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The world's favorite crypto-currency has made rounds in the headlines this week. The FBI had managed to seize 144,000 Bitcoins  worth some $28.5 million at current exchange rates from Silk Road's founder, that's the largest ever seizure of the cryptocurrency . Bitcoin is an open-source, decentralised, digital currency, whose production is designed to simulate the mining of a commodity, like gold. These Bitcoins belonged to Ross Ulbricht , the 29-year-old who allegedly created and managed the Silk Road , the popular anonymous drug-selling site. In March, 7000 of 10,000 items on Silk Road were drugs. Earlier this month Ulbricht was arrested and the website was taken offline by the Department of Justice and charged with engaging in a drug trafficking and money laundering conspiracy as well as computer hacking and attempted murder-for-hire. The Bitcoin address now known as DPR Seized Coins finished receiving the mass of cryptocurrency and Authorities are also

Ross Ulbricht , the recently arrested mastermind behind Silk Road , appeared in court yesterday where his lawyer begged for more time before the detention hearing. As the Protective Order states, The United States is further authorized to seize any and all Bitcoins contained in wallet files residing on silk road servers and can transfer the full account balance in each silk road wallet to a public Bitcoin address controlled by the United States. Right now the FBI must be feeling pretty good too, because a federally controlled Bitcoin account , renamed as " Silkroad Seized Coins " now contains over $3.5 million worth of the digital currency , seized from Silk Road over 26,000 Bitcoins. As of this writing, the FBI 's Bitcoin address has received 122 transactions, nearly 30 of which apparently come from pranksters and now the account holds 27,365.89919925 BTC. Forbes, Kashmir Hill asked FBI spokesperson that what the plan is for those seized Bitcoins. " W

When you connect your organization's Google Drive account to ChatGPT, you grant ChatGPT extensive permissions for not only your personal files, but resources across your entire shared drive. As you might imagine, this introduces an array of cybersecurity challenges. This post outlines how to see ChatGPT activity natively in the Google Workspace admin console, and how Nudge Security can provide full visibility into all genAI integrations. Since launching ChatGPT in 2022, OpenAI has defied expectations with a steady stream of product announcements and enhancements. One such announcement came on May 16, 2024, and for most consumers, it probably felt innocuous. Titled  "Improvements to data analysis in ChatGPT," the post outlines how users can add files directly from Google Drive and Microsoft OneDrive. It's worth mentioning that other genAI tools like Google AI Studio and Claude Enterprise have also added similar capabilities recently. Pretty great, right? Maybe.‍ When you connec

It's been nearly three months since Edward Snowden started telling the world about the National Security Agency's mass surveillance of global communications. After the last week report that the National Security Agency has leveraged its cooperative relationships with specific industry partners to insert vulnerabilities into Internet security products. Bitcoin , a virtual currency, a peer-to-peer electronic cash system, which is generated on a logarithmic scale by dedicated miners who run software that generate the complex hash codes which make up a Bitcoin.  The integrity of Bitcoin depends on a hash function called SHA-256 , which was designed by the NSA and published by the National Institute for Standards and Technology (NIST). Is it hard to believe that could the intelligence community have a secret exploit for Bitcoin? While there is no evidence yet to support the speculation. " If you assume that the NSA did something to SHA-256, which no outside resea

A critical vulnerability in the Android implementation of the Java SecureRandom random number generator was discovered , that leaves Bitcoin digital wallets on the mobile platform vulnerable to theft. Before the announcement was made, users on the forums had noticed over 55 BTC were stolen a few hours after the client improperly signed a transaction using the compromised random number generator. Bitcoin is a virtual currency that makes use of cryptography to create and transfer bitcoins. Users make use of digital wallets to store bitcoin addresses from which bitcoins are received or sent. Bitcoin uses public-key cryptography so that each address is associated with a pair of mathematically linked public and private keys that are held in the wallet. Because the problem is rooted in the operating system, every Bitcoin digital wallet generated by an Android app is affected by the weakness, including Bitcoin Wallet , blockchain.info wallet , Bitcoin Spinner , and Myc

The Bitcoin mining rig is becoming a popular alternative to people who want an easy way to earn the digital currency. All you have to do is plug the hardware that specializes in Bitcoin mining and run its customized software. After that, you can sit back and relax as it mines the digital currency for you. A popular eSports league has admitted that one of its employees harnessed the power of member's computers without their knowledge in order to mine Bitcoins. For a period of 2 weeks, gamers noticed that their computers were generating unusually high GPU loads and frequent BSOD errors. Some gamers stated that their GPUs were damaged due to them reaching temperatures above 90 degrees Celsius. The mining began on April 13th and affected thousands of gamers, who unwittingly mined over $3,700 worth of the currency. Eric Thunberg, co-owner of ESEA, stated that the Bitcoin miner was meant to be part of an April Fools joke, however, they weren't able to finish it in time. They then de