53 results for “Bitcoin”

Decrypt reports that at least $5.57 billion left Binance-linked hot wallets on Ethereum, Bitcoin and Tron on 29 October 2026, which would be the largest crypto hack on record. On-chain analysts point to an EIP-7702 delegation, installed from a Tornado Cash-funded address minutes before the first sweep. Tether and Circle froze about $1.8 billion. Binance has not confirmed the hack, and how the attacker obtained the signature is unknown.

decrypt.coarticlePublished and added 29 Oct 2026🛡️ Security

Virtualine, a bulletproof hosting service also operating as Secury, Massgod, Spamhouse, Lanedo and Omegatech, had its main domain seized by the FBI with German, Dutch and UK partners. Chainalysis and TRM Labs traced its Bitcoin payments to ransomware (5% of flows), a Russian drug market (about 44%), sextortion and the StealC infostealer. Dutch police seized dozens of servers in Limburg and recovered data on over 3,000 customers.

bleepingcomputer.comarticleAdded 30 Oct 2026, published 28 Oct 2026🛡️ Security

Hygentra's six-month study (February to August 2026) audited four AI trading agents, each with its own strategy and preset risk rules, through a 29% Bitcoin decline and recovery. 97.5% of losses by value stayed within limits, 23 of 24 runs respected the five-open-trade cap, and no agent raised risk after a loss. Trade records and testing tools were published; 18% of positions were real Hyperliquid orders, the rest simulated with a 0.09% round-trip fee.

en.cryptonomist.charticlePublished and added 28 Oct 2026🧠 AI

Virtualine is a bulletproof hosting provider whose domain virtualine.net was seized on 27 October 2026 by the FBI Washington Field Office and the Eastern District of Virginia, with German, Dutch and UK police support. Chainalysis and OverRIPE gave intelligence support. The post lists aliases (Secury, Massgod, Spamhouse, Lanedo, Omegatech), forum advertising on Exploit.in and HackForums, and unhosted bitcoin payments tied to ransomware, infostealers and scam infrastructure.

chainalysis.comarticlePublished and added 27 Oct 2026🛡️ Security

Keystone, a Bitcoin hardware wallet maker, will destroy 18,835 unsold devices and has halted shipping after an attacker obtained the permanent WebAuth factory key used to verify genuine hardware, detected October 20, 2026. The key could let counterfeit wallets pass authentication. The breach also exposed 25,964 Shopify buyer records (2024 to 2026) that should have been erased under a 180-day policy; recovery phrases and private keys were not involved.

decrypt.coarticlePublished and added 27 Oct 2026🛡️ Security

Electrum 4.8.3, released 24 October 2026, fixes a high-severity flaw in the Bitcoin wallet. Rogue servers could suppress a real payment and inject a fake unconfirmed transaction paying an attacker, so a user's fee-bump became the first transaction broadcast. The fix verifies signatures on wallet-owned inputs, but incoming transactions from external senders stay unverified. One user lost funds on 18 October.

decrypt.coarticlePublished and added 26 Oct 2026🛡️ Security

Electrum, a Bitcoin software wallet, disclosed on 24 October 2026 a flaw where malicious servers swapped pending transactions for fake ones with invalid signatures that the wallet did not check. When users chose Replace-by-Fee to raise the fee, Electrum signed a valid replacement paying the attacker, and at least one user lost funds. Version 4.8.3 adds signature checks; users of only trusted or self-run servers were not exposed.

coindesk.comarticlePublished and added 26 Oct 2026🛡️ Security

Electrum 4.8.3, released 24 October 2026, fixes a flaw where a malicious server replaces a user's unconfirmed payment with a conflicting transaction carrying invalid signatures. If the user then bumps the fee with replace-by-fee, the wallet signs a payment to the attacker. One of two reporting users lost funds, and the patch now checks input signatures before accepting such transactions. Bull Bitcoin is adding the same client-side check.

en.cryptonomist.charticlePublished and added 24 Oct 2026🛡️ Security

Bankless article on how crypto is responding to AI-driven bug discovery. It cites Bitcoin Core's 22 October 2026 policy change to fix and ship bugs findable with a simple LLM prompt instead of embargoing them, DefiLlama's 112 hacks over $1M in 2026 versus 70 in 2025, and the Initia exploit (~$2.7M). It contrasts an agility approach (Starknet, bunker mode) with minimalism and AI-assisted formal verification (Anthropic and Theorem proofs across 123 libraries).

