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Cybersecurity

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March 2023

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Euler Finance loses nearly US$200 mln in exploit

Hong Kong’s crypto scam losses in 2022 more than double from 2021: SCMP

Bitcoin ATM firm accused of profiting from crypto scams via unlicensed machines: U.S. Secret Service

March 2023

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Bitcoin ATM firm accused of profiting from crypto scams via unlicensed machines: U.S. Secret Service

Crypto scammers seize on AI frenzy as fraudulent ChatGPT tokens flood markets

Head of crypto, FX trading platform EminiFX pleads guilty to US$248 million fraud charges

Alameda wallets activate, transfer millions in FTT tokens 

Crypto hackers stole record US$3.8 bln in 2022, mostly from DeFi and cross-chain bridges: Chainalysis

February 2023

Are weak DAOs inviting attacks and manipulation?

Decentralized autonomous organizations suffer from faulty code and lax governance, which the unscrupulous can easily exploit, writes Michael Lewellen of OpenZepplin.

Why Europe’s DORA regulation is a band aid but not a cure

EU’s new Digital Operational Resilience Act aims to help firms withstand cyberattacks. Monica Oravcova of Naoris Protocol explains why it doesn’t go far enough.

2023 Should be the Year of Web3 Security

Despite 2022’s turbulent impact on the crypto industry, Immunefi CEO Mitchell Amador believes this year could encourage better Web3 security.

Your fitness app knows a scary lot about you. How secure is your data?

Being on the watch, your tracker knows where you live, when you sleep and how healthy (or not) you are. What happens if your data is sold — or hacked?

CBDCs may drive more funds into DeFi protocols, says Immunefi’s Mitchell Amador

Immunefi founder Mitchell Amador believes the future security risks of CBDCs will highlight the benefits of DeFi.

How ‘naming collisions’ threaten the promise of Web3

What are ‘naming collisions,’ and why will unique user-owned identities play a pivotal role in Web3’s future success? Matthew Gould explains.

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Crypto hackers stole record US$3.8 bln in 2022, mostly from DeFi and cross-chain bridges: Chainalysis

DOJ, FBI hack Hive Network, save US$130 mln from crypto ransomware attacks

January 2023

To unwrap Web3’s promises, we must break the barriers to blockchain adoption

Despite blockchain’s potential, barriers to use still stand in the way, writes Andrew Vranjes of Blockdaemon. Solving security issues and reducing risk will be key.

A year of scams

Crypto proved to be breeding ground for scams in 2022. Will next year be different?

Coniferous crypto: What the industry must do next to weather this winter

Crypto is weathering this year’s extreme turbulence so far. But its long-term health will require the sector’s urgent attention to regulation, education and security, writes Oliver Linch, CEO of Bittrex Global.

Digital ID Ready?

As the Philippine government ties to roll out a hugely ambitious ID system, we take a look at how blockchain could make data more secure.

Blockchain Security Issues

The blockchain sphere has been hit with a ton of security issues over 2022. What can we do about it to make things better?

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DOJ, FBI hack Hive Network, save US$130 mln from crypto ransomware attacks

January 2023

Token price of Ethereum-based play-to-earn company Gala Games falls some 20% after hacking scare

The network says the apparent attack was just a preemptive safeguard against an issue with a cross-chain bridge.

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DOJ, FBI hack Hive Network, save US$130 mln from crypto ransomware attacks

FTX, authorities investigate potential US$477 mln theft

OpenSea unveils features to freeze stolen NFTs and malicious links

November 2022

Crypto hackers on track for bonanza year as theft surges, Chainalysis says

Decentralized finance sites are the preferred choice of hackers as crypto heists look to be on course to hit a record high this year.

‘High risk’ crypto activity most prevalent in Eastern Europe amid Russia-Ukraine war: Chainalysis

‘Risky or illicit’ transactions represent the highest rate of any region measured by the blockchain analytics firm.

What is the future for cryptocurrency mixers after U.S. sanctions on Tornado Cash?

