Bitcoin bridge XLink resurrection underway post $10M hack
[May 17 2:13 AM] XLink faced a security breach involving almost $10 million, with $4.3 million recovered thanks to a friendly neighborhood white hat hacker.
4 / 7 Relevant items tagged with #Cybersecurity
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Binance develops ‘antidote’ to address poisoning scams after $68M exploit
[May 16 3:46 AM] Binance’s new algorithm has already helped detect over 13.4 million spoofed blockchain addresses on BNB and over 1.68 million on Ethereum.
Israeli fintech Kima, Mastercard lab look to develop ‘DeFi credit card’
[May 14 11:38 AM] Kima is seeking to bridge traditional and Web3 finance and make the user experience more manageable.
CertiK discovered $5M security flaw in Wormhole bridge on Aptos
[May 13 1:46 PM] A flaw in the bridge could have allowed an attacker to produce fake token transfers, but it was discovered and patched before anyone could take advantage of it.
279 Crypto Accounts Forfeited to US Government in North Korean Laundering Crackdown
[May 12 11:15 AM] The U.S. District Court for the District of Columbia has ordered the forfeiture of 279 cryptocurrency accounts containing funds linked to alleged hacks of crypto exchanges by North Korean operatives. This measure is a component of a broader U.S…
Interpol Nigeria boosts cybersecurity with virtual asset training
[May 11 6:22 AM] The training will enable officers to effectively address cybercrimes involving virtual assets, particularly stablecoins.
Bugs in Gains Network fork let traders profit 900% on every trade: Report
[May 9 2:31 PM] An attacker could have placed a limit buy order with an arbitrarily high open price to automatically win every trade, the Zellic security platform discovered.
QANplatform launches world’s first quantum-resistant, EVM-compatible testnet
[May 7 9:00 AM] Quantum computers will be able to crack today’s main cryptographic algorithms employed by the whole internet, including banking applications, email providers, and social media platforms.
Crypto Now Has a 'Neighborhood Watch' to Guard Against Hacks
[May 6 7:00 AM] Justine Bone, a cybersecurity firebrand whose research led to recalls of half a million faulty pacemakers, leads the new information-sharing and analysis center for crypto firms.
Microsoft pours $2.2B into Malaysia for cloud, AI expansion
[May 2 3:24 AM] In a statement, Microsoft said it will collaborate with the Malaysian government to establish a “national AI Center of Excellence” and improve cybersecurity capabilities.
North Korean Lazarus Group Withdraws $1 Million in BTC Using Mixing Service
[Jan 9 4:00 PM] The Lazarus Group, one of the most infamous cryptocurrency hacking collectives, has made one of its largest cryptocurrency withdrawals in over a month. According to Arkham, an on-chain intelligence exchange system, the group withdrew a million…
NFT Trader’s stolen Apes returned after bounty payment
[Dec 17, 2023 12:09 PM] The hacker returned 36 BAYC and 18 MAYC after receiving a 120 Ether bounty payment from Yuga Labs co-founder Greg Solano.
Bitcoin inscriptions added to US National Vulnerability Database
[Dec 10, 2023 11:47 AM] The United States National Vulnerability Database (NVD) flagged Bitcoin’s inscriptions as a cybersecurity risk on Dec. 9.
Meta releases ‘Purple Llama’ AI security suite to meet White House commitments
[Dec 7, 2023 12:30 PM] Meta believes that this is “the first industry-wide set of cyber security safety evaluations for Large Language Models (LLMs).”
Bitcoin is of ‘national strategic importance’ says US Space Force officer
[Dec 3, 2023 9:53 PM] U.S. Space Force Major Jason Lowery wants the U.S. military to prioritize the investigation of proof-of-work systems like Bitcoin for the country’s defense.
BIS advises central banks to plan in advance for CBDC security
[Nov 29, 2023 12:30 PM] From legal issues to hackers, launching a CBDC is fraught with risks, and BIS has a big list of them to consider.
US, Britain and other countries ink ‘secure by design’ AI guidelines
[Nov 26, 2023 10:45 PM] The guidelines suggest cybersecurity practices AI firms should implement when designing, developing, launching, and monitoring AI models.
Australian regulators will compel businesses to report cyberattacks: Report
[Nov 13, 2023 1:32 AM] This obligation won’t be backed by a fine if the company fails to comply, and businesses will still be permitted to pay ransoms, though this is discouraged.
Chinese president calls for unity on AI challenges and cyber development
[Nov 9, 2023 4:23 AM] Xi Jinping addressed the World Internet Conference Summit, saying there is a need to “deepen” exchanges and cooperation on an international level on AI challenges and cyberspace development.
India trained 3,000 police officials on crypto investigations in 2022–2023
[Nov 9, 2023 3:42 AM] The Narcotics Control Bureau and the Indian Cyber Crime Coordination Centre trained 141 officials and over 2,800 officers in the financial year 2022–2023.
UK seeks six crypto investigators to beef up National Crime Agency
[Nov 2, 2023 1:23 AM] The role demands candidates to have the ability to provide strategic and tactical advice to crypto investigations, among other investigative qualities.
This Cybersecurity Pro Gets Paid to Hack Ethereum – for the Good of the Network
[Oct 25, 2023 9:00 AM] One technique that these Ethereum Foundation security researchers use to protect the blockchain is “fuzzing,” a term borrowed from the software-development industry that’s become a common way of checking to make sure a system is secure and…
SEC plans scrutiny of crypto dealer-brokers, transfer agents, per 2024 exam guide
[Oct 16, 2023 11:57 AM] The SEC sets examination priorities based on feedback from examiners and input from investors and the industry.
Immunefi launches on-chain bug bounties through ‘Vaults’ system
[Sep 26, 2023 8:00 AM] The Web3 security platform now allows projects to deposit bounty funds to a Safe smart contract, proving the funds are available.
FTX Restores Full Access to Claims Portal After Cybersecurity Breach
[Sep 17, 2023 2:30 PM] The portal allowing FTX customers to file claims with the bankrupt cryptocurrency exchange is again fully operational after a recent security incident. User accounts that were affected by the breach in August have been unfrozen, the failed crypto…
Ripple says security incident accelerated its acquisition of Fortress Trust
[Sep 13, 2023 1:00 PM] A multimillion-dollar security breach involving a third-party vendor hastened Ripple’s acquisition of Fortress Trust on Sept. 8.
IMF Publications’ Report Highlights Growing Risks of Generative AI in Financial Sector
[Sep 12, 2023 10:30 AM] As artificial intelligence (AI) continues its expansion into the finance sector, a new report published on the International Monetary Fund (IMF) Publications web portal cautions about risks associated with the latest AI capabilities in the…
Security platforms warn about hidden phishing and wallet drainer links
[Sep 8, 2023 2:40 AM] Cybersecurity professional Christian Seifert gave an example on how Discord's measure against malicious links can be abused by scammers.
Crypto Thefts in 2023: Nearly $1 Billion Lost to Scams and Exploits, Reports Certik
[Sep 1, 2023 2:30 PM] According to cybersecurity firm Certik, nearly $1 billion in cryptocurrency has been pilfered due to scams, rug pulls, and exploits throughout 2023. The company highlighted that the combined incidents in August alone led to a loss of $45.8 million…