Crypto exploits near $1.4B this year as hackers target CeFi — report
According to data from cybersecurity firm Cyvers, stolen funds on centralized exchanges increased 900% year over year in the second quarter. Go to Source
Cybersecurity
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Cybersecurity Breach at Evolve Bank
Evolve Bank & Trust has recently confirmed a cybersecurity incident. The cybercrime group Lockbit 3.0 reportedly released customers’ personal identification data on the dark web. The bank, known for its fintech partnerships and facilitation of customer accounts for firms with significant crypto user bases, is now under scrutiny. The incident has raised concerns about the … Read more
Kraken recovers $3 million from CertiK, ending bug bounty saga
Certik has returned the funds to Kraken exchange, putting a happy end to the bug bounty-related saga. Go to Source
Kraken-CertiK saga turns murky as part of exploited funds go ‘missing’
Kraken is planning to take legal action against security firm CertiK as the “white hat” operation by security firm turns into a legal blunder. Go to Source
BIS inaugurates Toronto Innovation Centre with Bank of Canada
Bank of Canada Governor Tiff Macklem said that as finance evolves, the industry must innovate and apply new skills, allowing Canadians to benefit from advancements. Go to Source
Crypto hacks soar to $19B in 13 years: Crystal Intelligence
Nearly $19 billion worth of digital assets have been lost to exploits in the past 13 years, with $2.9 billion stolen during the largest single crypto theft during the 2019 Plus Token fraud. Go to Source
Singapore alerts businesses to Bitcoin ransomware risk
Singapore police advised businesses against paying ransom to the bad actors in case of a compromise and asked them to report the incident to authorities immediately. Go to Source
AI-driven crypto crime is only just beginning — Elliptic report
Elliptic’s 2024 report exposes how AI is increasingly used for sophisticated crypto crimes, from deepfake scams to state-sponsored cyberattacks, signaling that these threats are just beginning. Go to Source
Avalanche Core wallet gets Blockaid security integration
The security integration uses Blockaid’s threats database to screen for increasingly sophisticated phishing scams and exploits impacting Web3 users. Go to Source
US Navy launches ‘PARANOID’ blockchain security tech to private sector
The government seeks a collaboration to research and develop the technology further. Go to Source
