Tagged: slowmist

July 8, 2024 @ 9:23 am By Omar Faridi  |  

SlowMist has released its 2024 Mid-Year Blockchain Security and Anti-Money Laundering Report. According to CoinMarketCap, the global cryptocurrency market cap “reached approximately $2.34 trillion by June 30, 2024, highlighting robust growth.” However, SlowMist pointed out that this development “comes with increasingly severe blockchain security challenges.”… Read More

May 1, 2024 @ 9:50 pm By Omar Faridi  |  

In April 2024, there were a total of 37 security incidents, resulting in approximately $90.81 million in losses. Based on the data from the SlowMist Blockchain Security Incident Database, these incidents were caused “by contract vulnerabilities, third-party vulnerabilities, exit scams, and hacked accounts.” As noted… Read More

January 14, 2024 @ 4:15 pm By Omar Faridi  |  

SlowMist has been analyzing the attacks and major incidents of 2023. SlowMist‘s latest report will focus on the anti-money laundering (AML) trends in the blockchain sector for the same year. Thanks to the support of our InMist Intelligence Network partners, SlowMist aided clients, partners, and… Read More

December 20, 2023 @ 7:11 am By Omar Faridi  |  

SlowMist are pleased to announce a strategic partnership with zkMe, a “significant” advancement in their commitment to blockchain compliance and privacy. As a key entity in on-chain analytics, MistTrack’s role in “detecting and preventing cryptocurrency money laundering is vital.” Their platform offers comprehensive tools “including… Read More

December 11, 2023 @ 10:20 am By Omar Faridi  |  

On December 5, 2023, thirdweb, a Web3 foundational development platform, reported security vulnerabilities in its pre-built smart contracts. As noted in a blog post by SlowMist, this issue affects all tokens “deployed using these pre-built smart contracts, including ERC20, ERC721, and ERC1155 tokens.” Based on… Read More

December 4, 2023 @ 3:22 pm By Omar Faridi  |  

Based on the insights from the SlowMist Blockchain Hacked Archive, the month of November 2023 was marked by “a significant number of security breaches within the blockchain sector.” In total, 47 distinct incidents were recorded, “cumulatively leading to a substantial loss estimated at around $349… Read More

November 24, 2023 @ 3:25 pm By Omar Faridi  |  

SlowMist and Sinohope Technology Holdings Limited, a comprehensive digital asset custody platform, announced a strategic partnership uniting the two companies. The two parties will carry out active security business cooperation “in MPC security audit, digital asset Anti-money laundering (AML), Web3 threat intelligence cooperation Network, digital… Read More

October 22, 2023 @ 5:03 pm By Omar Faridi  |  

Nomura Securities Co., Ltd. of Japan and Kudasai Corp. have formally partnered to enhance the content dissemination of the Web3 learning application “Web3 Pocket Campus”. SlowMist will contribute by “providing high-quality research reports and content as teaching materials to support Web3.” As a blockchain security… Read More

October 10, 2023 @ 8:33 pm By Omar Faridi  |  

During the 2019 Fintech Week, the Hong Kong Securities and Futures Commission (HKSFC) reportedly demonstrated a stern regulatory stance towards cryptocurrency through its publications “Position Paper: Regulation of Virtual Asset Trading Platforms” and “Warning on Virtual Asset Futures Contracts,” emphasizing strict licensure and professional investor… Read More

October 1, 2023 @ 5:00 pm By Omar Faridi  |  

In the DeFi realm, while innovation and opportunity are definitely arising, significant potential risks prevail, according to an update from SlowMist. SlowMist explains that addressing these challenges demands “an active and evolving security approach, parallel in its dynamism and comprehensiveness to the ecosystem it aspires… Read More

September 6, 2023 @ 11:31 am By Omar Faridi  |  

In a weekly update, SlowMist reveals that there were approximately $830,000 that were lost in Web3 security incidents. According to statistics from SlowMist’s Blockchain Hacking Archive, from August 28 to September 3, 2023, there were “a total of 7 security incidents, resulting in an estimated… Read More

April 28, 2023 @ 1:05 pm By Omar Faridi  |  

SlowMist and OKX have recently announced a strategic partnership to focus on “enhancing digital asset ecosystem security, digital asset anti-money laundering (AML), and conducting security technology research.” Both parties will collaborate “to develop comprehensive and innovative security services to address the growing demand for secure… Read More

March 18, 2023 @ 2:17 pm By Omar Faridi  |  

HashKey Group and SlowMist are pleased to announce a strategic partnership to collaborate on digital asset ecosystem security, anti-money laundering for digital assets, cutting-edge security technology research, and other technology fields. The goal of the partnership is “to explore and develop comprehensive security standards and… Read More

August 7, 2022 @ 9:08 pm By Omar Faridi  |  

On August 3, 2022, a large-scale incident of currency theft occurred on Solana, and a large number of users “transferred SOL and SPL tokens without their knowledge,” the SlowMist team noted in their analysis of the incident. The SlowMist security team “tracked and analyzed this… Read More

June 8, 2022 @ 4:49 pm By Omar Faridi  |  

SlowMist recently revealed that they’re working cooperatively with Go+ Security in order to help secure the future of Web3. The main goal of this cooperation is “to exchange data.” SlowMist will provide Go+ Security with their malicious address data of EVM tokens (mostly on ETH… Read More

February 24, 2022 @ 3:00 pm By Omar Faridi  |  

SlowMist notes that not too long ago, they had released an update in regards to the Bitfinex incident. The report from SlowMist had covered how the stolen funds had allegedly been laundered using a technique known as “peel chain.” The company reveals that they received… Read More

January 3, 2022 @ 7:50 am By Omar Faridi  |  

SlowMist has shared their review of the blockchain security industry in 2021. The blockchain security firm reveals that international losses for the sector surpassed $9.8 billion. As mentioned in the update from SlowMist, 2021 was a year of “ups and downs” for the blockchain or… Read More

December 27, 2021 @ 1:40 pm By Omar Faridi  |  

The blockchain and crypto-assets space has grown tremendously during the past 18 months due in part to the acceleration of the ongoing digital transformation. Many more consumers and business organizations are completing tasks online instead of visiting physical locations to avoid the further spread of… Read More

December 3, 2021 @ 7:52 am By Omar Faridi  |  

SlowMist, which focuses on Blockchain Ecosystem Security and have served more than 1,000 customers, notes that on November 30, 2021, their team at SlowMist was “notified of an attack on the Defi protocol MonoX.” More than $18 million in WETH and $10.5 million in MATIC… Read More

September 6, 2021 @ 11:09 pm By Omar Faridi  |  

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