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TrustSwap's SmartLocks Service Locked Up Four Times More than Bitcoin LN
TrustSwap, a DeFi platform dedicated to enabling the execution of timed token purchases, recently announced that its SmartLocks service has officially locked over four times more value than the Bitcoin Lightning Network. While this is a major achievement on its own, it is only one of TrustSwap's many different services and it shows the potential that the project has to dominate the DeFi sector.
IRS Criminal Investigations Puts $625,000 Bounty on Monero Privacy Crack and BTC Lightning Network Tracker
IRS Criminal Investigations have put a $625,000 bounty on the heads of Monero (XMR) privacy and BTC Lightning Network (LN) transactions.
Github: Understanding Unsafe Deserialization Vulnerabilities in Ruby Projects
Learn how unsafe deserialization vulnerabilities can allow attackers to execute commands on Ruby projects and how to detect and prevent them.
Critical RCE Vulnerabilities Discovered in Kafka UI
Researchers identified three critical remote code execution (RCE) vulnerabilities in Kafka UI. Users are advised to upgrade to version 0.7.2 to mitigate risks.
Hodlnaut Held Up to $13m on FTX Prior to Withdrawal Halt
Bankrupt crypto lending firm Hodlnaut may have $13M locked in FTX
Singapore Crypto Lender Hodlnaut Suspends Withdrawals, Citing Tough Market Conditions
Hodlnaut on Monday suspended all withdrawals, swaps, and deposits on its platform and said it is exploring potential recovery plans options.
SlowMist Reports Surge in Diverse Crypto Security Incidents for the Week of September 17-23, 2023
SlowMist, a cybersecurity firm specializing in blockchain, released its weekly security report for the week of September 17-23, 2023. The report highlights a total of seven security incidents with an estimated loss of around $380,600. The week saw a significant rise in phishing attacks and rug pull tactics, as well as the emergence of diverse attack methods like DNS hijacking and contract vulnerabilities.
Euler Finance suffers $197M DeFi hack
Decentralized finance (DeFi) protocol Euler Finance lost nearly $197 million in a flash loan attack on March 13, impacting more than 11 other DeFi protocols. The vulnerability remained on-chain for eight months despite a $1 million bug bounty in place. Euler Finance disabled the vulnerable etoken module and vulnerable donation function, and has reached out to security firms and the ETH security community to help with the investigation and recover the stolen funds.
CertiK Outlines Mobile Blockchain Security Threats and Countermeasures
CertiK discussed security challenges of blockchain technologies on mobile platforms, including malware, insecure wallet apps, and network vulnerabilities, and provided countermeasures like reputable security solutions and regular updates.
Hodlnaut Lost $190M from Hong Kong Branch in TerraUSD Wreck
A report from the interim judicial manager has uncovered that cryptocurrency lender Hodlnaut's Hong Kong branch lost nearly $190 million during the collapse of the Terra/Luna digital token in May 2022.
Critical Security Vulnerability in OKX iOS App: CertiK's Urgent Update Advisory
CertiK issued a high-priority alert for OKX iOS app users, urging an immediate update due to a discovered critical RCE vulnerability that poses a serious threat to data and asset security.
ZenGo uncovers dApp vulnerability
ZenGo has discovered a security vulnerability called the "red pill attack" in decentralized applications or dApps. The vulnerability allowed malicious dApps to steal user assets using opaque transaction approvals. Many leading vendors, including Coinbase Wallet, were vulnerable to such attacks. ZenGo found that developers took a shortcut in setting "Special Variables" to arbitrary values during simulation, leaving the simulation vulnerable to attack. ZenGo said the fix was straightforward and urged developers to populate vulnerable variables with meaningful values.
Tetra Partners with Kiln to Enhance Staking Service Including Ethereum and Solana
Tetra Trust partners with Kiln to expand staking services on major PoS blockchains, including Ethereum and Solana, enhancing digital asset management in Canada.
Rogue Validator Outsmarts MEV Bots, Resulting in a $25 Million Loss
MEV bots attempting sandwich trades lost $25 million worth of digital assets to a rogue validator. The loss included Wrapped Bitcoin, USD Coin, Tether, Dai, and Wrapped Ether. Blockchain security firm CertiK explained that the attack was due to the centralization of power with validators, making them vulnerable to such attacks.
Solana Foundation Offers $400k Bounty for Critical Code Discovery
Jacob Creech announces a $400k bounty for discovering code that can halt Solana network, part of Solana Foundation's endeavor to ensure robust network security.
THORChain Pauses Network Amid Reports of Vulnerability
THORChain has temporarily halted trading due to a potential network vulnerability, causing its native token, Rune, to fall 5% in value.
UK Finance Launches Experimental Phase for Regulated Liability Network (RLN)
UK Finance is launching an experimental phase to explore the UK Regulated Liability Network's potential in payment-upon-delivery, homebuying process improvements, and digital bond settlement, aligning with Project Rosalind.
Trust Wallet Discloses Security Flaw Resulting in $170k Loss
Crypto wallet Trust Wallet has reported a security vulnerability, resulting in almost $170k in losses for some users. The vulnerability has been fixed after Trust Wallet found out about it through its bug bounty program.
