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?
December 2022
November 2022
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.
October 2022
Twitter user prevents 200 billion BitBTC bridge exploit, highlighting major vulnerability
A Twitter user highlighted a vulnerability in BitBTC’s Optimism bridge and averted what could have been the latest in a string of bridge exploits this month.
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.
DPRK hackers sneak US$52 mln in crypto into S.Korean exchanges: Chainalysis
South Korean media has reported that local crypto exchanges may become a “playground” for North Korean hackers.
BNB Chain back online after devs deploy update to save funds
Through quick identification and cooperation of network validators, most funds were saved in last week’s BNB Chain exploit.
September 2022
August 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.
Investigating ‘The Hackening’; Crypto market inflows up
Why are cross-chain bridges so attractive for hackers? Also, we take a deeper dive into how the market reacts to it.
July 2022
June 2022
Are we helpless against attacks on blockchain bridges?
Harmony’s Horizon cross-chain bridge is now the third of its kind to suffer a major hack this year. What are the alternatives that may be more secure?
May 2022
April 2022
Is Elon Musk’s Twitter grab good for crypto?
Top blockchain and crypto news: Tweet dreams come true for world’s richest man. Instagram scam hits Bored Apes. Bilibili tests China’s NFT boundaries.
World Bank rescue package throws lifeline to crypto markets
Top blockchain and crypto news: Crisis response brings crypto relief. North Korea’s Lazarus Group named in Ronin hack. NFTs face new risks in China.
US says North Korea behind Ronin hack; Binance closer to Thai business
US authorities says North Korea is responsible for Ronin hack. Meanwhile, Binance and Gulf Energy initiate joint venture.
MobiKwik pulls crypto support; Twitter NFT hacker strikes again
In India, Mobikwik yanks crypto support. Meanwhile in the cyberspace, a Twitter hack promotes a fake NFT drop.
March 2022
Alibaba invests in AR; Ronin Network hacked
Alibaba makes a $60M metaverse bet on AR glasses maker Nreal. Meanwhile, Axie’s Ronin blockchain gets hacked.
Is Dubai the new crypto promised land?
Top blockchain and cryptocurrency news: Dubai’s crypto caravan. Mt. Gox unlocked. Digital yuan in play again.
Ransomware attacks are growing in sophistication. What can stop them?
Aided by crypto like Monero, ransomware crimes are on the rise globally, writes Srinivas Mukkamala of Ivanti. Android users are especially vulnerable.
How to bolster security in a fragmented multi-chain world
The $320 million Wormhole hack laid bare the vulnerability of cross-chain bridges, writes Alex Smirnov of deBridge. How can we plug the gaps?
February 2022
Prime time for crypto as Super Bowl ads make splash
Top blockchain and crypto news: Super Bowl score for digital asset exchanges. CryptoPunks holders face copyright conundrum. Hong Kong warns of NFT risks.
January 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?
Crypto.com discloses details of US$34M hack
The fast-growing crypto exchange Crypto.com discloses large amounts of Bitcoin and Ether were stolen from 483 customers.