6 / 7 Relevant items tagged with #CyberSecurity

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Hundred Finance loses $7 million in Optimism hack

[Apr 16, 2023 11:14 AM] The attacker reportedly manipulated the exchange rate between ERC-20 tokens and hTOKENS to steal over $7 million from the protocol.

MetaMask third-party provider was hacked, exposing email addresses

[Apr 14, 2023 2:13 PM] The incident affected users who submitted a MetaMask customer service ticket between August 1, 2021 and February 10, 2023.

DeFi tool to notify users about suspicious on-chain activity

[Apr 13, 2023 1:15 AM] In determining the success of Web3, security measures like PureFi’s SafeTransact alongside Web3 security companies are an approach to secure transactions from cybercriminals.

South Korean crypto exchange GDAC hacked for nearly $14M

[Apr 10, 2023 10:13 AM] The exchange said that all deposits and withdrawals are temporarily suspended as it performs emergency server maintenance.

SushiSwap approval bug leads to $3.3 million exploit

[Apr 9, 2023 9:37 AM] Only users who have traded on the decentralized exchange in the last four days are apparently affected.

Trustwave Spiderlabs Researchers Warn of New Strain of Malware That Drains Crypto Funds

[Apr 8, 2023 12:30 AM] According to researchers at Trustwave Spiderlabs, a strain of malware known as Rilide is believed to be helping cybercriminals steal funds from cryptocurrency exchanges. Although the steps being taken to tackle this malware are likely to make life…

Euler Finance attack: How it happened, and what can be learned

[Apr 7, 2023 7:45 AM] The Euler Finance exploit was the largest of Q1 2023, and the risk of a similar attack on other protocols remains.

Euler team denies on-chain sleuth was a suspect in hack case

[Apr 6, 2023 2:00 PM] The investigator claimed to be targeted as a suspect because they maintained a crypto security repo on GitHub.

73.3% of Q1 rug pulls happened on BNB Chain: Immunefi

[Apr 4, 2023 7:00 AM] Rug pulls and other frauds made up a small percentage of losses compared to hacks and exploits, the report stated.

Gnosis launches Hashi bridge aggregator to help prevent hacks

[Mar 30, 2023 12:32 PM] Bridge protocols LayerZero, Celer, Wormhole, LiFi, and others have already committed to implementing the new protocol.

A third of US crypto holders have experienced theft: Report

[Mar 22, 2023 10:47 AM] 10% of crypto holders surveyed made no attempt at protecting their assets; victimization varied strongly by age.

Crystal Blockchain Study Reveals $16.7 Billion in Crypto Assets Stolen Since 2011

[Mar 21, 2023 2:00 PM] Crystal Blockchain, a company that provides blockchain data and analytics, published a study covering security breaches, fraud, and scams related to cryptocurrency and decentralized finance (defi). According to the study, approximately $16.7…

‘AI can be defeated with cryptography,’ says Chelsea Manning at SXSW

[Mar 15, 2023 8:01 AM] Cointelegraph sat down with activist and cybersecurity expert Chelsea Manning to discuss how blockchain technology can combat challenges associated with artificial intelligence.

Silicon Valley Bank Failure Highlights Dangers of Fractional-Reserve Banking

[Mar 12, 2023 2:30 PM] After the failure of Silicon Valley Bank (SVB), a great deal of Americans are starting to realize the dangers of fractional-reserve banking. Reports show that SVB suffered a significant bank run after customers attempted to withdraw $42 billion…

What is ethical hacking, and how does it work?

[Mar 11, 2023 5:07 AM] Ethical hacking is the practice of identifying and testing vulnerabilities in a system to improve its security and prevent unauthorized access.

Multisig wallets vulnerable to exploitation by Starknet apps, says developer Safeheron

[Mar 9, 2023 7:00 AM] The vulnerability allegedly allows Web3 apps using the Starknet protocol to bypass the security protection of private keys in MPC wallets, potentially exposing users' private keys to wallet providers.

Fraudsters Offer Russians Bogus Chance to Invest in Fake ‘State Cryptocurrency’

[Mar 9, 2023 4:30 AM] Internet users in Russia have been targeted in an email campaign advertising the launch of an alleged cryptocurrency issued by the state. Potential victims are encouraged to follow a link to the website of the fraudulent investment scheme, security…

Uniswap DAO debate shows devs still struggle to secure cross-chain bridges

[Feb 26, 2023 8:01 AM] Developers face tradeoffs between making bridges upgradeable to fix bugs versus making them decentralized.

Aussies revealed as prime targets of Israel crypto scam syndicate

[Feb 24, 2023 12:07 AM] Evidence found that Australians were one of the top countries targeted in a sophisticated cryptocurrency investment scam network, which has suspected kingpins in Israel.

Coinbase discloses recent cyberattack targeting employees

[Feb 22, 2023 1:00 PM] No customers' funds or information were impacted, according to the company. Coinbase's engineering team believes the attack is associated with a sophisticated phishing campaign.

Platypus DeFi faces flash loan attack, according to CertiK

[Feb 16, 2023 4:02 PM] The market maker is used to swap stable coins on the Avalanche blockchain; it has a total locked value of $46 million, according to DefiLlama.

OneKey says it's fixed the flaw that got its hardware wallet hacked in 1 second

[Feb 12, 2023 9:09 PM] Unciphered posted a video showing a "Massive critical vulnerability" in the OneKey Mini. The creators noted it's been patched and are now working on further securing the wallet.

Jump Crypto unveils critical vulnerability on Binance’s BNB Chain

[Feb 11, 2023 10:57 AM] The security flaw would allow the mint of an unlimited amount of arbitrary tokens. The issue was privately disclosed to the BNB team.

Uniswap's BNB deployment should use multiple bridges, claims LIFI CEO

[Feb 8, 2023 3:45 PM] The LIFI executive proposed that a team of four researchers be appointed to study the idea of a multi-bridge approach.

North Korea Stole Record Amount of Crypto Assets in 2022, UN Report Unveils

[Feb 7, 2023 11:30 PM] The regime in North Korea has managed to steal more cryptocurrency last year than in previous years, according to a draft U.N. report. Despite the difference between quoted estimates, the authors conclude that 2022 was a record-breaking year for…

Scammers are targeting crypto users with new ‘zero value TransferFrom’ trick

[Feb 7, 2023 8:33 AM] The trick allows the attacker to confirm zero-value transactions from the victim’s wallet, hijacking the user’s transaction history.

How to protect against crime in the metaverse

[Feb 4, 2023 8:49 AM] To protect against crime in the metaverse, take precautions, such as using secure passwords, and report suspected criminal activities to law enforcement.

OpenSea serves as an example of why crypto security must improve

[Feb 2, 2023 8:09 PM] For cryptocurrency to achieve mass adoption, breaches that can be easily prevented — like the phishing attack that resulted in OpenSea losing $1.7 million — need to end.

Wormhole wins second 'temp check' to become bridge for Uniswap governance

[Jan 31, 2023 3:34 PM] Wormhole got over 60% of the vote in the Uniswap DAO referendum, with LayerZero coming in second.

LayerZero bridging protocol denies accusation of 'critical vulnerabilities'

[Jan 31, 2023 1:00 PM] LayerZero is the protocol used by Stargate bridge, which has over $382 million locked in its smart contracts.