A cybersecurity firm, Halborn, has recently warned of a vulnerability that could put over 280 blockchain networks at risk of zero-day exploits, potentially exposing at least $25 billion worth of crypt...
Tag: Vulnerabilities
Halborn identifies vulnerabilities in >280 blockchains including Dogecoin, Zcash
According to Halborn’s report, over 280 blockchains are plagued by major vulnerabilities More than $25 billion in digital assets at risk due to these vulnerabilities, it added Over 280 blockchains are...
Verichains discloses critical blockchain security vulnerabilities
Verichains, a leading blockchain security firm, has identified significant blockchain security vulnerabilities. In an urgent public advisory to projects in the ecosystem, the Verichains team said the ...
Verichains Calls for Action After Revealing Blockchain Security Vulnerabilities
After finding multiple critical vulnerabilities, leading blockchain security company Verichains recommended companies employing Tendermint’s IAVL proof verification to safeguard their assets and reduc...
G20 Financial Stability Board Report Flags DeFi ‘Vulnerabilities’
A new report from the Financial Stability Board takes aim at the world of decentralized finance (DeFi), adding that the “rapidly evolving” niche “does not differ substantially from t...
Orion protocol suffers $3M hack due to third-party vulnerabilities
Decentralized exchange platform Orion Protocol has suffered a $3 million hack due to reentrancy issues from third-party libraries. Orion protocol was designed to enable users to access liquidity pools...
LayerZero CEO denies accusations of critical trusted third-party vulnerabilities
LayerZero CEO Bryan Pellegrino denied accusations that LayerZero — in connection with its Stargate bridge — has two critical trusted third-party vulnerabilities. “It’s 100% factually incor...
Law Enforcement Investigates Vulnerabilities That Led to Hack
Ankr has released the most recent information on the exploit case following the events of the DeFi protocol’s aBNBc token exploit on Dec. 1. 1/ The exploit case is ongoing. We did not release up...
Digital Assets Amongst Vulnerabilities Within The US Financial System
Advertisement     The Financial Stability Oversight Council (FSOC) released its 2022 Annual Report following approval by its voting members on December 16, 2022. Accor...
Jump Crypto releases research on Proof of Solvency vulnerabilities
Jump Crypto (JC) released a research article on Dec. 21 analyzing Proof of Solvency (PoS) vulnerabilities and how PoS works in theory — but fails in practice. In the article, the research-driven quant...
Bitcoin Optech celebrates years of major fixes to Bitcoin vulnerabilities
The popular Bitcoin OpTech newsletter has created a Hall of Fame to thank developers who responsibly disclosed major vulnerabilities in Bitcoin software without exploiting them for their own benefit. ...
pNetwork’s $1B loss exposes the vulnerabilities of Web3
pNetwork suffers huge damage after taking a wrong attempt to fix a supposed misconfiguration. However, pNetwork suffered a hacking attempt and showcased the blockchain-based business’s curse. Hackers ...
Stablecoins Add ‘Novel Vulnerabilities’ to Crypto, Financial Stability: NY Fed
The rapid growth of the decentralized finance (DeFi) sector is fraught with several challenges, including run risks among major stablecoins, according to a new report by the Federal Reserve Bank of Ne...
Experts weigh in on the Ethereum vulnerabilities after Merge: Finance Redefined
Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week. The past week in the ...
FBI: DeFi is full of vulnerabilities
The FBI has issued a warning to cryptocurrency investors about how cybercriminals are getting better and better at exploiting the vulnerability of DeFi platforms to steal cryptocurrencies. FBI and war...
Researchers discover vulnerabilities in Bitcoin layer-2 Lightning Network
Researchers at the University of Illinois have discovered vulnerabilities in the Bitcoin (BTC) Lightning Network that could result in the theft of 750 BTCs (roughly $18 million). The two researchers, ...
Solana Hack: Wallet Apps Reveal Vulnerabilities
The crypto community has been shocked by yet another massive hack. This time, the Solana blockchain, with its SOL making the top 10 coins in terms of market cap, has become a target of crypto abuse. T...
Pentagon Discovers Unsettling Vulnerabilities Regarding The Blockchain Tech
A report titled “Are Blockchains Decentralized, Unintended Centralities in Distributed Ledgers” warns the crypto industry by saying that some big players can exercise centralized control over the comp...
Pentagon paper warns of major vulnerabilities in the Bitcoin blockchain
As the cryptocurrency industry continues to expand and becomes an increasingly attractive target to hackers, the Pentagon has commissioned a study that has discovered some concerning vulnerabilities, ...
Crisis in crypto lending shines light on industry vulnerabilities
The crypto market has entered a bearish phase as prices of major cryptocurrencies have fallen to a four-year low. The current downturn in the crypto market has driven several crypto firms to go out of...
Why do the US Federal Reserves think Stablecoins show the vulnerabilities of crypto?
The Board of Governors at the Federal Reserve claimed that stablecoins are under potential risk of financial instability given the volatility of the crypto market The US Federal Reserve System’s board...
Ronin’s $612 million hack exposes these vulnerabilities of cross-chain bridges
For quite some time now, multi-chain or cross-chain technology has become a holy grail in the cryptocurrency development space. People want to transact with other blockchains by leveraging bridges to ...
Top 5 NFT smart contract vulnerabilities to watch out for
The NFT sector has seen several problems since it emerged which made a lot of people concerned that NFTs are not as safe as previously thought. However, the problem does not lie with NFTs themselves. ...
Cardano Doubled The Reward For Hackers To Uncover Vulnerabilities In Its Blockchain
The public blockchain platform Cardano declares that it has doubled the payout for white hat hackers and bounty hunters that can identify vulnerabilities or bugs in its smart contracts blockchain. The...
Cardano Foundation Doubles Hacker Bounty for Finding Security Vulnerabilities in Its Blockchain
The Cardano Foundation is temporarily doubling the rewards for its “Bug Bounty” program that awards hackers cash for finding any weaknesses in the smart contract platform’s blockchain. In August, the ...
Cardano Doubles Bug Bounty For Hackers Who Find Vulnerabilities
Cardano has announced that it is doubling its bug bounties for hackers who find and report vulnerabilities on the network. Bug bounties are not a new thing and all projects offer it in one form or ano...
MakerDAO issues a $10M bug bounty to detect vulnerabilities on the network
MakerDAO has announced a hefty bounty of up to $10M to any white hat or cybersecurity expert who will detect security threats on its smart contracts. This is one of the largest bounties in the sector....
Multichain Informs Public of Token Vulnerabilities, Hackers Swarm to Steal $3M
Multichain, previously known as Anyswap, is a cross-chain router protocol, also known as CRP, that aims to become the ultimate bridge for web 3.0. The team publicly announced system vulnerabilities on...