SEC will not pursue enforcement action against Paxos
The stablecoin issuer received an SEC Wells notice in February 2023 warning of a potential lawsuit over Binance USD as an unregistered security. Go to Source
Security
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TON ecosystem scams on the rise: How to stay safe
As the TON blockchain is open-source and permissionless, individual users and projects must be careful to ensure their own safety. Go to Source
Nigeria Considers Domestic Blockchain for Data Security
A Nigerian information technology agency is considering plans to develop a domestic blockchain to enhance national security and protect citizens’ data. A proponent of a locally developed blockchain argues that such a protocol would likely ensure compliance with Nigerian laws and allow the country greater control over its data. Domestic Blockchain Seen as Boosting Government … Read more
ChatGPT users on macOS shocked to learn chats were stored unencrypted
The problem has since been resolved, but it begs the question of how such an oversight happened in the first place. Go to Source
Opentensor Foundation Addresses Bittensor Security Breach
The Opentensor Foundation, the development team behind the Bittensor chain, has tackled a recent security breach affecting the network, impacting several community members. The foundation insisted that prompt actions were implemented to mitigate the attack and prevent future incidents. Malicious Package on PyPi Triggers Security Breach on Bittensor Chain On July 2, at 7:41 p.m. … Read more
Study: Crypto Assets Worth $572.7 Million Lost to Hacks and Fraud in Q2 2024
Digital assets worth over $572.7 million were lost to hacks and fraud in the second quarter of 2024. This latest figure brings the value of digital assets lost to hacks, fraud, and scams in 2024 to $920.9 million. Decentralized finance (defi) platforms lost approximately $172.1 million across 63 incidents. This figure is 25% lower than … Read more
AI ‘Skeleton Key’ attack found by Microsoft could expose personal, financial data
Aside from being wary about which AI services you use, there are other steps organizations can take to protect against having data exposed. Go to Source
2024 Crypto Losses Attributable to Deepfakes Projected to Exceed $25 Billion
Losses attributed to crypto crimes involving the use of deepfakes are projected to surpass $25 billion in 2024. According to the latest Bitget research study, these losses are expected to continue rising if no regulatory intervention is introduced to curb this type of fraud. Educating users and implementing comprehensive legal and cybersecurity frameworks globally are … Read more
North Korea’s Lazarus Group Exploited Defi Protocol Alex Lab for $4.3 Million, Probe Reveals
Bitcoin layer-two developer Alex Lab revealed that an investigation linked the North Korea-linked Lazarus Group to the $4.3 million exploit that occurred on May 16. Alex Lab has facilitated communication between the Singapore Police Force and relevant cryptocurrency exchanges as part of the ongoing investigation. Alex Lab Collaborates With Law Enforcement in $4.3M Hack Investigation … Read more
Crypto Portfolio Tracker Coinstats Confirms Security Breach; Temporarily Shuts Down App
According to the crypto portfolio tracking app, Coinstats, suspected North Korea-linked hackers are believed to be behind the security breach on June 22, which impacted 1,590 user wallets, The Coinstats team has advised users with affected wallet addresses to immediately transfer their funds using their exported private keys. Coinstats App Shut Down Coinstats, the crypto … Read more
