From legal issues to hackers, launching a CBDC is fraught with risks, and BIS has a big list of them to consider.
Australian regulators will compel businesses to report cyberattacks: Report
This obligation won’t be backed by a fine if the company fails to comply, and businesses will still be permitted to pay ransoms, though this is discouraged.
China declares stealing digital collections like NFTs liable for criminal theft sentence
The Chinese government says theft of digital collections violates the protection law and interests of the crime of illegally obtaining computer information system data.
Can crypto Privacy Pools help balance privacy and regulation?
When it comes to privacy and regulation, could Vitalik Buterin’s Privacy Pools be the answer?
India trained 3,000 police officials on crypto investigations in 2022–2023
The Narcotics Control Bureau and the Indian Cyber Crime Coordination Centre trained 141 officials and over 2,800 officers in the financial year 2022–2023.
UK seeks six crypto investigators to beef up National Crime Agency
The role demands candidates to have the ability to provide strategic and tactical advice to crypto investigations, among other investigative qualities.
October sees a comparative lull in crypto crime with losses of $32.2M: CertiK
There is no clear downward trend in crypto crime, but a quiet month is undoubtedly more than welcome in the Web3 community.
AI can be used in ‘every single process’ of JPMorgan’s operations, says CEO
JPMorgan’s CEO Jamie Dimon pointed to trading, hedging, research and error detection as just some of the processes that can be streamlined by AI.
September becomes the biggest month for crypto exploits in 2023: CertiK
The Mixin Network cross-chain protocol accounted for almost two-thirds of the crypto exploit losses in September.
Quantstamp introduces tool to detect protocols’ flash loan attack vulnerability
The new service, called Economic Exploit Analysis, uses University of Toronto research and will work on any EVM-compatible blockchain.
Lessons of a $37M Attack: How a Ukrainian Payment Processor Was Hacked
CoinsPaid, a crypto payment processing company with Ukrainian roots, fell a victim to a social engineering attack, thought to have emanated from Lazarus, a North Korean hacking group.
Did Razzlekhan’s Husband Really Hack Bitfinex?
“Ilya is a f***ing idiot,” says former U.S. “Most Wanted” hacker Brett Johnson, who questions yesterday’s bombshell confession.
BlackBerry reveals top crypto-focused malware amid rising cyber threats
SmokeLoader, RaccoonStealer (also known as RecordBreaker) and Vidar top the charts, according to BlackBerry’s list.
Yield Protocol declares full recovery from Euler hack, awaits user token exchange
The permissionless, collateralized fixed-rate borrowing and lending market restored operations in May and will now switch out user tokens worth $1.5 million.
How security, education and regulation can mitigate rising crypto scams
Cybersecurity experts say the crypto industry is a target for bad actors because it is a new technology that is rapidly evolving and growing.
Meta’s Zuckerberg grilled by senators over ‘leak’ of LLaMA AI model
The senators weren’t happy with the “seemingly minimal” protections to fight against fraud and cybercrime in Meta’s AI model.
Pro-XRP attorney’s phone hacked to promote LAW token
Lawyer John Deaton alerted followers via his daughter’s account, urging people to report the hack as the XRP community responded, spreading awareness.
Arbitrum-based Jimbos Protocol hacked, losing $7.5M in Ether
The attacker used the lack of slippage control over tokens to steal the funds.
FBI, Ukraine seize 9 exchange domains on money laundering allegations
The authorities claimed the exchanges allowed cybercriminals to flout anti-money laundering measures.
Hundred Finance loses $7 million in Optimism hack
The attacker reportedly manipulated the exchange rate between ERC-20 tokens and hTOKENS to steal over $7 million from the protocol.