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” Illicit crypto usage as a percent of total usage has fallen: Report “ Illicit cryptocurrency activity in 2021 and the first quarter of 2022 has declined as a percentage of overall crypto activity, according to blockchain forensics firm CipherTrace. The cryptocurrency industry has long held a reputation in some jurisdictions as a haven for…
” Anonymous hacker served with restraining order via NFT “ Law firms Holland & Knight and Bluestone have served a defendant in a hacking case with a temporary restraining order through a nonfungible token, marking the first known legal process to be facilitated by an NFT. The so-called “service token” or “service NFT” was served…
” Crypto privacy is in greater jeopardy than ever before — here’s why “ Despite the latest technology, the world has yet to crack the code for privacy and security online. But that isn’t the only big problem we need to worry about. Hackers and robbers are tricking innocent users into giving up their private…
” Aurora pays $6M bug bounty to ethical security hacker through Immunefi “ On Tuesday, Ethereum (ETH) bridging and scaling solution Aurora announced it had paid out a $6 million bounty to ethical security hacker pwning.eth, who discovered a critical vulnerability in the Aurora Engine. The exploit allegedly placed over $200 million worth of capital…
” Maiar decentralized crypto exchange goes offline after bug discovery “ The Maiar Exchange, a decentralized exchange (DEX) native to the Elrond blockchain, has been temporarily taken offline after an attacker utilized an exploit and made off with roughly $113 million worth of Elrond eGold (EGLD). Minutes before 12:00 am UTC on Monday, the co-founder…
” IRA Financial Trust to sue Gemini over $36M crypto assets exploit back in February “ On Monday, IRA Financial Trust, a platform providing self-directed digital asset retirement and pension accounts, filed a lawsuit against cryptocurrency exchange Gemini for alleged negligence in safeguarding customers’ digital assets during a critical exploit. The firm’s client accounts were…
” Yuga Labs’ BAYC, OtherSide Discord groups breached, over 145 ETH stolen “ Yuga Labs, the creator of two of the most popular ape-themed nonfungible token (NFT) offerings — Bored Ape Yacht Club (BAYC) and OtherSide — witnessed yet another orchestrated phishing attack with investors losing over 145 Ether (ETH) or nearly $260,000 at the…
” DeFi isn’t dead, it just needs to fix these 3 critical problems “ The persistent challenges decentralized finance face have been well documented by a handful of analysts and the recent collapse of the Terra ecosystem re-enforced the fact that something is critically wrong with DeFi. I think DeFi today is completely broken for 99% of…
” Is there a secure future for cross-chain bridges? “ The plane touches down and comes to a halt. Heading to passport control, one of the passengers stops at a vending machine to buy a bottle of soda — but the device is absolutely indifferent to all of their credit cards, cash, coins and everything…
” Targeted phishing scam nets $438K in crypto and NFTs from hacked Beeple account “ Digital artist and popular non-fungible token (NFT) creator Mike Winkelmann, more commonly known as Beeple, had his Twitter account hacked on Sunday, May 22 as part of a phishing scam. Harry Denley, a Security Analyst at MetaMask, alerted users that…