Cybersecurity Financial News

06.02 / 05:13

business Blockchain Cybersecurity Tokens Scams Cybercrime Dingo crypto token flagged as scam over 99% transaction fee backdoor

The research arm of cybersecurity software firm Check Point has flagged the Dingo Token (DINGO) as a “potential scam” after reportedly discovering a smart contract function that has been used to manipulate transaction fees.

03.02 / 05:33

Blockchain Hackers hacks Cybersecurity security Cybercrime phishing Crypto security OpenSea serves as an example of why crypto security must improve

In February 2022, OpenSea fell prey to a major phishing attack that resulted in over $1.7 million in nonfungible tokens (NFTs) being stolen from users. It wasn’t the only incident: Blockchain users reportedly lost $3.9 billion to fraudulent activity in 2022 alone.

01.02 / 00:47

defi hacks Cybersecurity Governance Token Wormhole wins second 'temp check' to become bridge for Uniswap governance

The Uniswap DAO has approved a second non-binding proposal, called a “temperature check,” to make Wormhole the official bridge for cross-chain governance of the protocol between BNB Chain and Ethereum, according to the official proposal page.

31.01 / 22:05

defi Hackers Cybersecurity security Decentralization LayerZero bridging protocol denies accusation of 'critical vulnerabilities'

Summa founder James Prestwich has accused the $382 million LayerZero bridging protocol of hosting a “critical vulnerability.”

15.01 / 01:21

business Hackers hacks Cybersecurity Solana Foundation warns about security incident with Mailchimp

Solana Foundation, the non-profit organization of the Solana Network, disclosed on Jan. 14 a security incident involving its email service provider Mailchimp.

14.01 / 18:05

Technology Adoption Cybersecurity security App-specific blockchains remain a promising solution for scalability

App-specific blockchains, or appchains, are specifically designed to support the creation and deployment of decentralized applications (DApps). In an appchain, each app runs on its separate blockchain, linked to the main chain. This allows for greater scalability and flexibility, as each app can be customized and optimized for its specific use case.

10.01 / 08:47

business Blockchain Cybersecurity Scams crypto phishing SlowMist 5 sneaky tricks crypto phishing scammers used last year: SlowMist

Blockchain security firm SlowMist has highlighted five common phishing techniques crypto scammers used on victims in 2022, including malicious browser bookmarks, phony sales orders and trojan malware spread on messaging app Discord.

09.01 / 22:49

Adoption Cybersecurity security Bitcoin safe analyst How to keep your crypto safe in 2023: a few tips from an analyst

There is no excuse for not putting a few hours of research into how to properly custody your crypto, according to lead on-chain analyst James Check. Joining the latest debate around self-custody, the analyst pushed back against the notion that managing private keys is too complicated and risky for the average crypto user.

09.01 / 12:01

defi hacks Cybersecurity security DeFi-type projects received the highest number of attacks in 2022: Report

It’s no secret that in 2022 the world of Web3 and decentralized finance (DeFi) experienced a slew of major exploits and attacks. From the Ronin bridge attack to the Nomad hack, the top 10 exploits alone saw over $2 billion lost.

06.01 / 19:13

defi hacks Cybersecurity security Balancer Balancer warns some LPs to remove liquidity ASAP because of a 'related issue'

In a Jan. 6 tweet, DeFi protocol Balancer warned certain liquidity providers to remove their LPs "ASAP" due to an ongoing issue related to some of the service's pools. Some pools have had their fees set to zero by the balancer emergency multisig, but the team indicated that not all effects of the still unknown issue could be mitigated in this way.

05.01 / 01:15

NFT Cybersecurity DApp Dapps Influencer NFT influencer falls victim to cyberattack, loses $300K+ CryptoPunks

Nonfungible token (NFT) influencer CryptoNovo announced on Jan. 4 that he fell victim to a cyberattack and lost two CryptoPunks. He wrote on Twitter, “I just got hacked!!! Are you kidding me!?!” and included a screenshot from OpenSea showing two CryptoPunks being transferred to another address.

04.01 / 16:49

defi Hackers Cybersecurity security Hackers steal $3.5M worth of digital assets from GMX whale

Hackers have started the year with another exploit, with several million being taken from a whale holding large amounts of decentralized finance (DeFi) protocol GMX’s native token.

30.12 / 05:11

Hackers Cybersecurity Scams phishing recovery Crypto’s recovery requires more aggressive solutions to fraud

It’s hardly an exaggeration to say that our industry is facing tough times. We’ve been in the midst of a “crypto winter” for some time now, with the prices of mainstays, including Bitcoin (BTC) and Ether (ETH), tumbling. Likewise, monthly nonfungible token (NFT) trading volumes have fallen more than 90% since their multibillion dollar peak back in January of this year. Of course, these declines have only been exacerbated by the numerous black swan events rocking the crypto world, such as the FTX and Three Arrows Capital meltdowns. Taken together, it shouldn’t be a surprise that crypto is facing a trust deficit.

27.12 / 00:47

Ethereum Hackers Cybersecurity security BitKeep exploiter used phishing sites to lure in users: Report

The Bitkeep exploit that occurred on Dec. 26 used phishing sites to fool users into downloading fake wallets, according to a report by blockchain analytics provider OKLink.

26.12 / 17:09

business Cybersecurity Bitcoin reports Bitcoin mining pool BTC.com reports $3M cyberattack

Major cryptocurrency mining pool BTC.com has suffered a cyberattack resulting in a significant loss of funds by the company and its customers.

21.12 / 12:03

Blockchain Cybersecurity security Crypto on-chain crime drama sees the good guys finally win

The stories about people getting their private keys hacked or stolen are nothing new, with a number losing their life savings because of these thefts. However, in quite an anti-climax scene, a crypto user managed to save their crypto holdings despite losing their private keys.

15.12 / 16:13

Adoption Cybersecurity security identity Identity in the metaverse at risk, says former Windows architect

The metaverse is coming for users at full speed. Companies and brands are jumping into digital reality, and according to a recent survey, consumer interest is climbing alongside all the activity.

08.12 / 18:41

business Adoption Cybersecurity security How do crypto hardware wallet firms make money?

The hardware wallet industry has emerged as one of the most resilient sectors to the ongoing cryptocurrency winter, with issues like the FTX crash bringing in even more cold wallet sales.

02.12 / 17:25

Blockchain defi DEX Cybersecurity Trader allegedly saw over 5000x gains after Ankr protocol hack

As the BNB Chain-based protocol Ankr was exploited and the hacker dumped Ankr Reward Bearing Staked BNB (aBNBc) tokens, a trader took advantage of the price discrepancies to turn $2,879 into $15.5 million.

30.11 / 17:01

Blockchain regulation Cybersecurity Analysis Cross-Chain Illicit cross-chain transfers expected to grow to $10B: Here's how to prevent them

Improved blockchain analytics will become increasingly important to combat the use of cross-chain bridges for illicit means, which are estimated to surpass $10 billion in value by 2025.

29.11 / 02:21

business Facebook Cybersecurity Meta user data Meta fined €265M for allowing scrapers to steal Facebook's centralized user data

The Irish Data Protection Commission (DPC) announced on Nov. 28 that it has fined Facebook developer Meta €265m for breach of the European Union’s General Data Protection Regulation (GDPR). Specifically, the commission stated that it had fined Meta for failing to design Facebook in such a way that it would protect users from data breaches.

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