Cybersecurity | Crypto Profit Bot

Spartan Protocol exploit results in loss of $30M

May 2, 2021

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The price of SPARTA token plunged 30% on Sunday as details of the attack came to light. 3104 Total views 22 Total shares Spartan Protocol, a liquidity platform for synthetic assets on the Binance Smart Chain, was drained of $30 million in a coordinated attack on its liquidity pool late Saturday. The exploit targeted a […]

Smart contract exploits are more ethical than hacking… or not?

April 18, 2021

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There has been a lot of talk about the recent “hacks” in the decentralized finance realm, particularly in the cases of Harvest FInance and Pickle Finance. That talk is more than necessary, considering hackers stole more than $100 million from DeFi projects in 2020, accounting for 50% of all hacks this year, according to a […]

Former US Director of cybersecurity: Crypto ransomware ‘running wild’

March 27, 2021

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Ransomware is something the “average American” is worried about, says former cybersecurity top dog Chris Krebs 22751 Total views 46 Total shares Former Department of Homeland Security official Christopher Krebs called for greater governmental oversight of cryptocurrency in an interview yesterday, saying that anonymous payments are a threat “the average American is concerned about.” In […]

Default auditing for DeFi projects is a must for growing the industry

March 21, 2021

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The radical opportunity presented by decentralized finance has garnered significant attention from investors and speculators alike. The total value locked in DeFi protocols grew over 2,500% in 2020, from around $700 million in January 2020 to over $20 billion in December 2020. TVL is a more useful metric than market capitalization when it comes to […]

Huobi Korea scores certification from Korea Internet and Security Agency

January 18, 2021

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The South Korean arm of global crypto giant Huobi has acquired an ISMS certification to comply with the upcoming Special Payment Act. 4914 Total views 19 Total shares Huobi Korea, the South Korean arm of the world’s second-largest cryptocurrency exchange by trading volume, has been certified by a major regulator. According to an announcement on Jan. […]

Digital ruble could be still vulnerable to fraud, Russian banks warn

January 13, 2021

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The Association of Russian Banks is worried about regulators being unable to track illicit transactions of an offline-enabled digital ruble. 3202 Total views 22 Total shares Russia’s central bank digital currency, or CBDC, could contain a number of risks related to cybersecurity and fraud, according to several local financial institutions. The Association of Russian Banks, […]

Blockchain could become a part of the US military’s strategic weaponry

October 30, 2020

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SIMBA Chain beat competitors such as Boeing by using blockchain to underpin a war games solution for the U.S. Department of Defense. 4041 Total views 47 Total shares One often hears blockchain in the same breath as security and supply chains. This week, a winning entry to a competition organized by the United States Department of […]

Attack of the bots! Paxful fights off thousands of automated threats

October 23, 2020

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Bad actors allegedly tried to brute force their way into accounts belonging to Paxful’s users in an ongoing series of attacks. 3913 Total views 63 Total shares Paxful, a peer-to-peer cryptocurrency marketplace, has successfully defended against a number of serious threats, including 220,000 bot attacks and a variety of social engineering ploys — all in […]

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Category: Cybersecurity