An exchange that offers collateralized loans, high-interest rate savings, and more aggressive investment strategies sees crypto’s security problem as an opportunity.
A computer hacker is any skilled computer expert that uses their technical knowledge to overcome a problem. While "hacker" technically has a neutral connotation, the term was changed by popular culture, which defines a hacker as someone with technical knowledge who uses bugs or exploits to break into computer systems.
The recent outburst of interest in cryptocurrencies triggered some hackers to begin looking through different crypto exchange services. The latest news on hackers show that no one is protected from their interventions. There were already several cases of exchanges hacks. For example, in January 2018 cryptocurrency exchange service Coincheck was hacked and approximately 500 million NEM tokens were removed from exchange, amounting about $385 million stolen. Although Coincheck was capable to compensate all users with its own capital, there is no confidence that bigger incidents won’t take place.
The IT firm denies that it paid a ransom to the Russian hacker group in exchange for the decryption tool.2248
Roughly 75 million MAGACOIN were created to support pro-Trump candidates in 2022.4739
Binance Smart chain and Immunefi are partnering to reward white hat hackers who discover vulnerabilities in BSC projects.3064
More profound security practices will encourage wider trust in DeFi and create a culture around security that will advance the industry.2822
Fear mounted as the FBI announced that it helped Colonial Pipeline retrieve a portion of its BTC ransom payment, but can the government actually take over Bitcoin and the network?25783
DeFi protocol Impossible Finance is building a multi-chain incubator to expand out from BSC.6765
Hackers will keep hacking as long as organizations are vulnerable — crypto is not an exception.20235
One blockchain security firm says its audit of the SafeMoon smart contract has unearthed a potential $20 million vulnerability within the viral meme coin.30247
Rari's RGT token is plummeting on the news.58229
The Chinese crypto exchange says funds are “SAFU” and that the emergency maintenance could take up to two weeks.29064
Decentralized finance platforms on the Ethereum network have lost about $285 million to rogue actors since 2019.5959
A member of Uranium Finance’s developer team said they suspect that the recent hack of the platform may have originated internally. They’ve urged affected users not to contact any other members of the Uranium Finance team.7172
Uranium Finance joins the growing list of hacked projects on the Binance Smart Chain network.17650
What is certain is that exploits only get points for being less disastrous than their counterpart.20937