Eclipse attacks are a sort of cyberattack in which an attacker creates a fake environment around a single node or user, allowing the attacker to manipulate the node into doing a malicious action. What can blockchain developers learn from eclipse attacks? Developers can familiarize themselves with the vulnerabilities in Bitcoin nodes that can be exploited…
Read more
American Express’ Amex Ventures, Visa, Citi Ventures, DRW Venture Capital, Jump Capital, Marshall Wace, Block (formerly Square Inc.), and Paypal Ventures are among investors in the latest funding round of crypto transaction monitoring and forensics platform TRM. Amex, Visa, Citi, Paypal Invest in TRM Platform Crypto transaction monitoring and forensics platform TRM announced Tuesday investments…
Read more
Over the weekend, hackers made away with nearly $200 million in 20 different tokens. Following a near $200 million hack on the BitMart exchange, the Shiba Inu (SHIB) community and crypto exchange Huobi Global aim to help the exchange strengthen security and track inflows of stolen assets. On Dec. 5, crypto exchange BitMart became victim…
Read more
As cryptocurrency markets and DeFi become more lucrative, blockchain companies have recognized a growing need for security. Global blockchain security firm CertiK has concluded an $80 million investment round backed by some of crypto’s biggest venture funds, putting the company on track to reach the lofty $1 billion valuation mark in the foreseeable future. The…
Read more
Decentralized finance is exploding. Its security is not. Here’s how to prevent millions more lost in DeFi. Creating a cryptocurrency from scratch isn’t easy. It requires extensive knowledge of various programming languages and knowledge of blockchain use cases, among other things. Instead of going through that effort, those newer to the crypto space wanting to…
Read more
3.1 million email addresses linked to CoinMarketCap accounts were reportedly being traded on hacking forums, according to Have I Been Pwned. CoinMarketCap, a price-tracking website for cryptocurrencies, has reportedly fallen victim to a hack that leaked 3.1 million (3,117,548) user email addresses. The information came into light after the hacked email addresses were found to…
Read more
An arbitrage bot managed to turn 14 ETH to 218.5 ETH simply by spamming the Polygon network for 120 days. The growth of layer-two protocols has been one of the major stories of 2021 as the rising popularity of decentralized finance (DeFi) and nonfungible tokens (NFT) have driven transaction costs higher on the Ethereum (ETH)…
Read more
Hardware wallet brands have been built on the promise of security — but in some cases, these devices aren’t as air gapped as you might think. Are there use cases beyond crypto? The issues facing hardware wallets are not exclusive to the crypto sector by any means. Across multiple sectors around the world, there are…
Read more
Hackers run wild, but DeFi marches on; all covered in this weeks Finance Redefined. Welcome to the latest iteration of Cointelegraph’s DeFi newsletter. Just as quickly as the summer departed from our calendars, millions of funds were hacked from the wallets of Cream Finance. This has been another jam-packed week in the decentralized finance, or…
Read more
Cream Finance has identified the AMP integration error that caused a nearly $19 million loss for the protocol and aims to pay users back. Decentralized finance (DeFi) protocol Cream Finance will pay back its users following a $18.8 million flash loan hack that occurred on Aug. 30. Cream has published a post-mortem to the AMP…
Read more
