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” Here’s how to prevent NFT theft, according to industry professionals “ As nonfungible tokens (NFTs) attract more users, they also capture the eyes of scammers. Bad actors in Web3 have set their sights on digital collectibles, with millions being lost through scams and various attacks. However, according to professionals working in the Web3 space,…
” TradFi and DeFi come together at Davos 2023: Finance Redefined “ Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week. Traditional finance, or TradFi, continues to explore the world of cryptocurrencies and blockchain technology, with the World…
” ‘Blockchain Bandit’ reawakens: $90M in stolen crypto seen shifting “ A hacker dubbed the “Blockchain Bandit” has finally woken from a six-year slumber and has started to move their ill-gotten gains. According to Chainalysis, around $90 million in crypto pilfered from the attacker’s long-running string of “programmatic theft” since 2016 has started moving over…
” Moonbirds creator Kevin Rose loses $1.1M+ in NFTs after 1 wrong move “ Kevin Rose, the co-founder of the nonfungible token (NFT) collection Moonbirds, has fallen victim to a phishing scam leading to more than $1.1 million worth of his personal NFTs stolen. The NFT creator and PROOF co-founder shared the news with his…
” Wormhole hacker moves $155M in biggest shift of stolen funds in months “ The hacker behind the $321 million Wormhole bridge attack has shifted a large chunk of stolen funds, with transaction data showing that $155 million worth of Ether (ETH) was transferred to a decentralized exchange (DEX) on Jan 23. The Wormhole hack…
” NFT-delivered court orders an answer to blockchain-related litigation: Lawyers “ Non-fungible tokens (NFTs) are becoming an increasingly popular solution to serving defendants in blockchain-based crimes that would otherwise be unreachable, according to crypto lawyers. The last year has seen an increase in litigation delivered over NFTs in cases where those accused of blockchain crime…
” North Korea’s Lazarus Group masterminded $100M Harmony hack: FBI confirms “ The Federal Bureau of Investigation (FBI) has confirmed the Lazarus Group and APT38 as the culprits behind the $100 million Harmony Bridge Hack from June 2022. The North Korea-linked cyber group had long been suspected of being behind the attack but their involvement…
” Crypto tracker picks up trail of funds heisted from Harmony Bridge in June “ Crypto tracking platform MistTrack has followed funds taken in the Harmony bridge hack, publishing a list of 350 addresses associated with the attack. North Korea’s state-sponsored Lazarus Group is thought to be behind the hack. According to a Twitter thread posted on Jan….
” DeFi should complement TradFi, not attack it: Finance Redefined “ Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week. Following FTX’s demise, the DeFi space is up for a complete remodel as crypto users demand better security…
” Raydium exploiter moves $2.7M to crypto mixer Tornado Cash “ In an alert, blockchain security firm CertiK reported that the Raydium protocol exploiter had sent 1,774.5 Ether (ETH) to the mixer. The amount is worth around $2.7 million at the time of writing. While security teams from various exchanges continue to combat the efforts…