Tornado Cash, the Ethereum coin mixer slapped with sanctions by the U.S. Treasury back in August, has returned to the software hosting website GitHub amid a flurry of lawsuits against the Treasury for its action.
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Brazil police bust crypto group led by ‘Bitcoin Sheikh’

Gold bars, cash, jewelry, cars and luxury watches bought with defrauded funds are seized.

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OpenSea unveils features to freeze stolen NFTs and malicious links

Japan pushes for tougher crypto AML regulations amid N. Korean cyberattacks

October 2022

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Japan pushes for tougher crypto AML regulations amid N. Korean cyberattacks

Binance leads funding round in blockchain specialist Salus Security

Crypto Fraud and Asset Recovery Network in U.K. launches Hong Kong chapter

Australia establishes federal crypto police unit

September 2022

Klaytn chief says reducing ‘human elements’ can prevent hacks

After high-profile cyberattacks on decentralized apps, the blockchain industry is in a hurry to ramp up security. Sam Sangmin Seo, head of Klaytn, tells Forkast that minimizing human error may be the key.

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Australia establishes federal crypto police unit

NFT platform SudoRare vanishes with 519 Ethereum

More than 300 addresses said to perpetrate Nomad’s US$200 mln exploit

August 2022

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More than 300 addresses said to perpetrate Nomad’s US$200 mln exploit

Hong Kong to research retail CBDC cybersecurity with Israel, BIS

GST slips as STEPN’s update tripped by DDOS attacks

June 2022

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GST slips as STEPN’s update tripped by DDOS attacks

June 2022

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GST slips as STEPN’s update tripped by DDOS attacks

Russian darknet Hydra, crypto exchange Garantex sanctioned by U.S.

April 2022

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Russian darknet Hydra, crypto exchange Garantex sanctioned by U.S.

At least 3M Aussies own some form of crypto asset

March 2022

North Korea gains from cyberattacks; Russia crypto mining tax?

North Korea is benefits financially from the crypto cyberattacks. Also, is Russia looking to tax crypto mining soon?

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At least 3M Aussies own some form of crypto asset

NFTs, metaverse listed as top ‘must watch’ security risks in Hong Kong

February 2022

Crypto market suffers mauling as bears go berserk

Top blockchain and crypto news: Market chills make investors shiver. Hacking storm at OpenSea. Has Beijing tamed NFTs?

What are the 3 key trends in cybersecurity in 2022?

Cryptocurrency is fueling crimes like malicious mining and ransomware attacks, writes Andrew Brandt of Sophos. What can a company do to protect itself?

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NFTs, metaverse listed as top ‘must watch’ security risks in Hong Kong

February 2022

How should the world tackle crypto criminals and digital dangers?

Top blockchain and crypto news: US leads charge in ramping up cybersecurity. Crypto fans crow as Facebook flops. China bears down on metaverses.

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NFTs, metaverse listed as top ‘must watch’ security risks in Hong Kong

Taiwanese fintech startup XREX collaborates with TRM Labs to ramp up security

U.S. crypto enforcement team to target cybercrime

Brazil seeks to make Bitcoin a legal ‘payment currency’

October 2021

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Brazil seeks to make Bitcoin a legal ‘payment currency’

October 2021

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Brazil seeks to make Bitcoin a legal ‘payment currency’

Liquid crypto exchange hackers use ETH mixer to evade detection

Microsoft, Alibaba to build antipiracy system on Ethereum

Accenture falls prey to ransomware attack

Crypto crimes surge to record levels in Hong Kong

August 2021

DBS Bank tapping on tokenized bonds as a new way to invest

From digital bonds to real estate, blockchain-enabled security token offerings and tokenization are redefining corporate fundraising and investing.

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Crypto crimes surge to record levels in Hong Kong

NortonLifeLock bids to turn users into home Ethereum miners

Singapore’s DBS Bank launches its first digital bond

June 2021

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Singapore’s DBS Bank launches its first digital bond

June 2021

Blockchain is now on the front line against climate change

Blockchain technology is spurring more carbon credit trading while lowering costs for young investors to get involved, says Stefan Rust of Sonic Capital, in a special Forkast.News interview.

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Singapore’s DBS Bank launches its first digital bond