Cybersecurity Financial News

25.07 / 17:03

Blockchain Ethereum defi hacks Cybersecurity security zkSync Era Lend on zkSync exploited for $3.4M in reentrancy attack

Lending app Era Lend on zkSync has been exploited for $3.4 million worth of crypto, according to a July 25 report from blockchain security firm CertiK. The attacker used a “read-only reentrancy attack” to drain the funds, which is a type of attack that interrupts a multi-step process and then causes it to continue after a malicious action has been performed. Specifically, a “read-only” reentrancy is one that does not update the state of a contract.

25.07 / 08:47

business Blockchain Twitter Hackers hacks Cybersecurity security Gaming DAO warns users of fake airdrops amid social media hacks

A decentralized autonomous organization (DAO) focusing on gaming has recently warned its users that some of its X accounts were compromised. The company reminded its community that they don’t have airdrops, new mints or anything else planned.

17.07 / 14:09

Blockchain Hackers hacks Cybersecurity security Lost Lost keys have already cost billions of dollars, many more at risk — Polygon exec

While private or mnemonic keys offer many advantages for security, they also present practical challenges, according to Mudit Gupta, the chief information security officer of layer-2 scaling solution Polygon.

14.07 / 09:11

Blockchain Cybersecurity security Standard MultiversX launches on-chain two-factor authentication standard

Two-factor authentication (2FA) is a tried and tested online security measure, and the technology is now being used as an additional transaction signing measure on MultiversX’s blockchain protocol.

13.07 / 13:55

Blockchain Hackers hacks Cybersecurity security Cybercrime Threat Crypto users USB keystroke injectors still a threat to crypto users

The Diabolic Drive’s name sounds as ominous as its potential payload. The recently developed USB wireless keystroke injection tool is intended to stress test networks, but could it potentially be used as a means to steal cryptocurrency from unwitting users?

11.07 / 14:05

Technology Adoption defi Hackers Cybersecurity security hackathon BUG Bug bounties can help secure blockchain networks, but have mixed results

Bug bounties are programs organizations offer to incentivize security researchers or ethical or white hat hackers to find and report vulnerabilities in their software, websites or systems. Bug bounties aim to improve overall security by identifying and fixing potential weaknesses before malicious actors can exploit them.

07.07 / 22:43

business coinbase Cybersecurity Scams Coinbase domain name reportedly used by scammers in high-profile attacks

Update (July 7 at 9:33 PM UTC): This article has been updated to include Coinbase's response.

05.07 / 12:33

Blockchain defi Hackers hacks Cybersecurity security Crypto hacks and exploits snatch over $300M in Q2 2023: Report

More than $300 million in digital assets were lost to crypto hacks and exploits in the second quarter of 2023, according to on-chain data compiled in the quarterly report by the blockchain security company CertiK.

03.07 / 10:57

NFT Hackers hacks Cybersecurity security data Half of stolen NFTs are sold within 3 hours: PeckShield

A new report from blockchain security firm PeckShield found that half of stolen nonfungible tokens (NFTs) get sold within 160 minutes on various NFT marketplaces like Blur and OpenSea.

27.06 / 18:55

defi hacks Cybersecurity Cybercrime recovery Yield Protocol declares full recovery from Euler hack, awaits user token exchange

Yield Protocol announced on June 27 that it had fully recovered from the Euler flash loan attack. Liquidity providers can now update their strategy tokens, the protocol said on Twitter. That was the last step to protocol restoration after “a long journey.”

26.06 / 14:03

Blockchain defi Cybersecurity security Scams Breaking down the ongoing token impersonation scams with DeFi execs

Decentralized Finance (DeFi) protocol Tres Finance warned the community about a scam that involves fake tokens designed to mimic legitimate transactions.

19.06 / 13:19

Blockchain Cybersecurity security Threat CertiK receives $500K bounty after Sui blockchain threat discovery

Blockchain security firm CertiK has received a bounty of $500,000 from the Sui network after flagging a threat that had the potential to disrupt Sui's entire layer-1 blockchain.

16.06 / 09:19

defi Hackers hacks Cybersecurity security Exploit Sturdy stablecoin market reopens three days after $800K exploit

After recently suffering a recent exploit on its platform, decentralized finance (DeFi) protocol Sturdy Finance has reopened its stablecoin market.

16.06 / 02:58

business Blockchain Hackers hacks Cybersecurity Cybercrime Withdrawals Broker Institutional crypto broker FPG halts withdrawals after $20M cyberattack

Cryptocurrency brokerage firm Floating Point Group (FPG) has confirmed it has halted trading, withdrawals and deposits on its platform after falling victim to a cyberattack on June 11. FPG estimates the attack resulted in a total loss of between $15 million and $20 million.

13.06 / 11:49

defi Hackers hacks Cybersecurity security DeFi protocol Sturdy Finance offers $100K bounty to hacker if funds are returned

Decentralized finance (DeFi) platform Sturdy Finance has offered a $100,000 bounty to the hacker that exploited the protocol. The lending platform said that its team won't pursue the issue further if the attacker accepts the offer.

12.06 / 08:37

defi Hackers hacks Cybersecurity security Attacker drains $800K from DeFi protocol Sturdy Finance

Decentralized finance (DeFi) protocol Sturdy Finance has lost 442 Ether (ETH), worth almost $800,000 when writing, to a security exploit. The attacker exploited a vulnerability that eventually manipulated a faulty price oracle, allowing them to drain funds from the protocol.

09.06 / 20:41

Hackers hacks Cybersecurity security exchanges Mt. Gox Bitcoin Department US Justice Department charges two men in Mt. Gox Hack

The United States Justice Department has unsealed charges against two men it says are responsible for the $400 million hack of former Bitcoin (BTC) exchange Mt. Gox. According to the announcement, 43-year-old Alexey Bilyuchenko and 29 year old Aleksandr Verner allegedly conspired to launder 647,000 BTC they stole from Mt. Gox through a hack of the exchange’s servers.

06.06 / 18:36

Blockchain Technology regulation SEC Cybersecurity security Pro-XRP attorney's phone hacked to promote LAW token

Pro-XRP lawyer, John Deaton, has suffered a phone hack on June 4, after a relentless cyberattack over several days.

04.06 / 04:57

Adoption Cybersecurity security crimes Research Elliptic Elliptic integrates ChatGPT to bolster crypto risk detection

Crypto risk management firm Elliptic has integrated ChatGPT to ramp up its accuracy and speed in detecting crypto threats – a move which comes amid other crypto firms reporting mixed results in its implementation.

02.06 / 06:07

defi Cybersecurity security Scams Losses from crypto rug pulls outpaced DeFi exploits in May: Beosin

The amount of cryptocurrency lost to "rug pull" or "exit scams" — where founders suddenly up and leave with investors’ money — had outpaced the amount stolen from decentralized finance (DeFi) projects in May, a blockchain security firm has revealed.

31.05 / 13:35

business Adoption wallet Cybersecurity security Scams Bitcoin Wallet Phishing scams crypto phishing Crypto phishing scams: How users can stay protected

In the fast-paced and ever-evolving world of cryptocurrency, where digital assets are exchanged, and fortunes can be made, a lurking danger threatens the safety of both seasoned investors and newcomers alike: crypto phishing scams.

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