On July 16, 2024, the cross-chain DeFi protocol Li.Fi faced a major security breach. Hackers exploited a vulnerability, stealing around $11 million worth of cryptocurrencies. The stolen assets included Ethereum (ETH) and various stablecoins such as USDC, USDT, and DAI. […]
DeFi Protocol Li.Fi Suffers a $11 Million Cyberattack Read More »
The recent incident involving the Linea blockchain is about the ongoing challenges and slow pace of decentralization in Ethereum’s Layer 2 (L2) solutions. Linea’s decision to stop its sequencer after a hack stresses the urgent need for L2 firms to
Slow Decentralization of Ethereum L2s after Linea Blockchain Stops Read More »
In May, Ethereum faced severe attacks, making it the most targeted blockchain of 2024. Hackers and fraudsters relentlessly focused on Ethereum, causing significant losses. Key Takeaways Ethereum’s Share of Losses: Ethereum constituted nearly 43% of total crypto losses in May.
2024’s Most Attacked Blockchain Suffers 43% of May Crypto Losses Read More »
Artificial intelligence is becoming crucial for web3 security. It’s not just a trend; it’s vital for protecting against cryptocurrency thefts and cyberattacks. AI companies are developing algorithms to detect threats to DeFi protocols, aiming to reduce attacks and improve response
AI Detects Sonne Finance Hack: Key Role in Enhancing Web3 Security Read More »
Kraken, a big name in cryptocurrency trading, just launched its very own wallet for keeping your digital assets safe. It’s like what other big exchanges such as Binance, OKX, Coinbase, Bitget, and Bybit have been doing with their self-custody solutions.
Kraken Launches Self-Custody Crypto Wallet: A Breakdown Read More »
In a bold move to fortify Blockchain Wallet’s security, Quantum eMotion Corp. (TSXV: QNC) has revealed an innovative approach. This groundbreaking method leverages the QeM Quantum Random Number Generator (QRNG2) to enhance security, marking a significant step forward in cryptocurrency
Quantum eMotion Elevates Blockchain Wallet Security Read More »
In the world of Web3, getting people involved and building communities can be tough. Bad actors and not enough people taking part make it hard to trust and feel secure, especially in areas beyond decentralized finance (DeFi). Projects dealing with
Advancing Security: Data NFT Platform Introduces XP System Read More »
In a public blockchain system, anyone can join and get rewarded for their contribution to reaching a consensus. These networks attract new members, with Bitcoin being one of the most popular ones today. Source: Coinbackyard Key Takeaways Understanding Blockchain Basics:
Online crime has always been present, however, with the rise of crypto platforms, people manage to find new ways of breaking the law. There are rules and regulations put in place, with the sole purpose of putting barriers that will
The latest scams involve tricking people into exchanging NFTs that are high in value for worthless counterfeits. Swap orders provide a great amount of flexibility, and a lot of con artists are taking advantage of the popularity and hype of