Cybersecurity Firm Halborn Warns of Zero-Day Vulnerabilities in Over 280 Blockchain Networks
Cybersecurity firm Halborn has warned of a vulnerability called "Rab13s" that could put over 280 blockchain networks at risk of zero-day exploits, potentially exposing at least $25 billion worth of crypto. The most critical vulnerability could allow an attacker to send malicious consensus messages to individual nodes, causing each to shut down and potentially enabling a 51% attack on the network. While Dogecoin, Zcash, and Litecoin have already implemented patches for the discovered vulnerabilities, hundreds of other networks remain at risk.
CFTC Receives DeFi Crash Course
Crypto executives provided a DeFi crash course to the CFTC during their first Technology Advisory Committee meeting. Topics included blockchain technology, decentralization, digital identity, and exploits and vulnerabilities.
Bitcoin Core Vulnerability Exposes Risks in Datacarrier Limits: NVD Flags Security Concerns
NVD has discovered a critical vulnerability (CVE-2023-50428) in Bitcoin Core, which allows datacarrier limit bypass and poses significant network risks, notably exploited by Ordinals.
Web3 Security Losses Skyrocket to $889.26M in Q3 2023, Says Beosin Report
The Q3 2023 Global Web3 Security Report, jointly initiated by Beosin and SUSS NiFT, reveals a concerning escalation in the Web3 security landscape. The report shows that losses from hacks, phishing scams, and rug pulls reached $889.26M in Q3 2023, exceeding the combined losses of the first two quarters. The report also highlights the increasing threat posed by North Korea's Lazarus group.
OpenAI Launches Bug Bounty Program
OpenAI has launched a bug bounty program to address privacy and cybersecurity issues, inviting security researchers and ethical hackers to identify and address vulnerabilities in its systems. The program offers cash rewards ranging from $200 to $20,000 for qualifying vulnerability information.
Kyber Network Advises Removal of Funds Amid Potential Vulnerability
Kyber Network has advised liquidity providers to remove their funds due to a potential vulnerability in the Kyberswap Elastic decentralized crypto exchange. No funds have been lost, and farming rewards have been temporarily suspended until a new smart contract can be deployed.
Colnago Deploys Blockchain-Powered Digital Passport for Seamless Cycling Experience
Colnago, a leading Italian road-racing bicycle manufacturer, has integrated blockchain technology into its new bicycles so that customers can get proof of validity and ownership.
Russian Blockchain E-Voter Identities Can be Exposed Through Vulnerability
On the final day of Russia’s vote on the proposed constitutional amendments—a vulnerability in the blockchain-based system that allows user’s votes to be decrypted has been exposed by Russian media.
Why MOVR, RSS3, FTT, C98, MLN, CVC Are the Coins to Watch After PERP and FORTH's Surge
After the surges in PERP and FORTH, MOVR, RSS3, FTT, C98, MLN, and CVC are the coins that investors should be keeping an eye on.
Unraveling ChatGPT Jailbreaks: A Deep Dive into Tactics and Their Far-Reaching Impacts
Exploring the intricacies of ChatGPT jailbreak strategies, this paper delves into the emerging vulnerabilities and the advanced methodologies developed to evaluate their effectiveness.
Deceptive AI: The Hidden Dangers of LLM Backdoors
Recent studies reveal large language models can deceive, challenging AI safety training methods. They can hide dangerous behaviors, creating false safety impressions, necessitating the development of robust protocols.
How Jailbreak Attacks Compromise ChatGPT and AI Models' Security
Recent studies reveal the vulnerabilities of large language models like GPT-4 to jailbreak attacks. Innovative defense strategies, such as self-reminders, are being developed to mitigate these risks, underscoring the need for enhanced AI security and ethical considerations.
LINE to Offer BTC, ETH for Payment Options and Introduce token in March
Messenger app LINE is considering adding cryptocurrencies to its payment options and officially launching its native LINK token (LN) in March.
Algorand Foundation Faces $35M Losses from Exposure to Hodlnaut
The losses at Algorand relate in part to exposure to Hodlnaut. The firm said it is pursuing a legal approach to recover such losses from Hodlnaut.
Hodlnaut Applies for Court Protection amid Liquidity Crises
Hodlnaut, a Singapore-based digital currency lending platform, has joined its counterparts in seeking out the protection of the courts with its recent application for Judicial Management.
Singapore police allegedly investigate Hodlnaut
Singaporean crypto lender Hodlnaut is reportedly under investigation for cheating and fraud. Multiple complaints against the platform between August and November 2022 prompted the police to investigate the exchange's founders. Singapore police say most complaints involve misrepresentations.
Russia’s Detained Opposition Leader Alexei Navalny receives $120,000 in Bitcoin Donations as Protests Rage in Moscow
Russian’s are using Bitcoin to support detained political opposition leader Alexei Navalny who was recently arrested on Jan. 17 as thousands protest in Moscow for his release.
Binance Denies Sharing Users Data with Russian Intelligence Agencies
Binance exchange has denied allegations by Reuters that a Russian subsidiary has close ties to the country’s financial regulator called Rosfinmonitoring by agreeing with sharing users' data.
LINE Messaging App Launches Digital Asset Wallet and Blockchain Platform to Run Dapps and Tokens
LINE communications app recently launched a new blockchain digital wallet that can be used to manage various crypto assets.