The crypto sector continues to face an alarming wave of cyberattacks, with a recent breach involving the Bedrock protocol adding to the growing list of DeFi exploits. Ten hours ago, Cyvers Alert, a digital asset monitoring platform, flagged a suspicious transaction linked to Bedrock, a DeFi multi-asset liquid restaking protocol.
In September 2024, the cryptocurrency industry faced significant security breaches, resulting in losses exceeding $120 million. Various attacks targeted centralized exchanges and DeFi platforms, raising alarms about security measures in the industry. PeckShield, a blockchain security company, reported that multiple exchanges suffered during this wave of hacks. Notably, the BingX
In the past 24 hours, the global crypto market has seen a 0.95% decrease, bringing the total market capitalization to $2.25 trillion. However, the market’s trading volume surged by 31.83%, reaching $81.14 billion. The total volume in DeFi currently stands at $4.6 billion, accounting for 5.67% of the total crypto
Tornado Cash co-founder Roman Storm will stand trial after a U.S. federal judge denied his motion to dismiss the case. On September 26, 2024, Judge Katherine Polk Failla ruled that Storm’s involvement in Tornado Cash extended beyond merely developing software. The platform reportedly laundered over $1 billion, with funds linked
On Monday, Sam Altman’s OpenAI X account was hacked in an attempt to deceive users with a fraudulent cryptocurrency scheme. Hackers posted a message promoting a fake blockchain token, $OPENAI, luring unsuspecting users to a phishing site that aimed to steal their crypto wallet credentials. The hack targeted OpenAI’s official
The Bank for International Settlements (BIS) recently highlighted the complexities and risks banks face when engaging with permissionless blockchains in its latest working paper, published on August 28. The report from the Basel Committee on Banking Supervision outlines several concerns tied to these decentralized systems. One key issue is the
Decentralized finance (DeFi) crypto exchange dYdX restored its version 3.0 website after a DNS hijacking attempt on July 23. The team restored the website three hours after announcing the compromise. https://t.co/Ym1dFLLOwx website has been recovered by dYdX Trading Inc. 🙏 Please note that your machine may still be caching the
In order to further its proprietary “PARANOID” blockchain technology, the US Navy is looking for commercial sector partners to form a cooperative research and development agreement (CRADA). A blockchain-based system called PARANOID (Powerful Authentication Regime Applicable to Naval Operational Flight Program Integrated Development) provides software security throughout development and deployment
AIEMP, an unprecedented project designed to thrive, govern, and protect the role of artificial intelligence (AI) in society, has announced its launch. Advancements in technology have brought benefits to humanity, as well as new challenges— monitoring them to prevent threats to human life. AIEMP’s mission is to efficiently mitigate these
Today we are pleased to share important news from the world of crypto trading. An important event is underway – Eledator has successfully completed an audit by top crypto auditors. This stage in the platform’s development represents an important step in ensuring security and reliability of the service. Let’s take
