Reducing the amount of hacking by improving cybersecurity should be considered a top priority for the crypto industry, said Kim Grauer, director of research of blockchain intelligence firm Chainalysis. As pointed out by the firm, this year could outpace 2021 in terms of crypto stolen through hacks. The vast majority of these exploits have been targeting the field of decentralized finance. “This can't go on in the industry because people are going to lose faith in investing in DeFi platforms”, Grauer said in an interview with Cointelegraph. Unlike centralized exchanges, which have improved their resiliency to crypto hacks, decentralized protocols …
Recently, gas has been a hot topic in the news. In the crypto media, it’s been about Ethereum miner’s fees. In the mainstream media, it’s been about good old-fashioned gasoline, including a short-term lack thereof along the East Coast, thanks to an alleged DarkSide ransomware attack on the Colonial Pipeline system, which provides 45% of the East Coast’s supply of diesel, gasoline and jet fuel. In cases of ransomware, we generally see a typical cycle repeat: Initially, the focus is on the attack, the root cause, the fallout and steps organizations can take to avoid attacks in the future. Then, …
In the latest step towards full recovery after a devastating hack in September, Crypto exchange KuCoin announced today in a blog post that it has “restored the deposit and withdrawal services of all tokens.” The announcement follows a partial reopening that took place in October where users could move their BTC, ETH, and USDT off the exchange. This latest step opens withdrawals and deposits to all coins and tokens, though certain tokens may have withdrawal limits due to what the exchange called “ongoing judicial proceedings.” The re-opening is a promising step towards normalcy after a crippling hack on Sept. 26. …
Private transactions cryptocurrency PIVX and over 200 other blockchains are vulnerable to attackers obtaining disproportionately high staking rewards. A major staking vulnerability Cryptocurrency consulting firm Lunar Digital Assets claimed in a post published on its website on Aug. 12 that a staking vulnerability is being used across PIVX and its forks. The weakness reportedly allows the attacker to obtain mathematically impossible staking rewards on vulnerable proof-of-stake (PoS) chains. According to the post’s author, the PIVX development team claimed to have solved the issue in January. Nonetheless, a core developer of PoS altcoin BitGreen (BITG) noticed that the vulnerability in question …
A newly upgraded version of a banking and crypto app targeting malware has recently resurfaced on the Google Play store, now with the capability to steal cookies from account logins and bypass fingerprint or authentication requirements. A warning about the new version of the malware was shared by malware analyst Alberto Segura and treat intelligence analyst Mike Stokkel on Twitter accounts on Sept. 2, sharing their co-authored article on Fox IT’s blog. We discovered a new version of #SharkbotDropper in Google Play used to download and install #Sharkbot! The found droppers were used in a campaign targeting UK and IT! …