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Experts presented BOTCHAIN, the first fully functional Botnet built upon the Bitcoin Protocol

Security Affairs

Security expert Antonio Pirozzi, director at ZLab malware lab at Cybaze firm, presented at the EU Cyber Threat Conference in Dublin conducted a research along with Pierluigi Paganini (aka @securityaffairs ), about how crooks could abuse blockchain for malicious purposes. Added Paganini.

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New NKAbuse malware abuses NKN decentralized P2P network protocol

Security Affairs

NKN (New Kind of Network) is a decentralized peer-to-peer network protocol that relies on blockchain technology. “This threat (ab)uses the NKN public blockchain protocol to carry out a large set of flooding attacks and act as a backdoor inside Linux systems.” The protocol enables secure and low-cost data transfer.

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The State of Blockchain Applications in Cybersecurity

eSecurity Planet

Whether perceived or real, a lack of understanding about blockchain technology has slowed the adoption of advanced distributed database technology in the past decade. This functionality makes forging a record in a blockchain ledger extremely difficult at best. However, federal officials didn’t reverse the blockchain transaction.

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The Applications of Blockchain in Data Management

AIIM

Blockchain is one of the most important new technologies that has impacted the business world in the last decade. Along with cloud computing, artificial intelligence (AI), and robotic process automation (RPA), blockchain is transforming business operations and challenging traditional methods the world over. Data Security.

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Two Russians Charged in $17M Cryptocurrency Phishing Spree

Krebs on Security

authorities today announced criminal charges and financial sanctions against two Russian men accused of stealing nearly $17 million worth of virtual currencies in a series of phishing attacks throughout 2017 and 2018 that spoofed websites for some of the most popular cryptocurrency exchanges.

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Bitcoin Core Team fixes a critical DDoS flaw in wallet software

Security Affairs

The bug seems to have been introduced in March 2017, but no one apparently has exploited the flaw in live attacks. The flaw potentially affects all recent versions of the BTC system, but anyway, experts pointed out that a coordinated Distributed Denial of Service (DDoS) attack against Bitcoin blockchain is very expensive.

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Conti ransomware operations made at least $25.5 million since July 2021

Security Affairs

A study conducted by Swiss security firm Prodaft with the support of blockchain analysis firm Elliptic revealed that the operators of the Conti ransomware have earned at least $25.5 ” The consolidation cluster was first active in December 2017 when it received one incoming payment of 1.8 bitcoin (around $6.2