bankless.comarticlePublished and added 23 Oct 2026🛡️ Security

Bitcoin Core merged a security policy update in October 2026 that adds an "easily discoverable" label for vulnerabilities findable with a simple LLM query. Such bugs get a fix backported to all maintained releases and a new version shipped fast with an advisory, instead of a long embargo. Antoine Poinsot of Chaincode Labs proposed the change after a spike in reports. The article also recaps the Bitcoin Red Team and AI-found Lightning and wallet bugs.

decrypt.coarticlePublished and added 23 Oct 2026🛡️ Security

Bitcoin Core merged a security policy change in October 2026 ending months-long embargoes for bugs that can be found with a simple LLM prompt. Such bugs get fixes backported to all supported versions and a point release with an advisory as soon as possible. Author Antoine Poinsot accepts less bake time. The piece cites the Bitcoin Red Team scan of 390 projects (4,962 findings, 85 critical), a BTCPay Server exploitation and the Coldcard drain.

coindesk.comarticlePublished and added 23 Oct 2026🛡️ Security

Decrypt explainer on neoclouds, specialist providers such as CoreWeave and Nebius that rent Nvidia GPU clusters for AI training and inference. It covers the chips, power and debt model, Bitcoin miners turned AI hosts, and customers including Microsoft, AWS, Google and Anthropic. It cites Gartner's 14 October 2026 forecast that over 80% of neoclouds will stop operating independently by 2030.

decrypt.coarticlePublished and added 22 Oct 2026🧠 AI

Bankless summary of Coinbase's October 2026 proposal for making Bitcoin quantum-safe. It covers upgradeable address designs (BIP-360 P2MR, P2TRv2, hybrid addresses), four candidate signatures (ML-DSA, SLH-DSA, FN-DSA, SHRINCS) with size and stateful-key-reuse trade-offs, a five-stage migration plan, and a separate track for dormant coins with exposed public keys such as Satoshi's.

bankless.comarticlePublished and added 21 Oct 2026🛡️ Security

CoinDesk reports that an Anthropic internal research model traced five NSA-supplied NIST elliptic-curve seeds to the C library generator lrand48 fed with 1997–98 timestamps. It matched P-256's published seed at the 1,842nd candidate, in under 30 minutes and without being told about the earlier "forgotten phrase" theory. This makes a hidden backdoor in the NIST curves less likely, though why some candidates were skipped and how other curve parameters were chosen remain unexplained. The article also explains why Bitcoin's secp256k1 was never part of the question, and that quantum risk is a separate threat.

coindesk.comarticlePublished and added 17 Oct 2026🛡️ Security

CoinDesk reports that an internal Anthropic research model traced five unexplained seeds behind the NSA-supplied NIST elliptic curves to lrand48, an old C random-number generator fed with 1997–98 timestamps. It took under 30 minutes. The model matched the P-256 seed at the 1,842nd candidate. Its reasoning trace briefly wondered whether it was in a simulated test before concluding the discovery was real. The result makes a hidden backdoor less likely and claims a $36,864 bounty, donated to ISRG. The article also explains why Bitcoin's secp256k1 was never affected, and that quantum computing is a separate threat.

coindesk.comarticlePublished and added 17 Oct 2026🧠 AI

CoinDesk reports Google's Science paper showing its Willow chip prepares "magic states" with about 40x fewer errors (about 99.99% fidelity, but only about 8% of attempts survive post-selection) using a method called cultivation. It explains why this lowers one hardware bottleneck for a Shor's-algorithm attack on Bitcoin's ECDSA keys, but does not make an attack 40x cheaper. It also separates coins with permanently exposed public keys (early Satoshi-era outputs, which an offline attacker can target) from hash-hidden keys, where the attacker must race the spend. The article cites Google's March estimate of under 500,000 physical qubits and about 500,000 reliable magic states per second for a roughly nine-minute attack.

coindesk.comarticlePublished and added 17 Oct 2026🛡️ Security

Galaxy Research newsletter piece on the roughly $91M theft from buyers of Ledger hardware wallets sold by the reseller CryptoBilis. A hidden component reads the 24-word recovery phrase off the screen during setup and sends it over LTE via an eSIM. The Secure Element and Genuine Check are untouched, so the check passes on tampered units. It traces the drain across 474 victim addresses on Bitcoin, Ethereum and TRON, including 88% of the value moving in one hour on Oct. 9, and the laundering and freezes (Tornado Cash, Tether). It also places the incident among the quarter's other custody and infrastructure failures (Coldcard weak seeds, Liquid, Bitget) and gives buying and operational guidance.

