Tagged: security breach

Sentinel Protocol Developers Explain How to Report Scams, Hacks, Exploits involving Crypto-Assets

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Making digital cyberspace safer doesn’t have to be “left to the big cybersecurity corporations,” according to an update from Uppsala Security. Individuals and small businesses are able to play a key role in making the Internet and the Web 3.0 “a more secure place to… Read More

DeFi Hack Analysis: $4M+ Lost via Meter’s Passport Bridge Exploit, Days After Wormhole Portal Breach

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Just a few days following the Wormhole Portal hack that led to losses of more than $302 million, Meter’s Passport bridge has experienced a similar attack. The hack on meter.io has been estimated to be “a loss of around $4.3 Million, comprising $4.2 million in… Read More

Robinhood Notifies Public of Security Breach, 7 Million Individuals Impacted

Broken Door Security Breach Theft

Robinhood (NASDAQ:HOOD) has revealed a security breach in its platform that apparently took place on November 3, 2021. An attempt at extortion took place following the theft of the information. According to a blog post, an “unauthorized third party obtained access to a limited amount… Read More

P2P Bitcoin, Ethereum Exchange Paxful Denies there Was Data Leak, Confirms User Data and Funds Remain Safe

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A recent post on Raidforums, a marketplace for purchasing and selling stolen data, has claimed that it has the personal details from millions of users on Paxful, a leading peer to peer Bitcoin (BTC) and Ethereum (ETH) exchange. However, Paxful‘s management stated that they’re false… Read More

DeFi Platform Yearn.Finance’s DAI Vault Suffers Major Exploit, Hack Leads to $11 Million in Value Drained from Platforms

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On Thursday (February 4, 2021), an unknown entity reportedly stole $2.8 million from a shared digital or online vault via the investment platform Yearn.Finance. The hacker(s) exploited the vault using Aave, a decentralized finance (DeFi) platform that lets investors make flash loans. These DeFi solutions… Read More

Coinbase Security Team Shares Tips to Avoid Crypto related Phishing Attacks, SIM Swapping Tactics, and Damaging Security Breaches

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Digital asset exchange Coinbase notes that its Security team regularly monitors the safety of its trading platform and customers’ funds. The US-based exchange also keeps a close eye on security threats and “abuse trends” affecting the larger crypto-economy. In December of this year, personal information… Read More

Kraken Security Labs Warns Cryptocurrency Investors About Recent Phishing Attacks related to Ledger Hardware Wallet

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Kraken, an established US-based cryptocurrency exchange, recently confirmed that Ledger clients whose data was stolen during a security breach have been targeted in a phishing scam that was carried out this past week. The team of experts at Kraken Security Labs have provided an analysis… Read More

Mastercard Introduces AI-Enhanced Solution to Protect Digital Financial Services Providers and Online Businesses from Cyberattacks

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Ajay Bhalla, President, Cyber and Intelligence Solutions, Mastercard (NYSE:MC), confirms that the payments giant is using artificial intelligence (AI) as “the first line of defense” to help the service provider detect cyberattacks, hacks and other types of security breaches. Last year, Mastercard reportedly saved its stakeholders… Read More

Dr. Amrit Kumar: President at Zilliqa Explains How Platform’s Scilla Smart Contract Language Is Used to Develop Secure Applications

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We recently caught up with Dr. Amrit Kumar, President and Chief Scientific Officer of Zilliqa, an enterprise-grade blockchain development platform. Many of the more popular iterations of blockchain are not sufficiently robust to handle the high transaction rates needed today – not to mention what… Read More

Web 3.0 Projects Mysterium Network and Sentinel Form Alliance to Protect Users from Data Hacks, Cybercrime, Surveillance Activities

Spider Web Trap Danger

Web 3.0 related projects Mysterium Network and Sentinel have established an alliance that will focus on protecting Internet users from data hacks, cybercrime, and excessive surveillance activities while they’re conducting activities online. According to a release, the new “decentralized” VPN (dVPN) alliance is currently open… Read More

