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“# ‘Centralization issues’ are the biggest culprits of DeFi attacks: CertiK ” Decentralized finance, better known as DeFi, may not be “decentralized” enough as attackers exploited centralized weak points to drain users of billions of dollars in 2021, according to research from blockchain security firm CertiK. In a new report on the state of DeFi…
“# ImmuneFi report $10B in DeFi hacks and losses across 2021 ” Decentralized finance, or DeFi, security platform and bug bounty service ImmuneFi published an official report on Thursday which calculated the total volume of losses in the cryptocurrency markets in 2021. According to its report, the company found that losses resulting from hacks, scams…
“# Nifty News: Rarible fixes bug, real home and virtual twin auction, Mega City in The Sandbox ” NFT marketplace Rarible temporarily cancelled orders from OpenSea and sent a series of tweets today outlining how it plans to help combat what it called “risky sale orders” on OpenSea with a new order management tool. The…
“#Letters to the Editor — Jan. 1, 2021” The Issue: Incoming city Comptroller Brad Lander taking an NYPD security detail. As of Dec. 26, The Bronx has endured a 35 percent increase in murder, an 11 percent increase in rape, a 14 percent increase in robberies, a 6 percent increase in felony assaults, 13 percent…
“# OpenSea freezes $2.2M of stolen Bored Apes ” NFT marketplace OpenSea has frozen 16 Bored Ape and Mutant Ape nonfungible tokens (NFT) after they were reportedly stolen yesterday from a New York art gallery operator. In total, one Clonex, seven Mutant Ape Yacht Club, and eight Bored Ape Yacht Club NFTs currently valued at…
“#Hy-Vee unveils armed ‘retail security team’ amid theft surge” Customers at the Midwest grocery chain Hy-Vee will soon encounter armed security guards while shopping at stores in light of the recent surge in retail thefts. The Iowa-based retailer unveiled plans Wednesday for the launch of a retail security team to operate at stores across eight…
“# What is a honeypot crypto scam and how to spot it? ” What is a crypto honeypot and why is it used? Smart contracts programs across a decentralized network of nodes can be executed on modern blockchains like Ethereum. Smart contracts are becoming more popular and valuable, making them a more appealing target for…
“# Indian trade group recommends ‘special class security’ status for crypto ” The Confederation of Indian Industries (CII), a non-government trade association and advocacy group, has proposed to treat cryptocurrencies as securities of a special class. The trade association released a report titled “Cryptocurrencies, Crypto Tokens/Assets & Regulations: The Way Forward” where it advocates for…
“# Finance Redefined: Two DeFi hacks top $120M, and $500M Algo Fund launches, Nov. 26–Dec. 3 ” Welcome to the latest edition of Cointelegraph’s decentralized finance newsletter. A week packed with positive advancements in the DeFi space including nine-figure fund raises, successful product launches and soaring token prices was somewhat tarnished by the news of…
“# Crypto lending firm Celsius reportedly affected in BadgerDAO exploit ” Cryptocurrency lending platform Celsius has reportedly lost over $50 million in the exploit of decentralized finance (DeFi) protocol BadgerDAO. As reported by Cointelegraph on Dec. 2, the attack targeted the protocol on the Ethereum network, reaping an unconfirmed $120 million in assets. According to…