They also learned the attackers frequently grouped together victims by sending their cryptocurrencies to the same destination crypto wallet. Twitter depicting the movement of stolen cryptocurrencies from victims who used LastPass to store their crypto seed phrases. MetaMask owner Taylor Monahan on Twitter. Taylor Monahan is lead product manager of MetaMask, a popular software cryptocurrency wallet used to interact with the Ethereum blockchain. Which is why the best practice for many cybersecurity enthusiasts has long been to store their seed phrases either in some type of encrypted container – such as a password manager – or else inside an offline, special-purpose hardware encryption device, such as a Trezor or Ledger wallet. “The seed phrase is literally the money,” said Nick Bax, director of analytics at Unciphered, a cryptocurrency wallet recovery company. “The victim profile remains the most striking thing,” Monahan wrote. Monahan said virtually all of the victims she has assisted were longtime cryptocurrency investors, and security-minded individuals. By identifying points of overlap in these destination addresses, the researchers were then able to track down and interview new victims. Monahan has been documenting the crypto thefts via Twitter/X since March 2023, frequently expressing frustration in the search for a common cause among the victims.
Since late December 2022, Monahan and other researchers have identified a highly reliable set of clues that they say connect recent thefts targeting more than 150 people. In November 2022, the password manager service LastPass disclosed a breach in which hackers stole password vaults containing both encrypted and plaintext data for more than 25 million users. Since then, a steady trickle of six-figure cryptocurrency heists targeting security-conscious people throughout the tech industry has led some security experts to conclude that crooks likely have succeeded at cracking open some of the stolen LastPass vaults. But the researchers have published findings about the dramatic similarities in the ways that victim funds were stolen and laundered through specific cryptocurrency exchanges. KrebsOnSecurity has reviewed this signature but is not publishing it at the request of Monahan and other researchers, who say doing so could cause the attackers to alter their operations in ways that make their criminal activity more difficult to track. For example, the researchers said their methodology identified a recent multi-million dollar crypto heist victim as an employee at Chainalysis, a blockchain analysis firm that works closely with law enforcement agencies to help track down cybercriminals and money launderers. Down below, we will try our best to tell you about some of the most common pros and cons of the best bitcoin casino bonuses.
For some crypto casino bonuses, you will need a code. Claiming deposit bonuses (especially a no deposit bonus) will sometimes require you to enter a bonus code after step 2. Entering bitcoin casino bonus codes is optional in some crypto casinos as many of them will just activate the bonus automatically. Before you ask, NO, you can’t choose which game you want to use your free spins no deposit bonus on. Granted, if you are a sports betting hardcore fan you will potentially miss a lot of benefits from the traditional casino segment, but you can start creating your own team and win those sweet Free Bets instead. In the end, while all bitcoin casinos are duking it out to see who is the best, it’s us players who decide the winner. All bets made while playing slots contribute 100% to bonus wagering. In our experience, these aren’t as generous as the welcome bonuses but they do have similar wagering requirements, so they aren’t exactly rip-offs either. Ensure all the requirements for the bonuses are met. Simply find the casino that you are looking for and read our Bitcoin Casino reviews and decide for yourself. But just like all types of casino games on this list, Virtual sports do have their own fan base which is exactly why you can still find them at many casinos.
Armed with your secret seed phrase, anyone can instantly access all of the cryptocurrency holdings tied to that cryptographic key, and move the funds to anywhere they like. Then on Aug. 28, Monahan said she’d concluded that the common thread among nearly every victim was that they’d previously used LastPass to store their “seed phrase,” the private key needed to unlock access to their cryptocurrency investments. “If you have my seed phrase, you can copy and paste that into your wallet, and then you can see all my accounts. If you can’t pick for yourself, then allow us to pick for you. “They truly all are reasonably secure. All casinos, whether they are crypto or traditional, need to have a gambling license. Other than using crypto for wagering, there is no need to reinvent the wheel. Importantly, none appeared to have suffered the sorts of attacks that typically preface a high-dollar crypto heist, such as the compromise of one’s email and/or mobile phone accounts. Collectively, these individuals have been robbed of more than $35 million worth of crypto. Casinos (and players) have to pay fees for transactions made between them and the player. Bax said he closely reviewed the massive trove of cryptocurrency theft data that Taylor Monahan and others have collected and linked together.
