Part of MyEtherWallets to be Under a Thread

New security issue is related to  free Hola VPN plug-in, which is installed on 50 000 000 computers
10 July 2018   357

One of the most popular Ethereum wallets, MyEtherWallet suffered from the second major security breach in the last year, after the widely used VPN service was compromised. This is reported by TechCrunch.

MyEtherWallet warned its users using the free Hola VPN plug-in, which is installed on 50 million computers, that they could become victims of an attack aimed at stealing cryptocurrency.

The company stated that Hola was compromised for 5 hours. Users who used the plug-in and their wallet may lose the funds stored on it. MyEtherWallet recommends that everyone who used the wallet and VPN during the last 24 hours to transfer their funds to a new address.

MyEtherWallet Twitter
MyEtherWallet Twitter

In a conversation with TechCrunch, the MyEtherWallet team reported that it assumes that the attack originated from the Russian IP address.

The safety and security of MEW users is our priority. We’d like to remind our users that we do not hold their personal data, including passwords so they can be assured that the hackers would not get their hands on that information if they have not interacted with the Hola chrome extension in the past day.

MEW Team

Earlier, MyEtherWallet was already the victim of the attack. Then a DNS server was hacked, which allowed the hacker to redirect users to a phishing copy of the site.

Prime Trust to Launch Custody Service for Crypto

CEO claimed his company will be the first to offer custody for any ERC-20 tokens
15 August 2018   120

Prime Trust announced the launch of the cryptocurrency custody service. This is reported by the Coindesk.

It became known that as early as the middle of July, the bitcoin storage service became available to customers, and next week support for Ethereum and ERC-20 tokens will be added.

In cryptographic storages, the access key to the wallet is stored either on a secure device not connected to the network or on paper in a safe.

Recently, information has appeared that several financial market mastodons, including Goldman Sachs, Northern Trust and Intercontinental Exchange, plan to provide custodian services for cryptocurrencies. However, according to Prime Trust head Scott Purcell, they were able to get ahead of the above-mentioned organizations.

They are trillion-dollar Fortune 100 entities, and they are just not going to move that fast. "We had had an engineering breakthrough which now enables us to easily cold-storage any ERC-20 token (along with BTC and ETH, of course).

Scott Purcell

CEO, Price Trust

Also, Scott notes that Prime Trust will be the first company to offer any ERC-20 tokens storage services.