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Ethereum L2 Movement Labs raises $38M for Move-EVM adoption
25.4.2024
Through Facebook’s Move-based Ethereum virtual machines, Movement Labs aims to enhance smart contract security and transaction throughput within the Ethereum ecosystem
Fireblocks Launches DeFi Threat Protection Tools For Institutions
25.4.2024
Fireblocks is protecting its customers from DeFi hacks and scams using new automated tools to identify malicious blockchain programs.
The post Fireblocks Launches DeFi Threat Protection Tools For Institutions appeared first on Cryptonews
DeFi’s ‘unknown and unpredictable’ risks curb institutional use — Fireblocks VP
24.4.2024
Institutions are keen on DeFi, and its use among them is growing, but on-chain risks are hamstringing further adoption, says Fireblocks’ Shahar Madar
New crypto users shouldn’t ‘rush into DeFi’ — Security firms
24.4.2024
Hacken’s Luciano Ciattaglia said that new crypto users should not immediately jump into decentralized finance or decentralized exchanges
Binance Shifts $1 Billion in SAFU Bitcoin Reserves to USDC
18.4.2024
Binance, the leading cryptocurrency exchange globally in terms of trading volume, has shifted its SAFU (Secure Asset Fund for Users) reserves into the stablecoin USDC to bolster “its reliability.” During the early hours of Thursday, the platform transferred two substantial amounts...
Coincover Unveils ‘Protected Co-Signing’ for Crypto Transactions to Prevent Fraud and Hacks
18.4.2024
Coincover, a provider of protection and insurance for digital assets, is launching an extra layer of protection service which screens transactions to detect risk of fraud or hacking.
The post Coincover Unveils ‘Protected Co-Signing’ for Crypto Transactions to Prevent Fraud and Hacks appeared first...
Ethereum Suffers Most Hacks Among Blockchains in 2024
16.4.2024
Ethereum has emerged as the leading victim of blockchain hacks in 2024, with 33 reported incidents, according to a recent study.
The post Ethereum Suffers Most Hacks Among Blockchains in 2024 appeared first on Cryptonews
A Fifth of Gen Z, Millennials Own Crypto; Over 60% Have Tried at Least One of Six Financial Hacks
12.4.2024
Approximately a fifth of America’s Gen Z and Millennials own cryptocurrency but only 20% own real estate, the latest Policygenius 2024 Financial Planning Survey has found. The survey report asserts that Baby Boomers have “benefited greatly from housing wealth,” which now accounts...
$336.3 Million In Crypto Funds Stolen In Q1, $98.8 Million Recovered from March Hacks: PeckShield
1.4.2024
According to PeckShield's data, approximately $100 million in stolen digital assets from hacking incidents in March have been successfully recovered.
The post $336.3 Million In Crypto Funds Stolen In Q1, $98.8 Million Recovered from March Hacks: PeckShield appeared first on Cryptonews
Decentralized Protocol OpenLeverage Suffers Multiple Hacks, Losing $230K: Report
1.4.2024
Permissionless lending and margin trading protocol OpenLeverage has reportedly fallen victim to multiple hacks draining $230K worth assets.
The post Decentralized Protocol OpenLeverage Suffers Multiple Hacks, Losing $230K: Report appeared first on Cryptonews
Defi Platforms Lose More Than $336 Million in Digital Funds in Q1 of 2024, Study Finds
1.4.2024
In the first quarter of 2024, more than $336 million in digital assets were stolen from decentralized finance platforms across 61 incidents of hacking and fraud. During this period, criminals made off with digital assets valued at $144.48 million in two major hacking incidents. In contrast...
Web3 Losses Cut By 23% in Q1 2024, Hackers May Be Eyeing $100 Billion in Locked Funds – Immunefi
28.3.2024
Almost $100 billion in capital is locked across Web3 protocols, representing an attractive opportunity for blackhat hackers, Immunefi said.
The post Web3 Losses Cut By 23% in Q1 2024, Hackers May Be Eyeing $100 Billion in Locked Funds – Immunefi appeared first on Cryptonews
North Korean Crypto Hackers Have Stolen $3B Since 2017, Says UN Security Council: Report
21.3.2024
A UN Security Council panel is investigating 17 crypto heists in 2023, for which North Korea may have been responsible, which were valued at more than $750 million
Study: Criminals Target Defi Platforms, Steal More Than $67 Million in February Alone
9.3.2024
In February alone, criminals stole digital funds worth over $67 million from decentralized finance (defi) platforms. The latest Immunefi data shows that hacking attacks accounted for more than $65 million, or 97% of the month’s losses. The Ethereum blockchain suffered the most individual...
Web3 Lost Over $200 Million to Hackers in Two Months of 2024, More to Come – Immunefi
29.2.2024
"2024 will likely witness the most substantial losses in Web3 ever in terms of volume of funds," Jonah Michaels, Comms Lead at Immunefi, told Cryptonews.
The post Web3 Lost Over $200 Million to Hackers in Two Months of 2024, More to Come – Immunefi appeared first on Cryptonews
Over 70% of Crypto Users Have Never Lost Assets to Phishing or Hacks: Survey
29.2.2024
A WalletConnect survey published Thursday found that more than 72% of crypto wallet owners in the US and UK said they've never experienced losses from phishing or hacks.
The post Over 70% of Crypto Users Have Never Lost Assets to Phishing or Hacks: Survey appeared first on Cryptonews
Canada’s EQ Bank Partners with Trulioo for Biometric Identity Verification + More Crypto News
19.2.2024
Crypto news today: Trulioo joins hands with the digital platform of Canada’s challenger bank, ChainLight reveals a new database that enables users to track all Web3 hacks, and spot volumes rise for the fourth consecutive month.
The post Canada’s EQ Bank Partners with Trulioo for Biometric Identity...
Telefónica Teams Up With Chainlink to Provide Security Against 'SIM Swap' Hacks
15.2.2024
The partnership will be a "significant step" in integrating telecom capabilities into the blockchain technology, the firms said
Kraken’s Security Team Keeps a Low Profile on Social Media By Design
6.2.2024
Crypto exchange Kraken is prioritizing security and ensuring its security team maintains a low public profile. Chief security officer Nick Percoco recently told Financial News that his 400-member team is encouraged to refrain from using social media. This strategy is aimed at mitigating potential...
Web3 Lost $38.9 Million to Bad Actors in First Month of 2024: Quantstamp
31.1.2024
Bad actors have stolen $38.9 million from various Web3 projects in the first month of 2024. According to a recent report from Quantstamp, a decentralized finance (DeFi) security startup, bad actors used different attack vectors to steal funds, including smart contract hacks, key compromises,...