Latest News and Articles about Blockchain Security
Wemix Foundation Hacked for $6.2M: Delayed Disclosure Sparks Outrage
Wemix Foundation’s $6.2 Million Bridge Hack: A Test of Transparency and Security In a shocking turn of events, the Wemix Foundation, the powerhouse behind the WEMIX blockchain gaming platform, was hit with a $6.2 million hack on February 28. The delay in disclosing this breach by four days not only stirred controversy but also ignited […]
Read MoreOhio Man’s Vision of Jesus Endorses Skyren DAO: High APY and Security Audits Explored
Ohio Man Claims Divine Vision of Jesus Endorsing Skyren DAO: Exploring DeFi, High APY, and Blockchain Security In a bizarre twist that could only happen in the world of cryptocurrency, John “HallelujahHodler” Smith from Ohio claims he received a divine endorsement for the DeFi project, Skyren DAO. While the divine endorsement might be hard to […]
Read MoreChainalysis Partners with Sui to Boost Blockchain Security and Compliance
Chainalysis Joins Forces with Sui Foundation to Fortify Ecosystem Security Chainalysis, a leading blockchain analytics firm, has partnered with the Sui Foundation to enhance security and compliance within the Sui ecosystem, marking a significant stride towards a more secure digital frontier. Chainalysis partners with Sui Foundation Enhances security and compliance within Sui ecosystem Chainalysis acquires […]
Read MoreWolf Capital Co-Founder Guilty of $9.4M Crypto Fraud, Industry Loses $1.49B in 2024
Crypto Firm Co-Founder Pleads Guilty to $9M Wire Fraud Scheme Travis Ford, co-founder of Wolf Capital, has pleaded guilty to wire fraud conspiracy after defrauding over 2,800 investors out of $9.4 million. His promises of daily returns of 1-2%, equating to an astronomical 547% annually, have been exposed as a mirage. This case underscores the […]
Read MoreVC-Backed Blockchain Projects: Funding Doesn’t Guarantee Security
Does VC-Backed Equal VC-Secure? Understanding Blockchain Security in the Crypto World The crypto world has been shaken by several high-profile security breaches in venture capital (VC)-backed blockchain projects. These incidents expose the dangerous myth that substantial funding guarantees impregnable security. WazirX’s $235 million loss due to a multi-signature wallet vulnerability Radiant Capital’s $57.5 million hit […]
Read MoreSolana Introduces Quantum-Resistant Winternitz Vault for Enhanced Security
Solana Launches Quantum-Resistant Winternitz Vault for Enhanced Security Solana has taken a significant step into the future of blockchain security with the launch of the Winternitz Vault on January 5, 2025. This feature aims to shield user funds from the potential threat of quantum computing, a technology that could disrupt current cryptographic systems. Quantum-Resistant Security […]
Read MoreCrypto Security Crisis: $2B Lost to Phishing and Private Key Theft in 2024
Phishing and Private Key Theft Surge in 2024: A Closer Look at Crypto’s Security Crisis In 2024, the cryptocurrency ecosystem faced unprecedented losses due to phishing attacks and private key theft, underscoring the urgent need for robust security measures. Blockchain security firm CertiK’s Hack3d report reveals a stark reality: despite the sector’s resilience and growth, […]
Read MoreChainalysis Acquires Hexagate to Boost Blockchain Security and Risk Management
Chainalysis Strengthens Blockchain Security with Hexagate Acquisition Chainalysis has taken a significant step towards improving blockchain security by acquiring Hexagate, a firm specializing in real-time threat detection on blockchain networks. This acquisition is expected to enhance Chainalysis’ risk management capabilities and address the pervasive issue of crypto theft, thereby instilling greater trust in blockchain technologies. […]
Read More