Cybersecurity Financial News

24.04 / 09:27

defi Hackers hacks Cybersecurity security negotiations Hack negotiations: Why do platforms with ineffective bounty programs pay a higher price

In April alone, at least three incidents of hackers returning exploited funds were witnessed in the decentralized finance (DeFi) space. On April 4, the Euler Finance team was able to recover $176.4 million after offering the hacker 10% of the stolen funds.

22.04 / 20:01

business Hackers hacks wallet Cybersecurity Trust Wallet Trust Wallet to reimburse users after $170,000 security incident

Crypto wallet Trust Wallet disclosed a security vulnerability that resulted in nearly 170,000 losses for some users. The vulnerability has been patched, according to the company.

19.04 / 07:37

Ethereum Twitter Hackers hacks Cybersecurity security MetaMask Exploit MetaMask denies claims of wallet exploit in 'massive' $10M hack

Cryptocurrency wallet provider MetaMask has denied claims that an exploit of its wallet is the cause of a “massive wallet draining operation" that has claimed over 5,000 Ether (ETH).

18.04 / 20:27

Blockchain defi Hackers hacks Cybersecurity security SafeMoon hacker agrees to return 80% of stolen funds, says development team

The attacker who drained $8.9 million of Binance Coin (BNB) from SafeMoon has agreed to return 80% of the funds, according to an April 18 blockchain message from the SafeMoon team.

17.04 / 17:53

Blockchain Ethereum defi Hackers hacks Cybersecurity security KyberSwap vulnerability KyberSwap announces potential vulnerability, tells LPs to withdraw ASAP

Kyber Network, developer of the Kyberswap Elastic decentralized crypto exchange, has announced on Apr. 17 that there is a potential vulnerability in the exchange's contracts. It has advised all liquidity providers to remove their funds as soon as possible.

16.04 / 17:53

defi Hackers Cybersecurity lending Cybercrime Hundred Finance loses $7 million in Optimism hack

Multichain lending protocol Hundred Finance has experienced a significant security breach on the Ethereum layer-2 blockchain Optimism. According to the protocol on Twitter, the losses sit at $7.4 million.

14.04 / 22:27

Blockchain Ethereum Adoption privacy Cybersecurity data MetaMask MetaMask third-party provider was hacked, exposing email addresses

The email addresses of some MetaMask users may have been exposed to a malicious party due to a recently discovered cyber-security incident. According to parent company ConsenSys, the incident affected users who submitted a customer support ticket to MetaMask between August 1, 2021 and February 10, 2023.

13.04 / 14:11

Technology Adoption Developers Cybersecurity security Software NOT 5 high-paying IT jobs that do not require a degree

There are various factors behind the trend of high-paying IT jobs not requiring a degree, such as the industry’s focus on practical skills and experience, and the significant demand for talent in the field. Employers often value candidates who can demonstrate their skills through real-world projects and specialized certifications, rather than solely relying on formal education.

12.04 / 05:27

business regulation Cybersecurity Cybercrime Ransomware Cyber Push to ban ransomware payments following Australia's biggest cyber attack

The Australian government is being pushed to ban the payment of cyber ransoms, usually demanded in cryptocurrency, following a local business suffering a mass data breach and subsequent ransom demand.

11.04 / 14:35

Blockchain Technology defi Cybersecurity DeFi tool to notify users about suspicious on-chain activity

The success of Web3 is dependent upon solutions to the security issues posed by distinct application structures.

10.04 / 16:25

business Blockchain Adoption Hackers Cybersecurity security Bitcoin South Korean crypto exchange GDAC hacked for nearly $14M

South Korean crypto exchange GDAC has been hacked for approximately $13.9 million worth of crypto. The exchange has halted all deposits and withdrawals and is performing emergency server maintenance in response to the attack, according to an April 10 announcement from GDAC CEO Han Seunghwan.

10.04 / 13:09

Blockchain Ethereum Hackers hacks Cybersecurity security SushiSwap Exploit Community on SushiSwap exploit: The $3.3 hack is 'weird’

Decentralized finance (DeFi) protocol SushiSwap recently suffered an exploit due to a smart contract bug leading to over $3 million in losses. Members of the crypto community responded to the hack, with some thinking that there was something fishy about the hack.

09.04 / 15:45

Blockchain defi Hackers hacks DEX Cybersecurity security BUG Exploit SushiSwap approval bug leads to $3.3 million exploit

A bug on a smart contract on the decentralized finance (DeFi) protocol SushiSwap led to over $3 million in losses in the early hours of April 9, according to several security reports on Twitter.

07.04 / 13:49

Blockchain Ethereum Hackers Cybersecurity security transactions Euler Finance attack: How it happened, and what can be learned

The March 13 flash loan attack against Euler Finance resulted in over $195 million in losses. It caused a contagion to spread through multiple decentralized finance (DeFi) protocols, and at least 11 protocols other than Euler suffered losses due to the attack.

07.04 / 13:19

Blockchain Ethereum Hackers hacks Cybersecurity security Lost Here's how much is lost to crypto hacks and exploits in Q1 2023

Hackers were able to gain access to more than $320 million just in the first quarter of 2023, according to on-chain data consolidated by the quarterly report released by blockchain security firm CertiK.

06.04 / 20:49

Blockchain Ethereum defi Hackers hacks Cybersecurity security Euler team denies on-chain sleuth was a suspect in hack case

The pseudonymous Twitter user and blockchain investigator Officer’s Notes believes they may have been a suspect in the $195 million Euler Finance hack. In an April 4 Twitter thread, the security researcher stated, “Seems like I was a suspect in this case, as usual.”

04.04 / 13:03

Blockchain Ethereum defi Ethereum 2.0 Cybersecurity security Binance Coin 73.3% of Q1 rug pulls happened on BNB Chain: Immunefi

BNB Chain was the king of rug pulls in the first quarter of 2023, with over 73.3% of such scams in the entire crypto ecosystem happening on the network, according to an April 4 report from blockchain security firm Immunefi.

04.04 / 06:09

business Blockchain defi Hackers hacks Cybersecurity Cybercrime Returns Allbridge exploiter returns most of the $573K stolen in attack

A large portion of the roughly $573,000 pilfered from the multichain token bridge Allbridge has been returned after the exploiter seemingly took up the project’s offer for a white hat bounty and no legal retaliation.

03.04 / 02:53

business Blockchain defi Hackers hacks Cybersecurity Cybercrime Allbridge offers bounty to exploiter who stole $570K in flashloan attack

The attacker behind a $573,000 exploit on the multi-chain token bridge, Allbridge, has been offered a chance by the firm to come forward as a white hat and claim a bounty.

30.03 / 18:59

Ethereum defi hacks Cybersecurity security Uniswap Gnosis Gnosis launches Hashi bridge aggregator to help prevent hacks

Gnosis, the team behind Gnosis Safe multi-sig and Gnosis Chain, has launched a hash oracle aggregator for blockchain bridges, according to an announcement from the company. In a conversation with Cointelegraph, Gnosis CEO Martin Köppelmann stated that the new aggregator should make bridges more secure by requiring more than one bridge to validate a withdrawal before it can be confirmed.

28.03 / 05:49

business Blockchain Hackers Cybersecurity Customers Bitcoin ATM maker to refund customers impacted by zero-day hack

Bitcoin ATM manufacturer General Bytes says it is reimbursing its cloud-hosted customers that lost funds in a "security incident" in March that saw its customers' hot wallets accessed.

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