A class action lawsuit has been filed against Solana Labs, a for-profit company working on the development of the Solana blockchain, in a California federal court last week accusing the company and …
How to Secure NFT Assets
If there’s any term that can describe the current NFT market, it’s the Wild West. Because the NFT space is still experimental and regulations are unclear or lax, it has attracted a flood of hackers …
Chinese Tech Giants Alibaba, Tencent to Require ID Checks for NFT Purchases
Tencent, Ant Group, Baidu, JD.com, and several other leading Chinese tech companies last week issued a “self-disciplined development proposal” for the “digital collectible industry” that would …
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Multisigs mean funds in bridges are ‘one small slipup’ from being hacked
The recent exploit on Harmony’s Horizon Bridge revealed the inherent flaws with multisig admin keys that leave projects and their users “one small slipup” from deep trouble. Two crypto project leads …
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North Korea is likely culprit behind $100 million crypto heist, researchers say
North Korean state-sponsored hackers were likely the perpetrators of a hack that led to the theft of around $100 million in cryptocurrency, according to analysis from blockchain researchers. The …
A Major Crypto Exchange Abandons Ethereum: Is the World’s Computer Falling Behind?
Last week, crypto derivatives exchange dYdX announced that it will be leaving the Ethereum ecosystem and launching its own blockchain within the Cosmos ecosystem. According to dYdX’s founder, a new …
Cross-chain Bridge Thefts Top $1B in 2022
As investment in cryptocurrency grows, so does the incentive for criminal actors to exploit the DeFi (decentralized finance) space. Cross-chain bridge hacks have been the weapon of choice for crypto …
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Machine NFTs: Income security in the age of automation
The dark side of automation was once a figment of science fiction, where fears of intelligent machines taking over the world ran wild. Now, there’s a very real sense that intelligent machines pose a …
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Opaque Platforms and Intertwined Protocols Pose Big Risk to Crypto
We’re still firmly in Hard Times. Sure, my article last week about price and macro risk was published just before an eight-hour flurry when bitcoin gained 6.35%, but both hazards remain salient. This …
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MetaMask Crypto-Wallet Theft Skates Past Microsoft 365 Security
Researchers have uncovered an email-based credential-phishing attack targeting users of MetaMask, a cryptocurrency wallet used to interact with the Ethereum blockchain. The campaign is directed at …
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