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Blockchain Security Firm CertiK Warns OKX IOS Users to Update After Flagging Vulnerability
20.12.2023
Image Source: Adobe Blockchain security firm, CertiK has urged OKX users on IOS devices to update the software to the latest version after it identified a vulnerability with the potential of causing data and asset losses. In a post on X (formerly Twitter), the firm informed users of the discovery...
Binance Successfully Completes SOC 2 Type II Compliance Audit
20.12.2023
Source: DALL·E Binance has completed a comprehensive SOC 2 Type II compliance audit, aiming to further enhance cryptocurrency security. The crypto exchange Binance announced in a blog post that it had successfully undergone the System and Organization Controls (SOC) 2 Type II compliance audit. This...
Blockchain Association’s Employment of ‘Small Army’ of Former Security Officials Angers US Senator Elizabeth Warren
19.12.2023
U.S. Senator Elizabeth Warren has criticized the Blockchain Association’s use of former security officials to push back against her attempts to link crypto to terrorism funding. Warren claimed that the ease with which U.S. officials can leave their positions in government to work as lobbyists shows...
Bitcoin Struggles for Direction in Run-Up to Christmas + More News
19.12.2023
Get your daily, bite-sized digest of crypto and blockchain-related news – investigating the stories flying under the radar of today’s news. In this edition: Bitcoin Struggles for Direction in Run-Up to Christmas Hong Kong’s AIA Carnival to Accept Cryptocurrency Payments in Partnership with...
Ex-Amazon Engineer Guilty of Historic $12.3M Crypto Heist
18.12.2023
Source: AdobeStock / Sergey Nivens A former Amazon engineer has pleaded guilty to hacking two cryptocurrency exchanges, resulting in the first-ever conviction involving the hacking of a smart contract. Shakeeb Ahmed, a former security engineer at Amazon, is now facing the possibility of up to five...
Ethereum Smart Contract Framework Updated to Combat Security Concerns
18.12.2023
Ethereum sees significant exchange outflows as investors potentially eye long-term holds. Image by Dennis, Adobe Stock. Ethereum is one of the most widely used blockchain networks globally. Recent findings from CoinMarketCap show that Ethereum has the highest number of total developers, accounting...
P2P Platform NFT Trader Falls Victim to Security Flaw, $3 Million in Blue-Chip NFTs Lifted
17.12.2023
Reports indicate, and the peer-to-peer non-fungible token (NFT) market platform has confirmed, that the NFT platform NFT Trader experienced a security breach. An assailant exploited an outdated smart contract, resulting in the theft of nearly $3 million worth of esteemed digital collectibles...
Are Hackers Two Steps Ahead of Security in a Cat-and-Mouse Game? Experts Answer
17.12.2023
Source: AdobeStock / aLListar/peopleimages.com Talking with Cryptonews, Raz Niv, co-founder and CTO at the Web3 security company Blockaid, and Kate Kurbanova, co-founder of risk management firm Apostro, discussed the evolution and high adaptability of crypto thieves, the “ingenious” methods...
Tether CEO Details Partnership with FBI and Secret Service in Letter to Legislators
17.12.2023
Source: Unsplash Tether, the company responsible for the USDT stablecoin, has made public letters it sent to the U.S. Senate Committee on Banking, Housing, and Urban Affairs and the U.S. House Financial Services Committee, underscoring its dedication to security and close cooperation with...
Crypto App Shakepay Reveals Data Breach Affecting a ‘Small Number’ of Customers
16.12.2023
In a recent announcement, Shakepay, the Canadian crypto app, disclosed a data breach involving unauthorized access to personal information of a select group of its customers. The breach, detected on Dec. 13, 2023, compromised data but did not affect any bank accounts, crypto wallets, or customer...
Lesotho’s Entire Payment System Reportedly Goes Offline After Cyberattack
16.12.2023
The Central Bank of Lesotho recently confirmed that its payment system was attacked by unknown cybercriminals. The bank also acknowledged that the resulting downtime is making it “impossible for all local banks to honor inter-bank transactions in the country.” No Financial Loss Suffered...
Inside Job: Security Engineer Behind Multi-Million Dollar Crypto Exploits
15.12.2023
Source: Adobe / Rawpixel.com Shakeeb Ahmed, a senior security engineer associated with an international technology company, pleaded guilty on December 14 to computer fraud in connection with his hacking of two decentralized crypto exchanges. The announcement of the guilty plea was made by Damian...
Connect Kit Exploit Sparks Criticism of Ledger’s Security Framework
15.12.2023
On Dec. 14, 2023, Ledger’s Connect Kit, a Javascript library for wallet connectivity, suffered a significant exploit. This incident, which was contained within two hours, has brought forth a number of criticisms of Ledger’s security practices. Ledger Exploit Elicits Mixed Reactions From...
Nearly Half of Users Primarily Use Crypto to Earn Extra Income — Binance Study
15.12.2023
Nearly half of the crypto exchange Binance’s users list “earning extra income as their primary use for crypto.” The survey also revealed that 36% of the respondents consider “achieving financial security and independence” as the primary objective for using crypto...
Okx Dex Falls Victim to $2.7M Cyber Heist, Arkham Confirms
13.12.2023
Numerous reports reveal that a security breach at Okx’s decentralized exchange (dex) platform resulted in financial damages estimated at $2.7 million, as confirmed by the onchain intelligence firm Arkham. Crypto Platform Okx Dex Hit by $2.7 Million Hack, Bounty Offered for Hacker’s...
Insomniac Games Held for Ransom: Hackers Demand Over $2M in Bitcoin
13.12.2023
Source: Insomniac Games / Twitter The infamous Rhysida hacker group has attacked Insomniac Games, allegedly asking for 50 BTC in ransom. Insomniac Games is an American, California-based video game developer and part of PlayStation Studios. The latter is a division of Sony Interactive Entertainment....
River Guard’s strategy for Solana smart contract security
13.12.2023
By automating vulnerability identification and mitigation, Neodyme’s River Guard protocol strengthens the security of smart contracts on Solana. Robust defense promised. Although Web3’s decentralized architecture offers many intriguing possibilities, there are also significant security...
OKX DEX Exploited: Wallets Authorized to the Exchange Lost Approximately $370,000
13.12.2023
Image Source: Adobe OKX DEX, a decentralized exchange and cross-chain bridge aggregator, has been exploited, with some wallets authorized to the platform losing around $400,000. According to analysis conducted by blockchain security firm SlowMist, the issue revolves around the authorization...
Spider-Man And Wolverine Devs Hit By Alleged Ransomware Attack
12.12.2023
Insomniac Games, the PlayStation-owned developer behind Marvel’s Spider-Man and the upcoming Wolverine, was reportedly breached by a ransomware gang that claims to have stolen employees’ personal data and unreleased information about its upcoming X-Men game.Read more
Nil Foundation Launches Type-1 zkEVM for Enhanced Ethereum Scaling Security
12.12.2023
Source: Pixabay Ethereum research and development firm =nil; Foundation today announced the launch of Type-1 zkEVM, designed to enhance security and scalability for Ethereum. Operating on the zkRollup framework, the zkEVM incorporates zkSharding technology, promising advanced security while...