂𝘀𝗲 𝗶𝘀 𝗻𝗼𝘁𝗵𝗶𝗻𝗴 𝘀𝗵𝗼𝗿𝘁 𝗼𝗳 𝗿𝗲𝗺𝗮𝗿𝗸𝗮𝗯𝗹𝗲. As the value of Bitcoin has soared to over $73,000, it has created a wave of new millionaires and billionaires, including notable figures like Brian Armstrong of Coinbase and Changpeng Zhao of Binance. But with such significant value comes the pressing need for security. Enter our 𝗕-𝗣𝗜𝗟𝗦 standard, which uses Bitcoin's native time locks to safeguard your assets while you earn yields. This feature ensures that your idle Bitcoin is protected from theft and unauthorized spending through cryptographic security. Your BTC remains out of reach from hackers, and after the timelock period ends, it returns to your control, ready for another cycle of earning. This method allows you to stay aligned with Bitcoin’s soaring value while keeping your holdings secure and productive. Want to learn how you can turn market challenges into opportunities? Join our next virtual meetup. 📅 RSVP here http://lu.ma/BlockCityFi

The True Story Behind Netflix's 'Biggest Heist Ever' Netflix's new documentary explains how "Bitcoin's Bonnie and Clyde" stole $4.5 billion worth of Bitcoin. When $72 million worth of bitcoin was stolen from Bitfinex, a Hong Kong-based virtual cryptocurrency exchange, it was the second-largest hack of its kind. The 2016 theft sent the entire crypto ecosystem into a tailspin and the value of bitcoin fell about 20% within hours. Bitfinex customers, some of whom had invested their life savings in bitcoin, lost thousands of dollars overnight. Over the next five years, the initial hacked sum grew in value—to approximately $4.5 billion (now it’s worth $10.8 billion.) But unlike other bitcoin heists, these hackers didn’t get away with it. Five years after the theft, the FBI arrested married couple Heather “Razzlekhan” Morgan and Ilya “Dutch” Lichtenstein, whom the Justice Department accused of conspiring to launder $4.5 billion in stolen bitcoin. News of the arrest immediately went viral, not only due to the sky-high amount of money involved, but also because of the perplexing ways Morgan and Lichtenstein documented their lives online. In 2019, Morgan adopted a rap persona called Razzlekhan (“like Genghis Khan, but with more pizzazz,” she wrote on her website) and filmed hundreds of cringe-inducing YouTube videos with crypto-themed raps. read more at: https://lnkd.in/ghWd4ZpT #cybersecurity #cryptocurrency #stolen #$4.5billion #bitcoin #BitFinex #video

$20 Million Mysteriously Missing from U.S. Government Crypto Wallets Earlier today, Bitcoin.com News reported that approximately $20 million worth of stablecoins and Ethereum were mysteriously transferred from a U.S. government wallet. These funds were linked to assets seized in relation to the 2016 Bitfinex hack. An on-chain analyst at Arkham Intelligence suspects the wallet may have been compromised, as funds were moved to a new five-day-old address in what appears to be a likely theft. Among the funds transferred: - $1.25 million in Tether (USDT) was withdrawn from Aave. - $5.5 million in USDC stablecoins. - $446,000 worth of Ethereum (ETH). - $13.7 million in aUSDC (an interest-bearing token representing USDC on Aave). Some of the funds were moved to instant exchanges, including one sourcing liquidity from Binance, the world’s largest crypto trading platform by volume. This marks the first time these funds have been touched in eight months, raising concerns about the security of seized assets held in government-controlled wallets. #CryptoSecurity #Blockchain #BitfinexHack #DigitalAssets #USGovernment #CyberSecurity #Ethereum #Stablecoins #BlockchainTechnology #Aave #Binance

How can I protect my cryptocurrency investments? Simple steps can make a big difference. Use strong, unique passwords and enable 2FA on all accounts. Regularly update software to patch any vulnerabilities. Cold storage, like hardware wallets, can be your safest bet for holding crypto long-term. And remember, always double-check addresses before transactions. Stay vigilant, friends. Share if you found this useful or comment with your own crypto safety tips! #CryptoSafety #SecureYourAssets #CryptoKeysafe #SecureCrypto #BlockchainSecurity #DeFiProtection #SafeCrypto #DigitalAssetSafeguard #SmartContractSecurity #HardwareWallet #CryptoCyberSec #DecentralizedFinance #CryptoRiskMgmt #CryptocurrencyTips #Web3Security #NFTSecurity #CryptoFraudPrevent #CryptoInnovation

We are thrilled to announce the launch of our latest service, setting the standard for secure Bitcoin transactions: Protected Co-signing 🛡️ The risks involved in digital asset custody, such as misplaced private keys, fraud or an exchange hack, can lead to funds being lost forever. So how do you safeguard your assets? Protected Co-signing is here to add an extra layer of protection. With our Protected Co-signing service, we offer cutting-edge protection measures to secure your investments and transactions, pioneered by our partner Onramp. Key Features of Co-signing Service:  🔒 State-of-the-art security measures 🔍 Automatic screening of transactions 💼 Failsafe, insurance-backed warranty This is the next step in the evolution of crypto custody. 🌱 Learn more about our Protected Co-signing service and how it can empower your blockchain journey: https://lnkd.in/eJrjXffb #CryptoSecurity #BlockchainProtection #DigitalAssets #CryptoProtection #BlockchainSecurity #BlockchainRisks

Please DM if you would like to know more about “Protected Co-signing”? What is it and how it could enhance the safety of your crypto assets 🔐

Now this is exciting. One of the most pertinent conversations around digital asset custody has always been about derisking. Now, as markets pick up and crypto user numbers climb ever upwards - it's a conversation that's more important than ever. We are proud to announce the launch of Protected Co-Signing - enabling our pioneering insurance-backed technology to protect businesses and users across increasingly more decentralised custody and wallet platforms. Working with the Onramp team to understand the needs of Bitcoin allocators and the role of strong risk-mitigation has been exceptional. As they crack open new markets (Congrats Onramp MENA!), delivering best-in-class approaches to Bitcoin custody will open up tons of opportunities for investors worldwide. If you are building (or use) a platform that distributes keys across multiple entities - feel free to give me a buzz to dive into how it works. #custody #bitcoin #riskmitigation #multisig #mpc #coincover #onrampbitcoin Coincover