galaxy.comarticleAdded 16 Oct 2026🛡️ Security

Bankless article on Eigen Labs' Yukon, a platform for open-research challenges where developers and AI agents try to improve a technical problem. Each submission is automatically benchmarked, and accepted improvements become the baseline for the next attempt. Results include an ~88% cut in the ECDSA.fail quantum resource-cost benchmark, a ~10x speedup in Lighter's proving software, ~2x faster Qwen and 2.6x faster Laguna on Apple hardware via MLX.fast, and cheaper Quantum Safe Bitcoin proofs ($320 down to $59). Newer challenges (HashSmash, sig.golf, better.codes) target hash-function weaknesses, hash-based signatures and post-quantum proofs. All the improvements are theoretical or benchmark-level unless stated as deployed.

bankless.comarticlePublished and added 14 Oct 2026🧠 AI

Bankless article on Eigen Labs' Yukon platform, which runs open challenges where researchers and AI agents attack and improve cryptography. It covers ECDSA.fail (quantum circuit cost for attacking Bitcoin/Ethereum ECDSA, cut about 88% from baseline), HashSmash (SHA-256 weakness hunting, so far only on reduced versions), sig.golf (hash-based signatures), StarkWare's Quantum Safe Bitcoin (cost down from about $320 to $59) and better.codes (provable security raised from 64 to about 68 bits). The argument is that public, measurable attack-cost data helps defenders prepare better than withholding circuits does. All gains are theoretical and no quantum computer has run an attack at this scale.

bankless.comarticlePublished and added 14 Oct 2026🛡️ Security

CoinDesk summarizes Coinbase's recommendations for making Bitcoin quantum-resistant before a cryptographically relevant quantum computer (CRQC) can derive private keys from public keys. The proposals are: a transaction format that can carry new signature types (P2MR/BIP-360, P2TRv2), staged hybrid "1-of-2" spends with ECDSA/Schnorr or a post-quantum key, and stateless options alongside stateful schemes to avoid key-reuse forgery. They also ask that evaluation favor constant-time, RNG-failure-safe implementations, require MPC compatibility, and handle dormant or late-migrating coins as a separate debate. It is a useful overview of the defensive migration design space, but it is secondary reporting and not the primary Coinbase paper.

coindesk.comarticlePublished and added 14 Oct 2026🛡️ Security

Coinbase's October 2026 position on Bitcoin's post-quantum migration, as reported by The Block. Coinbase, which holds about 5% of bitcoin supply, favors output designs that separate the container from the signature scheme (P2MR/BIP-360, P2TRv2), staged hybrid 1-of-2 spending paths, a stateless option beside stateful signatures, and MPC-compatible schemes for custody. It also wants the abandoned-coins debate run in parallel.

theblock.coarticleAdded 31 Oct 2026, published 14 Oct 2026🛡️ Security

Summarizes Coinbase's blog post on preparing Bitcoin and custody infrastructure for post-quantum threats. It covers public-key exposure (an estimated 6.7–7M BTC behind already-exposed keys), BIP 360 (P2MR) and P2TRv2 outputs, 1-of-2 hybrid classical/post-quantum spending paths, and the state-reuse forgery risk of stateful signatures. It also covers candidate schemes (ML-DSA, SLH-DSA, FN-DSA, SHRINCS), MPC/HSM compatibility and side-channel tests, and separate handling of dormant, lost and exposed legacy funds.

en.cryptonomist.charticlePublished and added 13 Oct 2026🛡️ Security

Ledger's Donjon team confirmed on October 10, 2026 a physical implant inside a hardware wallet sold by Malaysia-based reseller CryptoBilis. The implant reads the device display, decodes the 24-word recovery phrase with a microcontroller, and exfiltrates it over LTE via a provisioned eSIM, leaving the Secure Element, OS, transactions and signatures untouched. Onchain investigator Specter traced over $86 million in suspected thefts across Ethereum, Tron and Bitcoin; Ledger advises CryptoBilis buyers to migrate funds to a new device with a new recovery phrase.

