Tagged: blockchain security

Over 50 Forked Binance Smart Chain (BSC) Projects Are Potential Rugpulls: Report

Fork

A CertiK security analysis has found that over 50 so-called decentralized finance (DeFi) and non-fungible token or NFT projects may have “critical” vulnerabilities. CertiK wrote in a blog post that they “feel obligated to share these insights” with their community members. According to the blockchain… Read More

CipherTrace Traveler Addresses Sunrise Problem for Digital Currency Travel Rule Compliance

The Financial Action Task Force (FATF) has reported that there are just 58 out of 128 reporting jurisdictions advising that they have implemented any of the updated FATF standards, including the “travel rule.” This reportedly aligns with what CipherTrace has found through their extensive work… Read More

Blockchain Security Firm CertiK Finalizes $80M Round at Nearly $1B Valuation

The team at CertiK recently revealed that they closed an $80M, Series B2 round of financial funding. As noted by CertiK in a blog post: “What makes this so interesting is that this round not only is the single largest round of fundraising for a… Read More

Chainalysis Adds Bitcoin (BTC) to Its Balance Sheet with Assistance from NYDIG

Chainalysis, the blockchain data platform, announced that it is expanding its partnership with NYDIG, a Bitcoin tech and financial services company, in order to carry out a purchase of BTC for the firm’s balance sheet. NYDIG played a key role in supporting Chainalysis to acquire… Read More

Blockchain Security Provider CertiK Chosen by Kava Labs to Offer Improved Security for Kava Ecosystem

Blockchain security solution provider CertiK has been chosen by Kava Labs to offer improved security for the Kava Ecosystem. As part of the partnership, CertiK will be getting a portion of the $185M Kava Ignition Fund in order to carry out regular security assessments of… Read More

Uppsala Security AML, Regulatory Compliance Product Suite Now Supports Binance Smart Chain (BSC)

Beginning August 31, 2021, Uppsala Security‘s AML, regulatory compliance and investigation product suite will be supporting Binance Smart Chain (BSC), according to a blog post dated September 2, 2021. Uppsala Security, a provider of security tools and services for crypto AML/CTF, transaction risk management, regulatory… Read More

Hacked: Blockchain Security Firm SlowMist Shares Analysis of Recent DAO Maker Exploit

SlowMist, which focuses on blockchain ecosystem security and has reportedly served Huobi, OKEx, Binance, imToken (nearly “a thousand commercial customers in total”), reveals that DAO Maker‘s vesting system was recently hacked. SlowMist confirmed in an incident report that DeRace Token (DERC), Coinspaid (CPD), Capsule Coin… Read More

Liquid Exchange Hacker Continues to Swap Stolen ERC-20 Tokens for Ethereum (ETH) and wETH via DEXes to Prevent Funds From Being Frozen

On August 18, 2021, hackers managed to steal more than $90 million in over 69 different cryptocurrencies and digital tokens from Japan-based exchange Liquid Global. Liquid’s teams had “yet to release a postmortem detailing the attack vector used by the hacker,” the CipherTrace team noted… Read More

Cybersecurity Expert Comments on Crypto Transactions, Responsibilities of US Govt, Private Sector to Defend Information, Networks

Carole House, Director of Cybersecurity with the White House National Security Council, recently discussed online security issues at the FinCrime Virtual Week. Blockchain security firm CipherTrace notes in a recent update that headlines such as the Colonial Pipeline Ransomware attack indicate that cybercrime is “on… Read More

Binance Smart Chain, Cardano (ADA) Support Updates Made by Blockchain Security Firm SecuX Technology

SecuX Technology Inc. is pleased to confirm the launch of new features – which include the support of WalletConnect, Binance Smart Chain (BSC) and Cardano (ADA), to be released on July 29, 2021, as well as the new user interface of the firm’s SecuXess web… Read More

Coinbase Ventures, Shunwei Capital, Coatue Join Blockchain Security Auditing Firm CertiK’s $37M Series B

