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” Polygon CSO blames Web2 security gaps for recent spate of hacks “ Polygon Chief Security Officer Mudit Gupta has urged Web3 companies to hire traditional security experts to put an end to easily preventable hacks, arguing that perfect code and cryptography are not enough. Speaking to Cointelegraph, Gupta outlined that several of the recent…
” DeFi protocol token NFD crashes by 99% after a flash loan attack “ New Free DAO, a decentralized finance (DeFi) protocol, faced a series of flash loan attacks on Sept. 8, resulting in a reported loss of $1.25 million. The price of the native token has dropped by 99% in the wake of the…
” PwC Venezuela Twitter account hacked, attacker shills fake XRP giveaway “ An attacker gained access to PwC Venezuela’s Twitter account and has been actively posting cryptocurrency phishing links for the last 8 hours at the time of the writing. Considering that all the tweets posted by the hacker remain active, it is evident that…
” Elon Musk-crypto video played on S. Korean govt’s hacked YouTube channel “ A YouTube channel owned by the government of South Korea was reportedly hacked and renamed SpaceX Invest, following which the channel uploaded fabricated videos of Elon Musk discussing cryptocurrencies. On Sept 3, the South Korean government’s YouTube channel was momentarily hacked and…
” Binance identifies KyberSwap hack suspects, involves law enforcement “ Helping investigate a $265,000 hack on decentralized crypto exchange KyberSwap, crypto exchange Binance narrowed down two suspects that seem responsible for the attack. On Sept. 1, Kyber Network succumbed to a frontend exploit, allowing the attacker to make away with $265,000 worth of user funds…
” Hackers try to sell NFT of Belarusian leader’s supposed stolen passport “ A group of hacktivists called the Belarusian Cyber Partisans have been attempting to sell a nonfungible token (NFT) featuring the purported passport info of Belarus president Alexander Lukashenko. The Belarusian Cyber Partisans say the move is part of a grassroots fundraising campaign…
” Blockchain audits: The steps to ensure a network is secure “ The last few years have seen blockchain platforms becoming the centerpiece of many tech conversations across the globe. This is because the technology not only lies at the heart of almost all cryptocurrencies in existence today but also supports a range of independent…
” Hacker tries to exploit bridge protocol, fails miserably: 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. This past week, there were some major developments in the run-up to the upcoming Ethereum Merge slated…
” Hackers exploit zero day bug to steal from General Bytes Bitcoin ATMs “ Bitcoin ATM manufacturer General Bytes had its servers compromised via a zero-day attack on Aug. 18, which enabled the hackers to make themselves the default admins and modify settings so that all funds would be transferred to their wallet address. The…
” Can Web3 be hacked? Is the decentralized internet safer? “ Web3 came into existence posed as a blockchain-powered disruption to the current state of the internet. Yet, as a nascent technology, a fog of assumptions plagues discussions about the real capabilities of Web3 and its role in our day-to-day lives. Considering the promise of…