Latest News and Articles about Blockchain Security
VC-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. […]
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