AT&T should’ve stored their data on the blockchain, exec argues
Chirp founder Tim Kravchunovsky argued that with the technology available today, the AT&T breach is “inexcusable.” Go to Source
Blockchain Security
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Crypto execs on DeFi domain hacks: Don’t interact with crypto for now
CoinGecko founder Bobby Ong explained that after Google sold its domain business to Squarespace, two-factor authentication was removed due to the forced migration of domains. Go to Source
CoinStats exploiter moves almost $1M to Tornado Cash
CoinStats said in a July 5 update that it’s still investigating the incident and is taking action to secure its new infrastructure. Go to Source
Multichain Foundation to pay $2.1M to Fantom for losses
The High Court of Singapore ordered Multichain to compensate the Fantom Foundation after a $210 million hack, awarding $2.18 million in damages. Go to Source
PancakeBunny hacker siphons $2.9M Ether in Tornado Cash
Three years after the PancakeBunny flash loan attack, the hacker moved $3 million in ETH through Tornado Cash. Go to Source
Crypto Theft Surge: Hackers Steal $1.38 Billion in First Half of 2024, Doubling 2023 Figures
A new report by blockchain intelligence firm TRM reveals that crypto thefts in the first half of 2024 have doubled compared to 2023, with $1.38 billion stolen by June 24. Major hacks constitute 70% of losses, with private key compromises and smart contract exploits as top attack vectors. Crypto projects are advised to adopt comprehensive … Read more
CertiK migrates blockchain applications to Alibaba Cloud
CertiK’s migration to Alibaba Cloud aims to enhance blockchain development security and resource efficiency in Asia. Go to Source
Crypto losses from hacks and scams soared by 113% in Q2 2024 to reach $572M
Losses from scams and exploits increased in the second quarter as centralized exchanges lost millions, reversing a previous downtrend. Go to Source
Binance enforces stricter measures against account misuse
The platform encourages users to report any suspected incidents of misuse and offers a reward for verified cases. Go to Source
Transak and Privado ID Announce Partnership to Enhance Decentralized KYC Procedures
Crypto payments gateway solution Transak has teamed up with Privado ID to launch a new “Reusable KYC” service aimed at improving the decentralized identity verification process. This collaboration introduces a novel method that promises to maintain user privacy without compromising on regulatory standards. Transak and Privado ID Team Up to Simplify KYC According to the … Read more
