Tag: crypto hacks

PeckShield’s Report: Blockchain Security Gains Ground, Recovers $674 Million in 2023

Blockchain security firms only recovered about $133 million in 2022, while in 2023, experts traced and recovered $674 million from more than 600...

Upbit Exchange suffers over 159k attacks in the first half of 2023

In 2021, Upbit Exchange accounted for more than 9% of the global trading volume, ranking among the top five regions trading Bitcoin. ...

Crypto Ponzi Scheme Airbit finally faces justice

In 2015, as the crypto industry gained recognition, Rodriguez, and Dos Santos founded Airbit Club in pretense of offering crypto trading services. ...

Mixin Network suffer a $200M hack drained from their mainnet assets

Mixin Network suffered a $200 million hack due to a third-party cloud service compromise, leading to asset suspension and an ongoing investigation The...

Decentralized exchange, Curve Finance loses $61 million to a crypto hack

In July 2023, this decentralized exchange experienced several crypto hacks, resulting in the loss of over $61 million in crypto coins. Michael Egorove...

Metaverse hacks that demand caution in 2023

In April, MetaPoint became the latest victim of a Metaverse hack, resulting in a $1 million loss. According to the 10th...

The perpetrator of OneCoin Pyramid Scheme resurfaces

The Direct Selling Association in Norway was the first to identify the true nature of this organization as a pyramid scheme. A plush...

Bankrupt crypto exchange platforms that intensified the 2022 crypto winter

The FDIC often ensures that if a bank falls, it can insure deposits allowing its users to access their funding. Unfortunately, bankrupt crypto...

Blockchain security core components: Tools to test the security of a blockchain

Security analysts pondered over this increase in insecurity, and then through diligent analysis, blockchain security was devised. Any form of cyber security...

Multiparty computation is key in the advancement of Web3

MPC is a kind of super authentication in that a user will authenticate to a network using several factors (e.g., biometrics, identity, password, etc.) without any nodes in the network understanding what they are verifying since authentication computation is part of MPC. This authentication will have identity management, healthcare, finance, government services, defence, and law enforcement applications. MPC facilitates system interoperability while simultaneously protecting people’s rights and providing them with control and visibility over their data and how it is utilised. MPC stands for the future.

MasterCard launches CryptoSecure, a new addition to blockchain security

Mastercard has introduced a new piece of secure crypto software that will assist banks in identifying and blocking transactions from fraudulent crypto exchanges ...

A vanity address vulnerability causes US$1 million worth of ETH hack

The hacker was able to transfer 732 ETH valued at $950000 Professionals believe that there is a link between this blockchain security breach...

Wintermute’s DeFi operations compromised after a US$160 million crypto hack

Wintermute debuted in 2017, with its main focus on digital asset markets and supported and served many blockchain-based projects as well as Over-The-Counter(OTC)...