Cybersecurity Financial News

30.05 / 12:27

Blockchain Cybersecurity security TRON Multisig vulnerability Security firm discovers $500M vulnerability in Tron multisig accounts

A research team at dWallet Labs has discovered a zero-day vulnerability in Tron multisig accounts, allowing an attacker to bypass the multi-signature mechanism and sign transactions with a single signature.

30.05 / 12:27

Ethereum defi Hackers hacks Cybersecurity security Deal Jimbos Protocol offers deal to hacker, threatens police action

The team behind exploited decentralized finance (DeFi) app Jimbos Protocol has offered a deal to the app’s exploiter: Keep 10% of the funds and return the other 90%, or face prosecution. Otherwise, the team “won’t stop” until the attacker is “behind bars.” The proposed deal was disclosed in a May 28 tweet by the Jimbos team and posted to the Ethereum network.

30.05 / 12:27

business defi Hackers hacks Web3 Cybersecurity security Two key security practices for Web3 startups from Israel Crypto Conference

Security continues to be one of the Web3 space’s most important and relevant matters, as protocols and enterprises continue to face exploits.

28.05 / 08:33

Blockchain Ethereum Hackers hacks Cybersecurity Cybercrime Arbitrum-based Jimbos Protocol hacked, losing $7M in Ethereum

Adding to the existing number of protocol hacks in the crypto industry, Jimbos Protocol has not escaped the sights of the attackers as it has suffered an attack resulting in a loss of a large amount of funds.

28.05 / 06:15

NFT hacks Cybersecurity Metaverse Cybercrime Police The Hong Kong Police Force launch metaverse platform, ‘CyberDefender’

The cyber security unit of the Hong Kong Police Force have launched CyberDefender, a new metaverse platform designed to educate the public of the potential dangers associated with Web3 and the metaverse.

26.05 / 22:27

Ethereum NFT hacks Cybersecurity security Scams phishing The Sandbox CEO’s Twitter was hacked, used to promote alleged ‘airdrop’ scam

Arthur Madrid, co-founder and CEO of metaverse project The Sandbox, was the victim of a Twitter account hack on May 26, according to a post from Madrid that was apparently made after he recovered the account. The attacker allegedly used Madrid’s account to promote a fake “airdrop” phishing scam.

24.05 / 12:29

Blockchain privacy Cybersecurity security Federal Reserve Podcast Freedom Financial Financial surveillance, privacy and CBDCs: Why are governments going cashless?

When most people think of surveillance, they probably think of cameras on street corners, government agencies collecting emails, or smartphones and smart home devices listening to conversations. But there is another form of government and corporate surveillance that gets less attention but is just as prevalent: financial surveillance.

24.05 / 07:17

business Binance Cybersecurity Cybercrime KYC AI deepfakes are getting better at spoofing KYC verification: Binance exec

Deepfake technology used by crypto fraudsters to bypass know-your-customer (KYC) verification on crypto exchanges such as Binance is only going to get more advanced, Binance's chief security officer warns.

22.05 / 04:05

Blockchain defi Hackers regulation Cybersecurity security phishing Crypto hacks falling in Q1 is but a 'temporary reprieve' — Blockchain firm

The crypto community is being urged not to let their guard down despite a significant decline in crypto hacks during the first quarter of 2023 — with one firm warning it is most likely a “temporary reprieve, rather than a long-term trend.”

20.05 / 00:05

business wallet privacy Cybersecurity security LedgerX Bitcoin Wallet Users will decide if they can still trust Ledger with their seed phrases

Self-custody is important in crypto, and security is essential to self-custody. Ledger, a notable hardware wallet manufacturer, has built its reputation on the secure storage of users’ private keys. Hardware wallets create a secure offline environment for storing keys and using keys to execute transactions.

18.05 / 22:01

Adoption wallet Cybersecurity security Hardware Wallet Private Keys Seed Phrase controversy Ledger clarifies how its firmware works after deleted tweet controversy

On May 18, crypto hardware wallet provider Ledger clarified how its firmware works after a controversial May 17 tweet was deleted by the company. The deleted tweet, which Ledger said was written by a customer support agent, had stated that it was “possible” for Ledger to write firmware that could extract users’ private keys.

17.05 / 09:37

Blockchain Telegram privacy Cybersecurity security Messaging App Exploit Telegram addresses camera exploit, points to Apple macOS security permissions

Messaging application Telegram has played down the severity of an discovered exploit that allowed researchers to gain access to camera systems of Apple macOS users.

16.05 / 13:27

Libra Blockchain defi Hackers hacks Cybersecurity security BUG Libra-related Sui blockchain fixes critical bug that put ‘billions’ at risk

The Sui blockchain network quietly fixed a bug that could have put “billions of dollars” at risk, according to a May 16 announcement from Zellic, the security firm hired to audit the network’s security.

16.05 / 01:41

Blockchain Law regulation Cybersecurity crimes Cybercrime US Secret Service holds crypto, praises blockchain tech in Reddit AMA

The United States Secret Service owns crypto, has its own NFT collection, and has praised blockchain technology's ability to fight financial crime, Reddit users learned during a recent ask-me-anything (AMA).

12.05 / 14:13

Technology Adoption Cybersecurity security Fraud Cybercrime Tech How to protect your identity online

In today’s digital age, protecting one’s identity online is more crucial than ever. The internet has facilitated communication and information sharing between people, but it has also facilitated identity theft and the theft of personal data by hackers. This article will go through some practical strategies for protecting your online identity.

12.05 / 14:13

business Adoption wallet Cybersecurity security Mobile Wallet New tech could make crypto and Web3 wallets more convenient

The foundation of the Web3 ecosystem is the wallet, an app or browser extension that lets users verify their web identities and authorize transactions. But using a wallet has always involved a steep learning curve. New users must learn to copy down their seed words and store them in a safe place, create a strong password to encrypt their keystore file, copy addresses accurately when sending funds, and other things they may never have to learn when using a Web2 app.

11.05 / 13:07

business Ethereum Adoption wallet Cybersecurity security Bitcoin New wallet uses Amazon hardware security modules to eliminate seed words

A new crypto wallet has just launched in Apple’s App Store store that uses Web2 trickery to ensure users don’t need to interact with seed phrases or passwords.

11.05 / 10:27

Technology Adoption Cybersecurity Fraud Machine Learning Tech Can artificial intelligence create more jobs?

Artificial intelligence (AI) can increase productivity, boost economic growth, alter existing occupations and generate new ones. Without a doubt, AI will result in some job displacement in the short term, but there are numerous reasons to think that AI will also contribute to creating new jobs and economic growth in the long run.

03.05 / 18:17

business Ethereum IPO regulation SEC Cybersecurity STO Securities token platform launches MPC wallet for institutions

Securities token platform INX has launched a wallet with compliance features for institutions, according to a May 3 announcement. The new wallet was created in partnership with wallet infrastructure provider BitGo and uses multi-party computation (MPC) technology.

01.05 / 05:05

defi hacks Cybersecurity Scams Crypto scams Lost April’s crypto scams, exploits and hacks lead to $103M lost — CertiK

Crypto exploits, exit scams, and flash loan attacks saw little signs of letting up in April, with more than $103 million of funds stolen from crypto projects and investors in the month.

26.04 / 06:47

business Google Cybersecurity security The danger with Google’s new cloud backup for 2FA authenticator

Google released an update for its popular authenticator app that stores a “one-time code” in cloud storage, allowing users who have lost the device with their authenticator on it to retain access to their two-factor authentication (2FA).

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