HackMiami Publishes Whitepaper 'Analysis of the Cryptocurrency Marketplace,' Comprehensive Overview of Bitcoin, Litecoin and Related Attack Vectors Leveraged by Hackers

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Hackers, commodities traders, and the general population are turning to cryptocurrency during times of regional unrest and economic instability resulting in significant shifts in commodities marketplaces.

HackMiami - Analysis of the Cryptocurrency Marketplace

HackMiami - Analysis of the Cryptocurrency Marketplace

As the prominence of cryptocurrenices such as Bitcoin and Litecoin continue to grow, so will the interest of malicious actors seeking more efficient monetization and cashout methodologies," stated Alexander Heid, president of HackMiami

HackMiami has released a comprehensive whitepaper that outlines technical details of cryptocurrencies such as Bitcoin and Litecoin. The 35 page document gives a detailed overview of the cryptocurrency marketplace, including both legitimate and underground economic activity, and goes over attack methods being used by hackers for the theft and attacks against cryptocurrency users.

"As the prominence of cryptocurrenices such as Bitcoin and Litecoin continue to grow, so will the interest of malicious actors seeking more efficient monetization and cashout methodologies. Attacks against users and businesses will come in the form of wallet thefts, breaches of third party wallet services, and increased government regulations," stated Alexander Heid, author of the whitepaper and President of HackMiami.

The whitepaper release is preparation for the "Cryptocurrency Panel Discussion," scheduled to take place at the Defcon Skytalks hacking conference August 3rd, 2013 in Las Vegas, Nevada.

The panel will be moderated by Alexander Heid, and will feature an array of white hat hackers and information security professionals, some of whom are operators of cryptocurrency mining operations and merchants that accept Bitcoin as a form of payment. The panel will feature James Ball, treasurer of HackMiami, Chris Snyder, a network security specialist, Travis Tolle, professional cryptographic hardware consultant, and Bryce Case, also known as YTCracker, the famed nerdcore rapper who released the cryptocurrency themed hip-hop song "Bitcoin Baron."

About HackMiami

HackMiami is the premier resource in South Florida for highly skilled hackers that specialize in vulnerability analysis, penetration testing, digital forensics, and all manner of information technology and security.

HackMiami seeks to develop and harness the participation of the information security community through regular events, presentations, labs and competitions. These events allow the hacker community a forum to present their research, develop new techniques and methodologies, and at the same time provides valuable a networking resource for contracting opportunities.

Visit the official HackMiami website at - http://www.hackmiami.org

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