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Crypto Custody Firm Fireblocks Latest to Cut Jobs Amid Tech Layoffs
7.2.2024
Crypto custody provider Fireblocks has announced a reduction in its workforce as part of a restructuring effort. In a recent interview with Bloomberg, Fireblocks said it has been working on restructuring its go-to-market and customer support operations over the past six months. The goal is...
Kraken’s Security Team Keeps a Low Profile on Social Media By Design
6.2.2024
Crypto exchange Kraken is prioritizing security and ensuring its security team maintains a low public profile. Chief security officer Nick Percoco recently told Financial News that his 400-member team is encouraged to refrain from using social media. This strategy is aimed at mitigating potential...
Lawmaker: Lack of Russian Crypto Regulations ‘Undermines Moscow’s Anti-Sanctions Policies’
6.2.2024
A leading politician thinks insufficient Russian crypto regulation is “undermining the government’s efforts to counter” Western economic sanctions. The media outlet RBC quoted Andrei Lugovoy, the First Deputy Chairman of the State Duma’s Committee on Security and Anti-Corruption, as calling Russian...
An Overview Of The Bitamp Bitcoin Wallet For Bitcoin Enthusiasts
5.2.2024
  Bitamp Bitcoin wallet is a popular non-custodial wallet that allows users to have complete control over their Bitcoins. Being non-custodial and open-source, it ensures top-notch security and privacy for Bitcoin transactions. Let’s explore the key benefits and features that make Bitamp...
DOJ Charges Trio Behind $400 Million SIM Swap Attack on FTX
4.2.2024
The United States Department of Justice has charged three individuals accused of masterminding the SIM-swapping attack that siphoned over $400 million from FTX. The indictment of the trio appears to undercut claims that incarcerated FTX founder Sam Bankman-Fried was the mastermind behind the hack....
Singapore Police Warn About ‘Crypto Drainers’ Stealing Cryptocurrencies From Wallets
3.2.2024
Singapore’s Police Force and Cyber Security Agency (CSA) have issued a joint warning about “crypto drainer” malware, which steals cryptocurrencies from wallets. As digital assets become more popular, “Cybercriminals are increasingly leveraging crypto drainers to target...
Real World Asset Tokenization Is Fake News
2.2.2024
User Interface Bug in Friend.tech Caused Traders to Overpay 187 ETH for ‘Keys’
2.2.2024
A bug in the user interface implementation of Friend.tech has led to traders overpaying for ‘keys’ on the platform. In a recent post on X, security researchers Pawel Wylecial and ‘E.Laszlo’ said the bug arises from the user interface caching information before transactions...
Binance Launches Inscription Marketplace for BRC-20 Tokens
1.2.2024
Digital asset exchange, Binance has launched its inscription marketplace that will allow users to trade and inscribe BRC-20 tokens and other related assets. According to a Feb 1 announcement, Binance noted that the marketplace will be a one-stop solution for inscription-based tokens with...
Singapore Authorities Raise Concerns Around Crypto Draining Kits
1.2.2024
Singapore police authority and the Cyber Security Agency of Singapore have raised concerns around cryptocurrency draining kits. In a joint statement, the authorities warned that cybercriminals are increasingly leveraging cryptocurrency drainers and targeting owners of digital wallets. (1/2) As...
XRP Price Prediction as On-Chain Data Suggests Ripple is Hacked for $100 Million – Is XRP Going to Crash?
31.1.2024
The XRP (XRP) price has rebounded back above $0.51 following downside earlier in the day on concerning reports that a key Ripple Labs executive had been hacked for XRP tokens worth over $100 million. Concerns about the security of XRP creator Ripple Labs XRP holdings, combined with concerns that...
Web3 Lost $38.9 Million to Bad Actors in First Month of 2024: Quantstamp
31.1.2024
Bad actors have stolen $38.9 million from various Web3 projects in the first month of 2024. According to a recent report from Quantstamp, a decentralized finance (DeFi) security startup, bad actors used different attack vectors to steal funds, including smart contract hacks, key compromises,...
Web3 Lost $127M to Hackers in January 2024 + More Crypto News
31.1.2024
Get your daily, bite-sized digest of blockchain and crypto news – investigating the stories flying under the radar of today’s news. In today’s edition: Web3 Lost $127M to Hackers in January 2024; Up 5.9x YoY Messari Expands Market Intelligence Services to Europe Portal Raises $34 Million from Major...
Korean Crypto Exchanges Block Romance Scammers’ Access to Digital Assets Worth Over $82 Million
31.1.2024
South Korean cryptocurrency exchanges have successfully stopped romance scams and voice phishing criminals from siphoning digital assets worth over $82.6 million in the past year. The exchanges attribute their success in blocking criminals to abnormal transaction detection systems, which assist...
Peckshield Report Reveals Decline in Crypto Losses Despite Persistent Threats in 2023
31.1.2024
Peckshield’s latest report reveals a mix of challenges and advancements in the crypto world. Despite a notable decrease in overall losses to hacks and scams, decentralized finance protocols remain heavily targeted, accounting for a significant portion of the cyber thefts. Peckshield Report...
Portal Raises $34 Million to Develop Decentralized Bitcoin Cross-Chain Swaps
30.1.2024
Fintech provider Portal has raised $34 million in seed funding to develop its Bitcoin-based decentralized exchange (DEX) which will aid cross-chain swaps between multiple networks. In a Jan 30 announcement, the company disclosed an exit from stealth mode and an inflow of $34 million to build...
80% of Comments on Tweets from Famous Projects are from Phishing Scam Accounts: SlowMist
30.1.2024
Approximately 80% of comments on tweets from famous projects are occupied by phishing scam accounts. In a recent Medium post, the SlowMist Security Team said it has been inundated with reports of theft within the cryptocurrency community. “Upon analyzing these incidents, we discovered that...
Web3 Gaming Firm Immutable Opens zkEVM Mainnet Early Access with Polygon
29.1.2024
Gods Unchained developer Immutable launched early access for its zkEVM Mainnet powered by Polygon on Monday. In the early access period, a mainnet deployer allowlist will be in place to guarantee operational smoothness and user security. Initially, this allowlist will include specific game studios...
As Blockchains Push Toward Decentralization, These People Serve as Ultimate Guardians
29.1.2024
The goal of these "protocol councils,” sometimes called “security councils,” is to nudge these nascent networks toward increasing decentralization, by gradually removing them from under the control of their original developers. How are they different from boards of directors?
PeckShield: Crypto Scams Plummeted 27.78% in 2023
29.1.2024
Blockchain security firm PeckShield has released an overview of the state of cryptocurrency hacks in the last twelve months with over 600 reported cases resulting in losses of $2.61 billion. Impressively, crypto scams saw a drop of 27.78% in 2023. The company disclosed its latest findings in a...