en.cryptonomist.charticlePublished and added 13 Oct 2026🛡️ Security

Ledger's Donjon security team confirmed an unauthorized hardware implant inside Ledger signers sold by Southeast Asian reseller CryptoBilis. The implant sits in the enclosure, reads the 24-word recovery phrase from the screen during setup, decodes it with a microcontroller, and exfiltrates it over LTE via a provisioned eSIM, without touching the Secure Element, OS, or signatures. Onchain investigator Specter traced over $86M in suspected thefts across Ethereum, Tron and Bitcoin; Ledger is reviewing reports of tampered devices elsewhere and advises affected buyers to move funds to a new device with a new seed.

decrypt.coarticlePublished and added 13 Oct 2026🛡️ Security

Decrypt reports Ledger's 72-hour update: all confirmed wallet-draining cases involve devices sold by Southeast Asian reseller CryptoBilis, which has stopped hardware wallet sales. Onchain investigators Specter and YFarmX traced over $86M in suspected thefts across Ethereum, Tron and Bitcoin. They describe laundering through Tornado Cash, Zcash's shielded pool and a USDT-to-USDD swap to avoid Tether freezes. An unverified claim of tampered devices (extra cables, LTE module) bought at European retail stores is also covered. Ledger advises CryptoBilis buyers not to set up devices and to move funds to a new seed phrase on a device bought from Ledger.

decrypt.coarticlePublished and added 12 Oct 2026🛡️ Security

CoinDesk reports that Ledger confirmed an unauthorized hardware implant in at least one device sold by the Southeast Asian reseller CryptoBilis. On-chain researchers estimate $86–93M was drained from more than 300 wallets across Bitcoin, Ethereum and Tron. Ledger says its internal systems and direct sales are unaffected, and it advises not initializing unused devices and moving funds to a new seed on a device bought directly from Ledger. It also covers the reseller's sales suspension, Ledger's tightened distributor chain-of-custody rules, unverified speculation that the reseller was bought out, and the July 2026 Coldcard seed-generation flaw.

coindesk.comarticlePublished and added 12 Oct 2026🛡️ Security

SecurityWeek reports that Daniel Rhyne, a core infrastructure engineer, was sentenced to 32 months for sabotaging and extorting his employer, an industrial firm in New Jersey. In November 2023 he planted scheduled tasks on the domain controller that deleted 13 domain admin accounts and reset passwords on 301 domain users, 254 servers and 3,284 workstations, mostly to 'TheFr0zenCrew!'. He then emailed a 20 bitcoin (about $750,000) ransom demand. Internal log correlation with physical access records, plus FBI work, traced the activity to his home IP address.

securityweek.comarticlePublished and added 10 Oct 2026🛡️ Security

Ledger is investigating fund losses among Southeast Asian customers who bought hardware wallets from the reseller CryptoBilis. It has asked the reseller to pause sales and told buyers from the last 90 days not to set up their devices, or to move funds to a new device with a fresh seed phrase. Onchain investigator Specter traced about $86–87M in thefts across Ethereum, Tron and Bitcoin. Ledger has confirmed neither the figure nor the cause, though pre-compromised devices shipped with an attacker-known recovery phrase are the suspected mechanism.

decrypt.coarticlePublished and added 9 Oct 2026🛡️ Security

News report on a suspected supply-chain attack on Ledger hardware wallets sold by the Southeast Asian reseller CryptoBilis. Ledger asked the reseller to suspend sales and shipments, and told buyers from the last 90 days not to initialize devices. Customers who already set up a device should move funds to a new signer with a fresh seed. Onchain investigator Specter estimated more than $86M stolen from hundreds of wallets across Ethereum, TRON and Bitcoin, with 10 addresses listed. The figure is unconfirmed, and there is no evidence that Ledger's hardware or core infrastructure was compromised. The Security Alliance directs victims to its SEAL 911 Telegram bot.

en.cryptonomist.charticlePublished and added 9 Oct 2026🛡️ Security

The Block reports that Ledger is investigating fund losses among Southeast Asian users who bought hardware wallets from the reseller CryptoBilis, an official reseller in Indonesia, Malaysia and the Philippines. Onchain researchers tanuki42 and Specter estimate losses above $72M and $86M across Bitcoin, Ethereum and Tron, but neither figure is confirmed. Ledger asked the reseller to pause sales and advised buyers from the past 90 days not to set up devices, or to move assets to a new signer with a new seed. Changpeng Zhao suggested a supply-chain attack with fake or tampered devices, and Mark Karpeles asked for circuit-board photos to check for tampering.

theblock.coarticlePublished and added 9 Oct 2026🛡️ Security