Cardano Foundation X account hacked, scam links posted, then removed
The Cardano Foundation joins a long list of entities falling victim to X account hacks, including the Securities and Exchange Commission. Go to Source
Cybersecurity
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Crypto phishing scams to rise during holiday shopping season — Cyvers
Losses to crypto phishing scams fell 53% in November, but the Christmas holiday shopping season presents new opportunities for hackers. Go to Source
Spectral Labs identifies Syntax vulnerability, pauses contracts
According to Immunefi, year-to-date losses from crypto hacks, exploits, and scams have topped $1.4 billion as of November 2024. Go to Source
North Korean hackers expand social engineering operation to IT firms: Report
The government of North Korea (DPRK) has reportedly employed various hacking groups, most notably the Lazarus Group, to seal crypto in recent years. Go to Source
Backpack Wallet, Blockaid prevent $26.6M loss from DeFi attacks on Solana
Blockaid scanned over 180 million transactions of Backpack’s users between June and September, detecting more than 71,000 malicious activities on the Solana network. Go to Source
North Korean hacker BlueNoroff targets crypto firms with new malware
According to cybersecurity firm Recorded Future, North Korean hacker groups have stolen approximately $3 billion in funds since 2017. Go to Source
WazirX plans on launching a decentralized exchange
WazirX founder Nischal Shetty also announced the upcoming introduction of staking services to the centralized cryptocurrency exchange. Go to Source
Meta opens Llama AI model up to US military
Meta said sharing open-sourcing AI tech within the US and to its allies will play a role in helping it preserve their “technological edge” over China and other competitors. Go to Source
FINRA Warns Member Firms of Metaverse Adoption Challenges
The Financial Industry Regulatory Authority has released a report highlighting the potential benefits and risks of the metaverse for the securities industry. The report emphasizes the importance of addressing challenges identified to ensure the responsible and ethical development of metaverse applications. Firms Must Weigh Challenges in Metaverse Adoption While the metaverse is said to provide … Read more
Bitfinex wallet hacker returns most of the $20 million back to US gov
According to security firm CertiK, crypto losses in Q3 2024 are up 9.5%, with more than $750 million in total funds stolen by threat actors. Go to Source
