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Security, regulation, and knowledge gaps: Bad crypto news of the week

3.10.2020
Check out this week’s Bad Crypto podcast

Kucoin Hack: $17M Laundered Via Decentralized Exchanges, Blockchain Analysis Firm Claims This Can Still be Traced

2.10.2020
Elliptic says the Kucoin hacker has sold $17.1 million worth of tokens via decentralized exchanges (dex) platforms like Uniswap, Kyber Network, Tokenlon. The shift to dex applications comes after centralized projects came to the aid of the beleaguered exchange by blocking any cashing out of...

Mainstream lags in crypto understanding, think tank survey finds

29.9.2020
The crypto industry exudes more confidence against industry risks than outsiders looking in

Blockchain technology now powers a privacy-focused security camera

29.9.2020
The new camera from IoTeX reportedly features a private key for access and end-to-end encryption of all data

SEC Won’t Take Action Against Compliance-Focused Digital Security Exchanges

29.9.2020
Digital security exchanges that ensure listed assets are legitimate will not face sanctions, the SEC said in an open letter

Most crypto exchanges are vulnerable by design, says ByBit CEO

28.9.2020
He isn’t surprised attacks happen

Cryptojacking: A Rising Threat to All Internet Users

27.9.2020
The cryptocurrency revolution steadily marches on. While it has yet to completely reshape the financial and other systems of everyday life, crypto acquisition and usage grow yearly. There is so much to love about cryptocurrency. From its decentralized and democratic nature to the higher levels...

Kucoin Hacked for $150 Million in Bitcoin; Bitfinex and Tether Freeze $33 Million of the Stolen Funds

26.9.2020
Cryptocurrency exchange Kucoin may have been hacked for $150 million in bitcoin and multiple ERC20 tokens. The Singapore-based exchange confirmed the September 25 security breach, but did not disclose the amount stolen. “Bitcoin, ERC-20 and, other tokens in Kucoin’s hot wallets were...

Square CEO Jack Dorsey says Bitcoin holds the keys to security

25.9.2020
He also took the time to discuss how content saved via Blockchains becomes effectively immutable

Cambridge University’s Third Crypto Study Records 101 Million Cryptocurrency Users Worldwide

25.9.2020
The University of Cambridge and the school’s Centre for Alternative Finance has published the third “Global Cryptocurrency Benchmarking Study.” The 71-page in-depth study examines the current growth of the crypto industry, mining, offchain activity, crypto asset user profiling...

Startup Aleo Wants to Help You Use the Internet Without Sacrificing Data Privacy

24.9.2020
Aleo co-founder Howard Wu says a better data privacy model for both companies and consumers can be built using zero-knowledge proofs

Úvod

24.9.2020
Brian Krebs: „These days, complaining about being scanned is about as useful as griping that the top of your home is viewable via Google Earth. Trying to put devices on the Internet and then hoping that someone or something won’t find them is one of the most futile exercises...

Korean Exchanges in Limbo over Customer Social Security Nos Conundrum

24.9.2020
Confusion reigns as to whether South Korean crypto exchanges can – or should – collect their customers’ social security numbers under new Know-Your-Customer (KYC) and anti-money laundering (AML) compliance measures that come into force in a matter of months. Per Digital Today, exchanges are still...

DeFi and security not mutually exclusive, say CertiK and Binance Smart Chain Reps

23.9.2020
The crypto space continues to build frameworks to supplement DeFi's rising star

US Space Force taps blockchain firm Xage Security for data protection

21.9.2020
Going where no blockchain has gone before

Twitter Tightens Security Ahead of Presidential Election

18.9.2020
Twitter is making a host of new security measures compulsory for accounts belonging to users considered influential in the upcoming election

Is Uniswap (UNI) a Security? Lawyers Divided, While Token Skyrockets

18.9.2020
As the DeFi gravy train keeps on rolling, lawyers have begun to ask the question that will likely one day end up on the lips of regulators: Are tokens like uniswap (UNI) securities? With debates now raging on Twitter, a number of legal experts have been wading in with their two cents – as...