Robinhood Confirms that “Limited Number” of Customer Accounts were Compromised

Robin Hood

Robinhood, a modern trading platform that offers both traditional securities as well as cryptocurrency trading options, has confirmed that a limited number of its customer accounts were targeted by cybercriminals. However, Robinhood clarified that its service platform itself was not compromised. Hackers reportedly managed to… Read More

Chainalysis Reveals how KuCoin Hackers Used DeFi Platforms Uniswap, KyberSwap to Move $275+ Million in Stolen Cryptocurrency

Theft Crime Steal Rob

Chainalysis, a leading blockchain analysis and security firm, has provided an update regarding the recent KuCoin exchange hack, which led to around $280 million in digital assets being stolen (according to estimates confirmed by many industry participants). Chainalysis noted that on September 25, 2020, hackers… Read More

Tokopedia Introduces P2P Lending Platform, As Indonesian Government Investigates How Millions of Company’s Customer Data Records were Compromised

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Indonesia based Tokopedia, an e-commerce marketplace that had announced a $1.5 billion funding round from Softbank, Alibaba, Temasek back in January 2020, has introduced Dhanapala, a standalone or independent peer to peer (P2P) Fintech lending platform. The Dhanapala app is currently available for download to… Read More

Fintech and Digital Banking Provider Dave Suffers Security Breach, User Data Compromised but No Financial Losses, Company Claims

Broken Door Security Breach Theft

Dave.com, which aims to be the finance version of David and Goliath taking on the big banks and “helping millions with money challenges,” has confirmed that a security breach took place on its platform. Dave, which claims to have “reinvented” many areas of traditional finance,… Read More

Over $3 Million in Bitcoin (BTC) Stolen from Crypto Exchange Cashaa Following Recent Hack

Bitcoin Up in Smoke

UK-based digital asset exchange Cashaa has reportedly suffered a security breach which led to  hackers allegedly stealing over 336 Bitcoins (BTC), an amount valued at just over $3.1 million at the time of writing. Cashaa confirmed that it has suspended all the cryptocurrency-related transfers on… Read More

Russian Blockchain based E-Voting System Suffers Attack, Locals Claim they’ve been Able to Vote Multiple Times due to Faults in the Platform

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Russia’s blockchain or distributed ledger technology (DLT)-enabled voting system for the constitutional amendments recently suffered an attack through an election observer’s node. State-owned news outlet TASS reported that the attack took place on June 27, 2020, at about 8 PM CET. A spokesperson from government… Read More

Developers of dForce, a Chinese DeFi Protocol that was Hacked, to Return $24.9 Million to Users After Hacker Gives Back Stolen Funds

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dForce, a Chinese decentralized finance (DeFi) platform that recently experienced a hack that led to the loss of around $25 million worth of cryptocurrency, confirmed on April 27, 2020 that it will be compensating all its users for their stolen funds. This, after the digital… Read More

Security Alert: UK Fintech Finastra Experiences Ransomware Attack, Takes Some Servers Offline

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UK-based Fintech firm Finastra has reportedly taken some of its servers offline after discovering “potentially anomalous activity” on its computer systems. To quote a statement from Finastra: “During the period immediately prior to March 20th, 2020, the Finastra IT security and risk teams actively detected,… Read More

KYC Data Leak: Crypto Derivatives Exchange Digitex’s Ex-Employee has Allegedly Leaked Over 8,000 Customer Records

Drip Leak Faucet Sink

A former employee of Digitex, a digital asset derivatives trading platform, reportedly began leaking compromised know-your-customer (KYC) data via Telegram.  The stolen data includes passport and drivers license images and other sensitive information which allegedly belongs to over 8,000 traders registered on Digitex.  The Seychelles-headquartered… Read More

Multi-Million Dollar Decentralized Finance Protocol bZX has Been Exploited: Report

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bZX, a leading Ethereum-based decentralized finance (DeFi) lending protocol has reportedly been exploited. Although the exact amount of Ether (ETH) lost due to the exploit has not been confirmed, Kyle Kristner, co-founder at bZx, says “a portion of ETH [was] lost.” As reported by The… Read More

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