23 Sep 2022

The ABCs of Cryptocurrency Security

Blockchain hacking is not impossible, but it’s really not easy. Have you ever heard that the Bitcoin blockchain was hacked and seriously lost its function, even temporarily? If that had happened, Bitcoin would have already been destroyed. Hacking a good blockchain is almost possible, but only in fiction. However, it

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22 Sep 2022

The impact of the Wintermute hack could have been worse than 3AC, Voyager and Celsius — Here is why

Most crypto investors probably never heard of Wintermute Trading before the Sept. 20 $160 million hack, but that does not reduce their significance within the cryptocurrency ecosystem. The London-based algorithmic trading and crypto lending firm also provides liquidity to some of the largest exchanges and blockchain projects. As a crypto-native trading

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21 Sep 2022

Are noncustodial crypto wallets a practical option for the everyday hodler?

As crypto ownership becomes more and more common, holders will need to think about how they protect and hold their assets. The safest option is storing cryptocurrency in a personal wallet. Crypto wallets are programs that allow users to store, send and receive cryptocurrency. Each wallet has a private key that

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21 Sep 2022

Arbitrum Rewards Hacker With 400 ETH For Detecting a Critical $400M Vulnerability

On September 19, Arbitrum, one of the most popular Layer 2 solutions for Ethereum, paid 400 ETH (about $560,000) to a white hat hacker who found a potential vulnerability in its code. The white hat hacker, known on Twitter as Riptide, finds vulnerabilities within smart contracts written in Solidity. Riptide said

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20 Sep 2022

Crypto Market Maker Wintermute Hacked for $160 Million

Algorithmic market maker service Wintermute suffered a security breach on Tuesday, with hackers making off with around $160 million across 90 assets within the platform’s portfolio. In a brief statement published on Twitter, Wintermute founder and CEO Evgeny Gaevoy stated that “we’ve been hacked for about $160M in our defi

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19 Sep 2022

Blockchain’s Future Lies in Reversible Transactions

Blockchain technology is terrific. We all know it well, especially those who have delved deeper into it. Transactions on the blockchain are incredibly secure, almost unbreakable, which we can not claim about traditional payment methods. But it’s not without its problems that need to be solved. One of the biggest

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19 Sep 2022

Profanity tool vulnerability drains $3.3M despite 1Inch warning

Decentralized exchange (DEX) aggregator 1inch Network issued a warning to crypto investors after identifying a vulnerability in Profanity, an Ethereum vanity address generating tool. Despite the proactive warning, apparently, hackers were able to make away with $3.3 million worth of cryptocurrencies. On Thursday, 1inch revealed the lack of safety in using

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15 Sep 2022

North Korea Stolen Approximately $1B of Cryptocurrency in 2022

The most worrisome trend in crypto crime is the startling increase in funds stolen from DeFi protocols, particularly the cross-chain bridges. A significant portion of the value stolen through Defi protocols can be traced back to malicious actors with ties to North Korea. Highly skilled hacking groups such as Lazarus

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12 Sep 2022

Ethereum Merge makes network more vulnerable to attack — Security expert

Despite the Ethereum Merge being touted as a major upgrade to the blockchain network, its transition to proof-of-stake theoretically makes it more vulnerable to exploit. Speaking to Cointelegraph, the security researcher explained that unlike proof-of-work (PoW) systems, a proof-of-stake (PoS) system informs node validators in advance what blocks they will validate,

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10 Sep 2022

Rethinking Responsible Disclosure for Cryptocurrency Security

The Biden administration has pointed, with alarm, to the national security implications of both cybersecurity and cryptocurrency. It’s just a matter of time before the government begins worrying about their intersection—cryptocurrency security. All of the United States’ international adversaries are in the business of exploiting bad cybersecurity, and many of

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