Immunefi, a security service outfit that specialized in decentralized finance (DeFi) projects, has inked a collaboration with the Binance Smart Chain. According to a release issued on Friday, Immunefi will work in collaboration with BSC to improve the security of projects on the Binance chain. As part of the partnership, ethical hackers who take part in a campaign to discover vulnerabilities in BSC-based projects will earn rewards. As a security outfit, Immunefi has reportedly paid more than $3 million in bug bounties to ethical hackers. Major BSC protocols such as PancakeSwap, DODO, and Zapper among others are already deploying the …
There has been a lot of talk about the recent “hacks” in the decentralized finance realm, particularly in the cases of Harvest FInance and Pickle Finance. That talk is more than necessary, considering hackers stole more than $100 million from DeFi projects in 2020, accounting for 50% of all hacks this year, according to a CipherTrace report. Related: Roundup of crypto hacks, exploits and heists in 2020 Some point out that the occurrences were merely exploits that shined a light on the vulnerabilities of the respective smart contracts. The thieves didn’t really break into anything, they just happened to casually …
EOS.io, the company responsible for the development of fourth-largest crypto by market cap EOS, has handed over bug bounties for five critical vulnerabilities this year. Public activity on breach disclosure platform HackerOne revealed the bounties. On Jan. 10, $40,750 was awarded to five white hat hackers on the platform by EOS.io, and the day after, another researcher received a $10,000 bounty. Five of those bounties are equivalent to $10,000 each, which is the highest possible payout reserved by the company only for the most critical vulnerabilities. The Tron Foundation, the company behind the cryptocurrency Tron, also awarded four bounties in …
2022 has been a lucrative year for hackers preying on the nascent Web3 and decentralized finance (DeFi) spaces, with more than $2 billion worth of cryptocurrency fleeced in several high-profile hacks to date. Cross-chain protocols have been particularly hard hit, with Axie Infinity’s $650 million Ronin Bridge hack accounting for a significant portion of stolen funds this year. The pillaging continued into the second half of 2022 as cross-chain platform Nomad saw $190 million drained from wallets. The Solana ecosystem was the next target, with hackers gaining access to private keys of some 8000 wallets that resulted in $5 million …
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! …