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Showing posts with the label security

North Korea linked to latest crypto hacks, surpassing $270m

Recent investigations link North Korea’s Lazarus Group to a series of crypto hacks totaling over $270 million in stolen assets across major platforms in the past 102 days. Investigations suggest the latest high-profile hacks targeting crypto entities have been perpetrated by North Korean hackers, particularly the notorious Lazarus Group, with over $270 million stolen over the past 102 days. Data from a consolidated list of the last four massive crypto-related hacks sheds light on this. The list was compiled by MetaMask’s lead product manager Taylor Mohana (Tayvano), and featured contributions from prominent on-chain sleuth ZachXBT. North Korean state-sponsored hackers aka Lazarus Group have stolen over $270 million dollars worth of crypto in the last 102 days. That's an average of $2.64 million dollars stolen every single day. They show no sign of slowing down. https://t.co/M90Nyqgjcz pic.twitter.com/T9oM4jSsz4 — Tay (@tayvano_) September 13, 2023 Notably,...

New Cosmos chain will use liquid staking tokens from other networks for security

Staked ETH, BNB, ATOM, SOL and MATIC will be usable on Tenet as “restakes” to gain further rewards. A new Cosmos-based blockchain called “Tenet'' will use liquid staking coins from other networks to secure its transactions, potentially allowing the new network to inherit the security of older ones, according to a May 3 announcement from the developers.  The network is currently available as a testnet and will launch a mainnet version as soon as testing is complete. This comes after liquid staking has recently become the largest decentralized finance (DeFi) protocol category. Liquid staking protocols such as Lido, Rocket Pool and Ankr allow users to stake their coins with a network of validators and receive rewards without having to run their own nodes. These protocols also provide users with tokens called “liquid staking derivatives,” or LSDs, redeemable for the underlying deposits and rewards. According to the announcement, Tenet will allow users to “restake” these LSDs to ea...

Bitcoin, Dogecoin Aren't Securities But Ethereum, XRP Are: Gene Hoffman

Security vs. not a security has always been an ongoing debate in the crypto ecosystem. With the multi-billion dollar crypto market growing, investors have been waiting on how various financial regulatory agencies will regulate it. In fact, at the heart of SEC’s lawsuit against Ripple, the matter of dispute remains to be the same. The agency filed a lawsuit against the blockchain payments firm back in December 2020. They argued that its native XRP tokens fell under the “ security ” category and not the “currency” category. On Tuesday, Gene Hoffman, the CCO of blockchain project Chia took to Twitter to state that PoW assets like Bitcoin, Litecoin, and Dogecoin are not sec urities, while the likes of Ethereum, XRP, Solana , and Cardano are. he explicitly tweeted, “BTC, LTC, DOGE, XCH not securities. ETH, XRP, FTT, SOL, AVAX, ADA always have been.” In fact, a couple of days back, when Ethereum founder Vitalik Buterin opined on what he...