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“# THORChain concludes 2 security audits following summer exploits ” Cross-chain liquidity protocol THORChain has fully recovered from two summer exploits that compromised millions of dollars in user funds after the company announced Thursday that it had received passing grades in a new security audit. The simultaneous audits, which were carried out by cybersecurity companies…
“# Aussie cyber spies to control critical infrastructure during ransomware attacks ” Australia’s top cyber spies are set to gain greater powers in the event of ransomware or other cyber attacks on critical infrastructure. The Australian Signals Directorate (ASD), a government agency in charge of cyber warfare and information security, would be able to take…
“# How will DOJ’s new crypto enforcement team change the game for industry players, good and bad? ” On Oct. 6, the United States Department of Justice, or DOJ, announced the creation of a specialized unit, the National Cryptocurrency Enforcement Team, or NCET, tasked with prosecuting criminal misuses of digital assets and crypto infrastructure, as…
“# Chainalysis acquires cybercrime investigative firm Excygent in fight against ransomware attacks ” Blockchain analytics firm Chainalysis has purchased cybercrime investigative company Excygent for an undisclosed amount, hinting the two will continue to work together to help “dismantle ransomware operations.” In an Oct. 5 announcement, Chainalysis CEO Michael Gronager said the firm had collaborated with…
“# DeFi security project ‘Lossless’ helps recover $16.7M from Cream Finance hack ” Lossless, a decentralized finance, or DeFi, security outfit has assisted in the recovery of 5,152.6 Ether (ETH) siphoned during the Cream Finance exploit that occurred in August. Tweeting on Monday, Lossless identified white hat security expert Pascal Caversaccio as being pivotal to…
“# Hackers exploit MFA flaw to steal from 6,000 Coinbase customers — report ” Cryptocurrency exchange Coinbase has reportedly suffered another security breach after attackers were able to bypass the company’s multi-factor authentication, or MFA, feature in a coordinated campaign earlier this year. The attackers stole cryptocurrency from 6,000 accounts, though the monetary value of…
“# Law Decoded: China FUD and false dichotomies, Sept. 20–27 ” In the wake of yet another iteration of China’s enduring crackdown on cryptocurrency, a particularly influential narrative on Crypto Twitter suggests that by banning Bitcoin (BTC), China has definitively put itself on the dark side of the struggle, while the collective West must now…
“#Apple issues emergency update to block clickless spyware” Apple issued an emergency software update on Monday after researchers found a flaw in the company’s products that made them vulnerable to powerful “no click” spyware, reports and experts said. The exploit, called FORCEDENTERY, could attack through iMessaging services on iPhones, Mac computers and Apple watches –…
“# Blockchain security company GK8 announces custody partnership with Stellar ” Blockchain cybersecurity company GK8 will be offering custody and tokenization services to the Stellar network, a move that could spark institutional interest in the Stellar Lumen (XLM) token. By integrating with Stellar, customers of GK8 can access XLM investments in a custodial setting, opening…
“# US Air Force prioritizes blockchain security with new Constellation Network contract ” A blockchain-based initiative from the United States Air Force will employ Constellation’s Hypergraph Network to provide data security with the Department of Defense’s commercial partners. In a Thursday announcement, Constellation said it had been working with Kinnami Software Corporation to develop an…