Cybersecurity Financial News

29.11 / 08:23

Ethereum Target Cybersecurity Pool Nov track KyberSwap KyberSwap’s $47 Million Hacker to Propose Deal in Upcoming Statement

The KyberSwap hacker has indicated plans to propose a deal, with a statement expected on November 30.

28.11 / 20:19

business Adoption regulation Cybersecurity Multisignature Fireblocks launches trading system to mitigate centralized exchange risk

Multi-party computation (MPC) wallet provider Fireblocks has released a new trading system for institutions that use centralized exchanges, according to a Nov. 28 announcement. Called “Off Exchange,” the new system allows institutional traders to swap tokens without first depositing them on the exchange. Fireblocks claimed this system would help to eliminate counterparty risk on centralized exchanges and prevent future FTX-like collapses.

27.11 / 04:47

business Government Cybersecurity security US, Britain and other countries ink ‘secure by design’ AI guidelines

The United States, United Kingdom, Australia, and 15 other countries have released global guidelines to help protect AI models from being tampered with, urging companies to make their models “secure by design.”

24.11 / 22:41

Ethereum defi Hackers hacks Cybersecurity layer2 Staking Blast network hits $400M TVL, rebuts claim that it's too centralized

Web3 protocol Blast network has gained over $400 million in total value locked (TVL) in the four days since it was launched, according to data from blockchain analytics platform DeBank. But in a Nov. 23 social media thread, Polygon Labs developer relations engineer Jarrod Watts claimed that the new network poses significant security risks due to centralization.

24.11 / 21:19

defi Hackers Cybersecurity security Taxes FBI Tax Agency KyberSwap attacker used ‘infinite money glitch,’ Australia’s tax agency won’t clarify DeFi rules: Finance Redefined

Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week.

23.11 / 18:19

defi Hackers hacks DEX Cybersecurity security Cybercrime KyberSwap attacker used ‘infinite money glitch’ to drain funds: DeFi expert

The attacker who drained $46 million from KyberSwap relied on a “complex and carefully engineered smart contract exploit” to carry out the attack, according to a social media thread by Ambient exchange founder Doug Colkitt.

22.11 / 13:32

Blockchain Hackers hacks Cybersecurity security HECO Chain bridge compromised over $86.6M sent to suspicious addresses

Data shared by blockchain security platform PeckShield shows that more than $86.6 million in digital assets were transferred from the HECO Chain bridge to suspicious addresses. The security firm suggests that the bridge is compromised and an exploit is ongoing.

21.11 / 09:27

Blockchain Cybersecurity security vulnerability Security firm dWallet Labs flags validator vulnerability that could affect $1B in crypto

Blockchain security firm dWallet Labs recently disclosed a vulnerability that it claims could affect up to $1 billion worth of crypto, with assets such as Ether (ETH), Aptos (APT), BNB (BNB) and Sui (SUI) at risk.

20.11 / 11:47

Blockchain Hackers hacks Cybersecurity security exchanges Poloniex says hacker’s identity is confirmed, offers last bounty at $10M

Crypto exchange Poloniex recently posted a message to the hacker responsible for stealing over $100 million in digital assets from one of its wallets, saying that it has identified the person and is giving the perpetrator a chance to return the assets in exchange for a $10 million bounty.

16.11 / 06:05

business Blockchain Cybersecurity security Smartphone saga Solana hoses down ‘inaccurate’ CertiK report on Saga phone security flaws

A recent video from blockchain security firm CertiK made a series of “inaccurate” claims about a potential security vulnerability in Solana’s crypto-enabled Saga phone, Solana Labs has said.

15.11 / 19:39

Ethereum defi Cybersecurity 46% of crypto lost from exploits is due to traditional Web2 flaws - Immunefi

A new report from blockchain security platform Immunefi suggests that nearly half of all crypto lost from Web3 exploits is due to Web2 security issues such as leaked private keys. The report, released on November 15, looked back at the history of crypto exploits in 2022, categorizing them into different types of vulnerabilities. It concluded that a full 46.48% of the crypto lost from exploits in 2022 was not from smart contract flaws but was rather from “infrastructure weaknesses” or issues with the developing firm’s computer systems.

15.11 / 19:15

Blockchain Ethereum defi Cybersecurity layer2 Layer 2 networks hit $13B TVL, but challenges still remain

Ethereum layer-2 networks reached a new milestone on Nov. 10, reaching $13 billion of total value locked (TVL) within their contracts, according to data from blockchain analytics platform L2Beat. According to industry experts, this trend of greater interest in layer 2s is likely to continue, although some challenges remain, especially in the realms of user experience and security.

15.11 / 12:12

Blockchain Hackers hacks Cybersecurity Bitcoin Cybersecurity team claims up to $2.1B in crypto stored in old wallets is at risk

While the crypto community is still weathering the effects of the recent $100 million Poloniex hack, another cybersecurity threat that could affect billions worth of crypto assets has been discovered by a team of blockchain security experts.

13.11 / 11:47

Blockchain hacks Cybersecurity security Bitcoin Hackers claim to have stolen user data from defunct crypto ATM firm Coin Cloud

An anonymous group of hackers claims to have stolen personal information for about 300,000 customers of the Bitcoin (BTC) ATM company called Coin Cloud, the pseudonymous cybersecurity account Vx-underground posted on X (formerly Twitter).

13.11 / 11:47

regulation Cybersecurity crimes Cybercrime Australian Australian regulators will compel businesses to report cyberattacks: Report

Australian authorities will oblige local companies to be fully transparent and report any ransomware cyberattacks on their businesses. The country’s economy lost $2.59 billion to cybercrimes in 2021.

09.11 / 10:53

Cybersecurity Cyber Chinese president calls for unity on AI challenges and cyber development

Chinese President Xi Jinping addressed an audience on Nov. 8 at the World Internet Conference Summit in Wuzhen, China calling for international cooperation on risks posed by artificial intelligence (AI).

09.11 / 10:19

Blockchain Adoption Cybersecurity Cybercrime Police Investigations India trained 3,000 police officials on crypto investigations in 2022–2023

The annual report from India’s Ministry of Home Affairs (MHA) revealed that officials from various cybercrime and police departments were trained in cryptocurrency forensics and investigation during the financial year 2022–2023.

05.11 / 01:09

business Bitfinex Cybersecurity security phishing email phishing attack fall Bitfinex users fall for ‘minor’ phishing attack after employee gets hacked

Cryptocurrency exchange Bitfinex said it suffered a “minor” information security incident after one of its customer support agents was hacked earlier in the week (Oct. 30 — Nov. 5).

02.11 / 08:15

Adoption regulation Cybersecurity Cybercrime investigation UK seeks six crypto investigators to beef up National Crime Agency

Reacting to the rising attempts by bad actors to dupe crypto investors, the United Kingdom’s National Crime Agency (NCA) plans to form a specialized cryptocurrency and digital assets team to counter the issue.

01.11 / 21:25

Blockchain Adoption Hackers hacks Cybersecurity security Cybercrime lazarus Lazarus used ‘KANDYKORN’ malware in attempt to compromise exchange —Elastic

Lazarus Group used a new form of malware in an attempt to compromise a crypto exchange, according to an October 31 report from Elastic Security Labs.

01.11 / 10:21

Blockchain Adoption privacy Cybersecurity security services Near taps Nym for metadata privacy, encryption services

Layer-1 protocol Near has tapped blockchain security firm Nym to provide end-to-end encryption and metadata privacy services for its ecosystem.

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