The New York and Tel Aviv-based company said it would use the funding to scale its product, customer base and team to address the industry’s security challenges.
Bridge Exploits Cost $2B in 2022, Here’s How They Could Have Been Averted
The bridges that are essential to our multi-chain cryptoverse are vulnerable to hacks. But an analysis of some of the biggest exploits of the past year reveals that applying multiple security measures in combination could have blocked the attacks, writes Gnosis co-founder Martin Koppelmann.
Ethereum MEV Bot Gets Attacked for $20M as Validator Strikes Back
One of the major Ethereum MEV (maximal extractable value) bots has been targeted in an attack, allegedly by an Ethereum validator.
USP Stablecoin Loses Dollar Peg as DeFi Protocol Platypus Suffers $8.5M Attack
The flash loan attack caused Platypus Finance’s native stablecoin to fall to 48 cents from $1. The potential loss is $8.5 million, according to blockchain security firm CertiK.
Crypto exploit losses in January see nearly 93% year-on-year decline
Around $8.8 million was lost to crypto exploits in January, a massive decline from the figures this time last year.
Aussie cyber spies to control critical infrastructure during ransomware attacks
The new bill, if passed, will allow cyber warfare operatives to take over control of critical infrastructure under attack.
Latest Bitcoin Core Code Release Protects Against Nation-State Attacks
Bitcoin Core released a new software update Wednesday. Notably, it includes experimental software to hedge against attacks from nation-states and ISPs.
Weekend Attack Drains Decentralized Protocol dForce of $25M in Crypto
dForce appears to have lost control of $25 million in bitcoin and ether held in its decentralized lending protocol.
Draper-Backed Exchange in Lockdown Following ‘Sophisticated’ Attack
Coinhako has restricted user accounts since last Friday following an “attack,” but has not released many details around the incident.
Kraken: $75 Device Will Get You Into Crypto Hardware Wallet KeepKey
Kraken Security Labs said crypto hardware wallet KeepKey is not doing enough to protect customers from physical attacks, saying it was able to get into the system using a $75 device.