Phantom Chat is under scrutiny after a phishing attack drained $264,000 in Wrapped Bitcoin, renewing concerns over wallet UX and address poisoning scams.
Wallet News
In the digital world, a wallet, or e-wallet, is where people store cryptocurrencies. A Bitcoin wallet stores a holder’s Bitcoin (BTC), which is sent to that crypto wallet by the user or another party.
There are many different types of cryptocurrency wallets, each catering to different user needs and preferences. Software wallets, including desktop, mobile and web wallets, offer convenience as they are accessible across devices. They are user-friendly but vulnerable to malware and hacking attacks. Hardware wallets, on the other hand, are physical devices that store cryptocurrency offline, providing enhanced security by keeping assets isolated from internet threats. While hardware wallets offer robust protection, they can be expensive and are susceptible to physical damage or loss.
Paper wallets involve printing private keys and addresses on paper, keeping them offline. They offer heightened security, but if the paper is lost or damaged, access to funds is irretrievable. Additionally, online wallets, often provided by exchanges, offer ease of use but pose higher security risks due to their susceptibility to cyberattacks.
Securing wallets involves encryption, two-factor authentication and backup mechanisms. Users must weigh the advantages of accessibility against the disadvantages of potential vulnerabilities, choosing a wallet type that aligns with their security requirements and usage preferences.
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Base creator Jesse Pollak said after rolling out the Base App to the public in December, "we’ve realized we need to do less, better."
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A CTDG Dev Hub participant introduces an adapter layer for RGB to facilitate seamless integration with wallet SDKs.
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TON Pay’s new SDK lets Telegram Mini Apps accept Toncoin and stablecoins in a single, low-fee checkout flow, seeking to make TON a payments rail for its 1.1 billion monthly active users.
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Analysts have warned that Ethereum’s Fusaka upgrade has made address poisoning cheaper, as malicious actors can carry out dust attacks for very little cost.
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Payy says its new layer-2 network routes ERC-20 transfers through privacy pools by default without requiring new wallets or tokens.
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The rollout provides access to tokenized US stocks, ETFs and commodities through Ondo GM tokens for non-US users on Ethereum, excluding 30 jurisdictions at launch.
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Stablecoin issuer Tether said the initiative will help millions of users from emerging markets such as Africa, Latin America and Southeast Asia with global financial inclusion.
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Attackers have hijacked trusted Snap Store publishers via expired domains, allowing malicious wallet updates to reach long-time Linux users.
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A third-party e-commerce breach exposed order data, enabling phishing attempts without compromising Ledger wallets or self-custody systems.
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South Korea’s customs agency charged three suspects over a more than $100 million crypto-linked remittance scheme using WeChat Pay and Alipay, per Yonhap.
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Vitalik Buterin wants improved private payments, easier running of full nodes, decentralized apps that don’t rely on centralized services, and more on-chain privacy.
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A growing amount of the blockchain industry’s fees are captured by DeFi protocols rather than the underlying networks, signaling a potential investor shift to front-end facing applications.
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Electronic brokerage giant Interactive Brokers says its clients can deposit USDC, which will automatically convert to US dollars to fund their accounts.
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Ethereum saw activity retention nearly double to 8 million addresses in a month while daily transactions hit an all-time high of 2.8 million amid soaring stablecoin use.
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