The hackers illegally accessed funds on NFPrompt, including a portion of the NFP treasury and ecosystem fund.
Security News
Blockchain and cryptocurrency security is essential. After all, an autonomous monetary system can only go so far if it can be easily exploited by hackers, rendered inoperable through a mere software bug, or shut down by the powers that be.
Bitcoin’s unique security model is possible through a clever alignment of incentives between the network’s stakeholders — miners, developers, merchants and users. Any attempt to capture the network or reorganize the chain would result in the value of the currency plummeting and thus render any intended benefit completely worthless. The cost of being a bad actor significantly outweighs any possible reward.
Thus, it is in every participant’s best interest to simply play by the rules and collectively work toward the maturation and adoption of the Bitcoin (BTC) ecosystem.
Since its launch in January 2009, the Bitcoin network has never been compromised at the base layer and has had virtually 0% downtime, making it one of the most secure computer systems on the planet.
Cryptocurrency wallets, applications and exchanges that build products and services atop Bitcoin and other crypto networks, however, have frequently been the target of hacks and scams, highlighting the ongoing need to establish best practices around cybersecurity and operational security.
- 1816
The QAN stack will serve as a key component in the country’s post-quantum security layer.
5103For 48% of respondents in Aleo’s 2024 Data privacy report, data privacy and security are considered the most concerning issues within the tech industry.
6166DAOs promise collective and transparent decision-making. However, whales and fake accounts threaten fair voting.
16600The United Kingdom’s Financial Conduct Authority said it would not object to requests to create a market segment for crypto-backed ETNs.
12777DeFi protocol Unizen announced that it will issue an immediate refund to users who lost their funds to an exploit this weekend.
5733The technology required to make Ethereum immune from a quantum attack could be developed starting “tomorrow,” said Buterin.
8265The United States Court of Appeals for the Second Circuit declared that the rationale given by the district court for dismissing the lawsuit against crypto exchange Binance was erroneous.
7081Sonali Giovino, global head of ecosystems at De.Fi, believes decentralized finance security has gotten more coverage over the years because risks discourage adoption.
14148Rules for default judgment required the judge to acknowledge the SEC’s full argument.
8865According to blockchain security experts, it might not be that easy to detect if a crypto website is fake, especially for new visitors.
4878Today’s internet infrastructure faces challenges of access, affordability and censorship. DePINs propose a solution through a decentralized network.
14465From choosing a secure exchange to setting up DeFi protocols security, security sages have shared their top tips so you can keep crypto from falling into the wrong hands.
9090The hacker who gained access to around $6.4 million in ETH from the Seneca stablecoin exploit has returned over $5 million to the project after accepting a 20% bounty.
4517According to Aleo’s statement, it has begun implementing new long-term technical controls for its KYC confirmation practices.
8007