CertiK reports that it has finalized a Series B funding round, raising more than $37 million in capital. The CertiK Family of investors continues to grow with backing from Coatue Management, Shunwei Capital, and Coinbase Ventures. As mentioned in an update shared with CI: “We… Read More

FATF Review Finds that Many Jurisdictions Still Don’t Have Basic Regulatory Framework for Virtual Asset Service Providers: Report

On July 5, 2021, the Financial Action Task Force (FATF) had completed its second 12-month review of the implementation of its updated Standards on virtual assets and virtual asset service providers or VASPs. A review from CipherTrace examines how different jurisdictions and the private sector… Read More

Top Blockchain or DLT based Smart Contract Risks Shared by Digital Assets Firm Coinbase

The team at digital assets firm Coinbase (COIN:Nasdaq) notes that securing smart contracts from risks still remains a significant challenge. As mentioned in an update shared with Crowdfund Insider, Coinbase noted that unaddressed security vulnerabilities are “readily turning into existential threats to your token’s viability.”… Read More

Chainalysis Secures $100M via Series E from Coatue, Others, Blockchain Analysis Firm Now Valued at $4.2B

The team at Chainalysis, a leading blockchain analysis firm, is pleased to confirm that they’ve acquired $100 million in capital via a Series E round that was led by Coatue, bringing the company’s valuation to $4.2 billion. Previous investors Benchmark, Accel, Addition, Dragoneer, Durable Capital… Read More

Over 4.5M Unique Bitcoin Addresses Associated with 72K+ Iranian IP Addresses, CipherTrace Sanctions Research Reveals

Sanctions research from blockchain security firm CipherTrace reveals that over 72,000 “unique” Iranian IP addresses have been linked to over 4.5 million “unique” Bitcoin (BTC) addresses. CipherTrace notes that since monitoring sanctions-related IP usage across the Bitcoin (BTC) blockchain network, they’ve been able to identify… Read More

Binance Smart Chain based DeFi Project Uranium Suffers $50M Loss due to Hack, SlowMist Analyzes Incident

SlowMist, which focuses on blockchain ecosystem security, and has served major digital asset firms such as Huobi, OKEx, Binance, imToken (with around 1,000 commercial customers), notes that according to updates from the SlowMist Zone, the DeFi project Uranium on the Binance Smart Chain (BSC) was… Read More

Former FBI Official Gurvais Grigg Comments on Why He Joined Blockchain Analysis Firm Chainalysis

Gurvais Grigg recently revealed why he joined blockchain analysis firm Chainalysis as its Global Public Sector CTO after working for over two decades at the Federal Bureau of Investigation (FBI), most recently as Assistant Director of the FBI Laboratory. In his new role, Grigg will… Read More

Notabene Partners Blockchain Analysis Firm Chainalysis to Bring Scalable Travel Rule Solution to Crypto Businesses

Notabene has teamed up with blockchain analysis firm Chainalysis to bring a “scalable” Travel Rule solution to cryptocurrency-focused businesses. Crypto-related businesses are working consistently to meet updated regulatory guidelines involving counterparty risk. According to a blog post by Chainalysis, the most notable of these requirements… Read More

CipherTrace Explains how its Traveler Product Assists VASPs with Following Global Travel Rule Regulations

Blockchain security firm CipherTrace notes that its Traveler product has been developed to assist virtual asset service providers or VASPs with adhering to the international “Travel Rule” regulations by securely sharing digital currency transaction details with other “vetted” VASPs. CipherTrace explains that its tools are… Read More

$100,000 in Cash or LINK Tokens will be Provided for Responsible Disclosure of Critical Vulnerabilities in Chainlink Codebase

Decentralized Oracle network developer Chainlink (LINK) has expanded its software bug bounty program. Chainlink notes that in order to ensure their decentralized Oracle Network continues to offer smart contracts access to a secure and reliable external data source, they are pleased to confirm that the… Read More

Send this to a friend