The security platform released a report categorizing Web3 exploits in 2022, concluding that nearly half came from “infrastructure” or centralized elements. A new report from blockchain security platform Immunefi suggests that nearly half of all crypto lost from Web3 exploits is due to Web2 security issues such as leaked private keys. The report, released on…
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Four security incidents took place on Coinbase’s layer-2 solution Base shortly after its launch. A total of $15.8 million in cryptocurrencies were lost to hacks or exploits in the month of August. According to an Aug. 31 report by blockchain security firm Immunfi, a combined $23.4 million in crypto was lost to a combination of…
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While most surveyed whitehats used ChatGPT in Web3 security and found it has potential, they’ve noted concerns around its ability to identify security vulnerabilities, according to a report by the bug bounty and security services platform Immunefi. OpenAI released its artificial intelligence chatbot ChatGPT in November 2022. Within two months, it reached 100 million users…
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Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________… Read More: Today in Crypto: BNB Chain Was the Most Targeted Chain in Q2 with 36 Incidents, Crypto Scammers Posing as Canadian Police Officers, Bill to Exempt Foreigners in Israel from Crypto Taxes…
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LayerZero Labs, the development firm behind cross-chain messaging platform LayerZero, has announced a record-high $15 million bug bounty in partnership with the crypto-focused bug bounty platform Immunefi. The huge bug bounty will be paid out to so-called white hat hackers who can identify vulnerabilities in the LayerZero protocol, TechCrunch reported on Wednesday…. Read More: LayerZero…
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Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________… Read More: Today in Crypto: $437,483,543 Lost to Crypto Hacks & Frauds in Q1, Italian Man Swindled Out of $1.8M, Metaco Partners with VP Bank Read more »Sign up for e-EUR – the…
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Immunefi’s largest bug bounty to date aims to help MakerDAO pinpoint potential vulnerabilities in its smart contracts and apps to prevent monetary losses. MakerDAO has announced that it will begin offering a maximum of $10 million bounty to white hat hackers and cybersecurity specialists who point out legitimate security threats in its smart contracts. Maker’s…
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DYdX volume tops Coinbase for the day, Cardano enables a new stablecoin, and a DeFi bounty hunter is highly rewarded — all coming to you this week in Finance Redefined. Welcome to the latest edition of Cointelegraph’s decentralized finance (DeFi) newsletter. DYdX surpassed Coinbase in daily trading volume for the first time this week. Read…
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Cointelegraph spoke to the hacker for insights on the timeline of events, as well as the wider implications of bounty programs on DeFi’s security landscape. Belt Finance, an automated market maker (AMM) protocol operating a yield optimization strategy on Binance Smart Chain (BSC), claims to have paid the largest bounty in the history of decentralized…
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