Justine Bone, a cybersecurity firebrand whose research led to recalls of half a million faulty pacemakers, leads the new information-sharing and analysis center for crypto firms.
Your Crypto Project Needs a Sheriff, Not a Bounty Hunter
Avi Eisenberg’s centi-million dollar exploit of the decentralized Mango Markets trading platform revealed the perverse incentives of bug bounties.
The Munchables Hack Is Way Worse Than It Seems
Apparently orchestrated from North Korea, the $63 million hack adds grist to the argument that crypto exploits pose a plausible national security risk.
Bitcoin Bridge OrdiZK Suffers Apparent $1.4M Rug Pull, Token Crashes to Zero: CertiK
OrdiZK, a project that set out to become a bridge between the Bitcoin, Ethereum and Solana blockchains, appears to have pulled an exit scam, according to blockchain security firm CertiK.
Fantom Seeks Money Back From Multichain’s $200M Exploit
The move aims to enable victims to “partially recover” assets lost in one of the biggest exploits of 2023.
Binance Freezes $4.2M in XRP Tokens Stolen From Ripple Executive’s Wallet
Over $120 million in XRP was stolen from Ripple Labs Executive Chairman Chris Larsen earlier this week.
Orbit Chain Loses $81M in Cross-Chain Bridge Exploit
Orbit Chain, a platform that interacts and transacts with various blockchains, has lost $81 million after hackers exploited the platform’s cross-chain bridge.
Crypto Users Lost $2B to Hacks, Scams and Exploits in 2023, De.Fi Says
The figure is roughly half the estimated $4.2 billion of 2022, a year that also included $40 billion lost through the collapse of Terra, Celsius and FTX.
DeFi Has a Risk Problem and It’s Time to Solve It
Code Is Not (Always) Law
Sometimes, the law is the law, industry experts say.
November most ‘damaging’ month in 2023 as thieves pilfer $363M in crypto
The Poloniex, HTX/Heco Bridge exploits and the KyberSwap flash loan attack were the three largest incidents in November, according to blockchain security firm CertiK.
KPMG Canada Teams Up With Chainalysis to Fight Crypto Frauds and Exploits
The duo will help companies adhere to crypto regulations and advance anti-money laundering compliance programs.
46% of crypto lost from exploits is due to traditional Web2 flaws — Immunefi
The security platform released a report categorizing Web3 exploits in 2022, concluding that nearly half came from “infrastructure” or centralized elements.
What Are the Tax Implications of the Alleged Binance Wallet Hack (or Any Crypto Exploit)?
Poloniex Hot Wallets Hacked With $114M Seemingly Stolen: On-Chain Data
Cryptocurrency exchange Poloniex has had its hot wallets drained by hackers with an estimated loss of around $60 million.
Web3 Security Firm Blockaid Raises $27M to Help Tackle Industry’s ‘Never-Ending’ Challenges
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.
Crypto suffered 153% YoY increase in hacks and scams in Q3: Immunefi
The number of attack incidents increased to 76 in Q3 2023, compared to just 30 in the same quarter last year.
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.
DraftKings’ Billionaire-Backed Crypto Analytics Firm CoinScan Raises $6.3M
The company is backed by Shalom Meckenzie, the largest individual shareholder in sports betting company DraftKings.
Coinbase Inadvertently Earned $1M Due to Hack, but Hasn’t Reimbursed Victims
Coinbase received 570 ETH, the second-largest payout tied to MEV in Ethereum’s history, to process transactions related to the Curve exploit.