Uniswap’s BNB deployment should use multiple bridges, claims LIFI CEO
The LIFI executive proposed that a team of four researchers be appointed to study the idea of a multi-bridge approach. Go to Source Powered by WPeMatico
Cybersecurity
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North Korea Stole Record Amount of Crypto Assets in 2022, UN Report Unveils
The regime in North Korea has managed to steal more cryptocurrency last year than in previous years, according to a draft U.N. report. Despite the difference between quoted estimates, the authors conclude that 2022 was a record-breaking year for crypto theft, to be blamed on the hermit state. Cybercrime Groups Linked to North Korea Get … Read more
Scammers are targeting crypto users with new ‘zero value TransferFrom’ trick
The trick allows the attacker to confirm zero-value transactions from the victim’s wallet, hijacking the user’s transaction history. Go to Source Powered by WPeMatico
How to protect against crime in the metaverse
To protect against crime in the metaverse, take precautions, such as using secure passwords, and report suspected criminal activities to law enforcement. Go to Source Powered by WPeMatico
OpenSea serves as an example of why crypto security must improve
For cryptocurrency to achieve mass adoption, breaches that can be easily prevented — like the phishing attack that resulted in OpenSea losing $1.7 million — need to end. Go to Source Powered by WPeMatico
Wormhole wins second ‘temp check’ to become bridge for Uniswap governance
Wormhole got over 60% of the vote in the Uniswap DAO referendum, with LayerZero coming in second. Go to Source Powered by WPeMatico
LayerZero bridging protocol denies accusation of ‘critical vulnerabilities’
LayerZero is the protocol used by Stargate bridge, which has over $382 million locked in its smart contracts. Go to Source Powered by WPeMatico
Russians Offered Ready-made Crypto Exchange Accounts Amid Restrictions
Russian crypto traders have been looking to obtain unrestricted accounts for global exchanges as their access to such platforms is limited. Over the past year, the offering of such accounts on the dark web has increased significantly, cybersecurity experts told the Russian press. Supply of Crypto Exchange Accounts for Russian Users Doubles in a Year … Read more
Darknet Market Solaris Hacked by Competitor, Elliptic Reveals
A leading marketplace on the dark web, Solaris, has been hit by a rival, according to crypto analytics company Elliptic. The Russia-linked platform, which tried to occupy space vacated by the busted Hydra, is believed to have conquered up to a fifth of the illicit market before the hack. Solaris Allegedly Taken Over by Darknet … Read more
Ransomware Revenue Drops as Victims Pay Less Often, Chainalysis Reports
While the number of ransomware hits may not have decreased significantly, the revenue from such attacks has fallen sharply last year, according to Chainalysis. The blockchain forensics firm believes that to a large extent the trend can be attributed to more of the targeted organizations refusing to pay the perpetrators. Chainalysis Registers Significant Decline in … Read more
