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“# DeFi hacks and exploits total $285M since 2019, Messari reports ” DeFi’s rising popularity since 2019 has seen the emerging market segment become a target for hackers and opportunistic profiteers. According to a report by crypto research company Messari, DeFi protocols have lost about $284.9 million to hacks and other exploit attacks since 2019….
“# Five proposed crypto class actions in NY over unregistered securities dismissed ” Five proposed class-action lawsuits against crypto firms have been voluntarily dismissed without prejudice in New York federal courts — without costs or attorney fees to any party. Quantstamp, Status Research, Civic Technologies, HDR Global Trading, and Kaydex are off the hook, however…
“# Uranium Finance developer suspected of ‘leaking’ information leading to $50M exploit ” The $50 million exploit of Uranium Finance, a DeFi protocol on the Binance Smart Chain, may have been an inside job, according to a member of the project’s development team. The theory was put forward on Uranium Finance’s Telegram channel by a…
“# EU regulators reportedly scrutinize Binance over securities law compliance ” Cryptocurrency exchange Binance’s latest product — digital stock tokens representing fractions of equity shares like Tesla and Coinbase — is reportedly being studied by European and British regulators over its possible non-compliance with securities laws. A new report from the Financial Times claims that…
“# Simple steps to safeguard your wallet from unlimited ERC-20 allowance risks ” Participating in the decentralized finance space often necessitates the need to grant projects certain permissions to spend tokens from one’s own wallet. These permissions — called ERC-20 allowances — help to simplify the smart contract interaction processes that allow users to send…
“# Cream Finance launches $1.5M bug bounty to improve DeFi security ” Decentralized lending protocol Cream Finance is backing another major effort to improve the security of decentralized finance. On Tuesday, Cream Finance announced a new security campaign in collaboration with several DeFi platforms like Immunefi, Armor and DeFiSafety to bring stronger security to its…
“# Smart contract exploits are more ethical than hacking… or not? ” There has been a lot of talk about the recent “hacks” in the decentralized finance realm, particularly in the cases of Harvest FInance and Pickle Finance. That talk is more than necessary, considering hackers stole more than $100 million from DeFi projects in…
“# Email server breach sees Celsians targeted by phishing attacks ” Crypto asset lending platform, Celsius Network, has revealed an email server breach that resulted in malicious phishing links being sent to customers. An April 15 announcement notes that some of Celsius’ customers have been receiving emails and SMS messages directing them to a malicious…
“# Experts debate whether NFTs really need blockchain ” At the BlockDown 2021 conference, EllioTrades, a crypto YouTuber and co-creator of the Superfarm NFT project, joined a debate about the value of nonfungible tokens, or NFTs, with Edmund Schuster, associate professor of law at the London School of Economics. By definition, NFTs are unique pieces…
“#Facebook spent $23.4M on security for Mark Zuckerberg in 2020” Facebook shelled out roughly $23.4 million in 2020 to protect its founder and CEO Mark Zuckerberg. The massive amount includes about $13.4 million for personal security for Zuckerberg, along with an additional annual $10 million pre-tax allowance for the protection of his family, according to…