Category: Security
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Crypto Security Firm Fireblocks Raises $30 Million in Series B Funding, Targets Global Expansion
Crypto security firm Fireblocks said Wednesday that it has raised $30 million in a Series B funding round. The money will be used to hire new talent as well as to expand its global operations to meet “institutional and retail market demand for digital assets.” The round was led by Paradigm, with participation from Fireblocks’…
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Defi Protocol That Bragged About Having Flash Loan Attack Prevention Hacked for $6 Million
A decentralized finance (defi) protocol that bragged about having flash loan attack prevention has been exploited for $6 million in DAI, in a flash loan attack. Value Defi, a yield aggregating protocol, boasted of having the “highest security” in a Nov. 13 tweet that now appears to have been deleted. The protocol claimed that its…
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Jay Clayton will step down as US SEC chair by year’s end
The chairman of the Securities and Exchange Commission is set to move on after three-and-a-half years in the role.
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CertiK deploys automated smart contract auditing tool
An automated tool can help pick the low-hanging fruit vulnerabilities.
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Sharktron Defi Project Devs Exit Scam: Tron Foundation Says Part of Missing Funds Now Frozen
Developers of the Sharktron defi project have exit scammed with reports suggesting that TRX tokens worth up to $10 million are missing. The Tron Foundation has confirmed the theft, but is quick to inform Sharktron token holders that a portion of the missing funds has been frozen. The exit scam comes a few weeks after…
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Blockchain could become a part of the US military’s strategic weaponry
SIMBA Chain beat competitors such as Boeing by using blockchain to underpin a war games solution for the U.S. Department of Defense.
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Most DEXs are unsafe, alleges new report
Only two decentralized exchanges on the list received high cybersecurity scores.
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Quantstamp will audit the entire blockchain of a new DeFi project on Polkadot
Quantstamp’s audit is crucial to ensure a smoothly operating blockchain.
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An encryption study revealed a surprising fact about blockchain adoption in Mexico
The results could be a good sign for the proliferation of distributed technology.