Android cryptowallet users in danger of vulnerability

Mobile Android cryptocurrency wallet users are now at risk of hacking because of MediaProjection service vulnerability
20 November 2017   1026

The users who are holding their cryptoassets on the wallets on Android platform should be careful with their holdings while using the applications as the wallets are now at risk of being hacked. The new vulnerability allows the MediaProjection service to capture the user’s screen and audio content and currently almost 80% of all Android users remain at risk of data being stolen as the bug affects the Lollipop, Marshmallow and Nougat platforms.

Security researchers from MWR Labs discovered that the cause of this vulnerability is due to the fact that affected Android versions are unable to detect a partially obscured SystemUI pop-ups. This was explained in MWR report published on November 13.

Japan to Tighten Regulation Due to Zaif Hack

$ 62 000 000 worth cryptocurrency was stolen from the Zaif exchange few weeks ago
25 September 2018   83

Hacking of Zaif exchange is the reason for toughening control over the market by the financial regulator of Japan, Reuters reports.

The first measure taken was administrative sanctions against the exchange and its operator Tech Bureau Corp. The Financial Services Agency (FSA) has expanded the list of requirements for the latter, pointing out the need to identify preventive measures and search for the organizers of the theft.

Shortly before that, researchers of the Japanese financial company Tech Bureau Corp could not provide details of the theft of $ 62 million from the Zaif crypto exchange at the request of the FSA. The Osaka-based operator had to investigate the causes, consequences of the theft and options for compensating the victims. According to the Agency, the financial company could not cope with the task.

According to the Tech Bureau, the exchange was hacked on September 14 within a few hours. The problem with the server was discovered by the site staff on 17 September. Official confirmation of the incident and notification of the authorities was made only a day later.

Recall, the theft of $ 60 million from the Japanese stock exchange Zaif caused a surge of volatility of bitcoin. For a short time the price was able to overcome the distance of $ 400.