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Nalezeno "IT Security": 4220

Rewarding Hackers With Bug Bounties ‘Inherently Creates a Moral Hazard’ Says Expert

7.12.2023
Rewarding hackers who agree to return a portion of the stolen funds not only “creates a moral hazard” but potentially “leads to more security breaches,” a Web3 expert has argued. The recent attacks on Kronos and Kyberswap, as well as the subsequent attempts to engage...

Where and How to Buy Retik Finance (RETIK)? – Beginners guide

7.12.2023
Introduction Retik Finance is not just another cryptocurrency; it’s a platform that aims to seamlessly integrate cryptocurrencies into the global payment ecosystem while providing users with enhanced speed, convenience, safety, and security. If you’re new to Retik Finance and want...

South Korea’s Biggest Supermarket Says Next-gen ATMs May Be Crypto Compatible

7.12.2023
Source: CravenA/Adobe Emart, South Korea’s largest retailer and supermarket chain, says its new next-generation ATMs could soon feature crypto and security token offering (STO) trading functions. The First reported that Emart’s convenience store brand Emart24 has installed new “digital ATMs” at...

New Jersey Bill Proposes Classifying All Crypto Tokens Sold to Institutional Investors as Securities

7.12.2023
A bill has been introduced in the U.S. state of New Jersey to classify all cryptocurrencies issued and sold directly to institutional investors as securities. In contrast, the U.S. Securities and Exchange Commission (SEC) has previously stated that bitcoin is not a security, but SEC Chairman Gary...

Blackrock’s Spot Bitcoin ETF Filing Update Addresses Potential Classification of BTC as a Security by SEC

7.12.2023
Blackrock, the world’s largest asset manager, has warned in its latest spot bitcoin exchange-traded fund (ETF) filing update of the potential for bitcoin to be classified as a security by the U.S. Securities and Exchange Commission (SEC), state regulators, or court rulings. “If...

IBM Unveils New Cold Storage Technology for Enhanced Crypto Asset Security

6.12.2023
Source: DALL·E IBM has announced the release of latest technology designed to enhance the security of cold storage for digital assets, aiming to revolutionize the way cryptos are managed and protected. The IBM Hyper Protect Offline Signing Orchestrator (OSO) is specifically developed to overcome...

Web3 Firm Thirdweb Finds Major Vulnerability In Smart Contracts

5.12.2023
Source: Pixabay Web3 developer Thirdweb has disclosed a security vulnerability that has the potential to affect a range of smart contracts within the Web3 ecosystem. In an X post on Monday, the firm notified its followers that it had found a vulnerability in a commonly used open-source library that...

Societe Generale Issues First Digital Green Bond as Security Token on Ethereum Blockchain

5.12.2023
Source: iStock/AdrianHancu Societe Generale, the third-largest bank in France, has marked a significant milestone by issuing its inaugural digital green bond on the Ethereum public blockchain. Societe Generale announced Monday that it issued its first green bond on the Ethereum blockchain....

AXA, Generali Jump on the RWA Wagon Following Purchase of SocGen’s Green Bonds

5.12.2023
Source: Shutterstock AXA Investment Managers and Generali Investments have recently joined the growing bandwagon of companies purchasing tokenized green bonds as the digitalization of real-world assets (RWAs) gains momentum. According to a press release by French banking giant Societe Generale,...

Digital Assets Worth $343M Stolen From Crypto Exchange Platforms in November — Study

4.12.2023
Digital assets worth just over $343 million were stolen from digital asset platforms in November alone. Centralized exchanges accounted for 53.8% of the total losses, with decentralized exchange platforms accounting for the remainder. The 34 attacks on BNB Chain and Ethereum represented 83% of...

Hacker Drains Over $2 Million from Safe Wallet- What’s Going On?

4.12.2023
Source: Pixabay A malicious actor has stolen over $2 million from Safe Wallet users in the past week through address poisoning theft raising the total victim count to 21. Several blockchain security firms have tracked suspected activity from different transactions resulting in losses from Safe...

Asset Managers Should Only Engage Staking Platforms With Strong Security — Andrew McFarlane

3.12.2023
Institutional investors seeking to earn rewards from digital asset token staking must be aware of the associated risks and should take steps to protect their clients, Andrew McFarlane, CTO at the Web3 infrastructure company Validation Cloud, has said. According to McFarlane, slashing, which is...

Over $356M Lost to Hacks, Phishing Scams and Rug Pulls in Crypto in November: Beosin

1.12.2023
Source: Pixabay Beosin EagleEye’s latest report exposes a massive surge in blockchain security incidents during November 2023, leading to a staggering total loss of over $356 million. This marked an alarming 6.9-fold increase compared to the losses reported in October. Hacker Attacks Resulted...

Today in Crypto: $343,038,810 was Lost to Hacks and Fraud in November, a 15x Increase from October

30.11.2023
Source: Immunefi Get your daily, bite-sized digest of crypto and blockchain-related news – investigating the stories flying under the radar of today’s news. __________ Security news Major bug bounty and security services platform Immunefi found that $1,753,707,812 was lost to hacks and rug pulls...

Antpool to Refund 83 BTC Erroneously Paid as Gas Fee to User

30.11.2023
Source: Pixabay / Michael Wuensch Antpool has announced steps to give back 83 Bitcoin (BTC) paid in error as a transaction fee to the user days after the incident. Blockchain security firm, PeckShield posted an update from Antpool on X (formerly Twitter) on the 83 BTC gas fee which sparked diverse...

Aerodrome and Velodrome Suffer Front-End Security Breach

29.11.2023
Source: Pixabay Decentralized crypto exchanges Velodrome and Aerodrome have warned users about a front-end security breach on their websites. In X posts published on Wednesday, Velodrome and Aerodrome warned users against interacting with their websites until further notice. “Our frontend...