Ethereum News Daily Official TheBitTimes.com

Polychain Capital, a firm concentrating on cryptocurrency investments, has confirmed that the X account of its founder and CEO, Olaf Carlson-Wee, has been hacked . The breach was uncovered on Jan. 4 when Carlson-Wee’s account started promoting a fake airdrop for Polychain’s native token, PCHAIN. The hacker claimed the airdrop was part of Polychain’s New Year celebration, with the post including links that led to a phishing website. However, soon after Polychain discovered the breach, it put out a statement acknowledging the hack and warning users against interacting with Carlson-Wee’s X account until further notice.  Important Notice: Olaf’s personal twitter (@zxocw) has been compromised. Please do not engage with this handle until further notice. — Polychain (@polychain) January 4, 2024 The account , with more than 19,000 followers, has reportedly been retrieved, and the offending post deleted — but not without more than 40,000 X users viewing it. It is yet to be dis...

Unciphered posted a video showing a "Massive critical vulnerability" in the OneKey Mini. The creators noted it's been patched and is now working on further securing the wallet. Crypto hardware wallet provider OneKey says it has already addressed a vulnerability in its firmware that allowed one of its hardware wallets to be hacked in one second flat. On Feb. 10, a video on YouTube posted by cybersecurity startup Unciphered showed they had figured out a way to exploit a "Massive critical vulnerability" in order o "crack open" a OneKey Mini. According to Eric Michaud, a partner at Unciphered, by disassembling the device and inserting coding, it was possible to return the OneKey Mini to “factory mode” and bypass the security pin, allowing a potential attacker to remove the mnemonic phrase used to recover a wallet .  "You have the CPU and the secure element. The secure element is where you keep your crypto keys. Now, normally, the communications are e...