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” LayerZero bridging protocol denies accusation of ‘critical vulnerabilities’ “ Summa founder James Prestwich has accused the $382 million LayerZero bridging protocol of hosting a “critical vulnerability.” According to a Jan. 30 post by Prestwich, this vulnerability “could result in theft of all user funds.” LayerZero CEO Bryan Pellegrino has called Prestwich’s accusation “absolutely shocking”…
” SEC settles on security claim in LBRY case, community calls it a big win for crypto “ The United States Securities and Exchange Commission (SEC) admitted on record that the sale of LBRY tokens in the secondary market doesn’t constitute a security. The settlement came during an appeal hearing in the LBRY vs. SEC…
” 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,…
” Philippines securities regulator seeks more authority to police the crypto industry “ The Philippines Securities and Exchange Commission (SEC) is seeking to bring cryptocurrencies under its scope and beef up its authority over the local cryptocurrency industry under new draft rules. According to a Jan. 25 report in local media outlet, the Manila Bulletin,…
” Monkey Drainer-linked scammers possibly exposed after an on-chain quarrel “ Blockchain security firm CertiK believes to have found the real identity of at least one scammer allegedly linked tothe “Monkey Drainer” phishing scam. Monkey Drainer is the pseudonym for a phishing scammer(s) that uses smart contracts to steal NFTs through a process known as “ice phishing.” …
” Polkadot restates its case that DOT has ‘morphed’ away from security status “ The Web3 Foundation, which supports the Polkadot protocol, has again presented its argument that its native DOT (DOT) token is not a security. In a Twitter thread, the foundation emphasized its efforts to comply with U.S. securities laws, as well as…
” SEC leaked crypto miners’ personal information during investigation: Report “ The United States Securities and Exchange Commission, or SEC, has reportedly leaked the names and email addresses of many crypto miners connected to blockchain firm Green. According to a Jan. 17 report from the Washington Examiner, the SEC unintentionally included 650 names and email…
” Initial approval given for Voyager and Binance.US deal amid national security probe “ Bankrupt crypto lender Voyager Digital received initial court approval for its proposal to sell its assets to Binance.US for $1.02 billion amid a national security probe Voyager is seeking to speed up. On Jan. 10, United States Bankruptcy Judge Michael Wiles…
” Crypto exchanges need to start giving customers their keys “ The business model that cryptocurrency exchanges currently use relies on ignorance and fear. It relies on their customers not knowing much about decentralized finance (DeFi) and their fear of what could happen if they get things wrong with their crypto investments. Cryptocurrencies seem like…
“How to Prevent Cyber Attacks and Keep Your Business Safe” It has never been more important to prevent cyber attacks. Every company relies on the internet at some point in their business model, so it is vital to protect your technology. We’ll explain the best simple security measures that will help you prevent cyber attacks…