private key compromise
Web3 Security Losses Skyrocket to $889.26M in Q3 2023, Says Beosin Report
The Q3 2023 Global Web3 Security Report, jointly initiated by Beosin and SUSS NiFT, reveals a concerning escalation in the Web3 security landscape. The report shows that losses from hacks, phishing scams, and rug pulls reached $889.26M in Q3 2023, exceeding the combined losses of the first two quarters. The report also highlights the increasing threat posed by North Korea's Lazarus group.
Microsoft Takes Down COVID-19 Cyber Criminals to Eliminate "Business Email Compromise" Attacks
Scammers have been taking advantage of COVID-19 and the worldwide economic crisis revolving around it to retrieve personal information and phish data from Microsoft users.
Fusion Hacked? CEO Says That 10M FSN Tokens are Gone
The blockchain-based financial platform, Fusion Network has announced a compromised wallet on Sept. 28. The Fusion swap wallet compromise resulted in a theft of 10 million native FSN tokens.
Pelosi and Mnuchin Narrow Differences on Pre-Election Stimulus Terms, Will Republicans Compromise?
House Speaker Nancy Pelosi and Treasury Secretary Steve Mnuchin have reportedly narrowed their differences on the terms for a pre-election pandemic relief package.
What are the 7 Key Takeaways from Facebook's Libra Hearings?
The debate on Facebook's Libra continues with the hearing with Senate Banking Committee on 16 July and the United States House Committee of Financial Services on 17 July. Here are the 7 key takeaways from the two hearings.
Blockchain Interoperability—What are the Key Drivers?
Blockchain Interoperability, the ability to connect different blockchain ecosystems, is gaining a lot of traction today. But, first of all, it is necessary to understand if we need interoperable blockchains. What problems do they solve? Or will they create more troubles? And finally, what are the various challenges involved in going down the path of interconnecting blockchains?
Crypto User Scammed Out of $20,000 on Fake Uniswap App
A user has lost $20K after placing his private key backup phrase in a fake Uniswap mobile app available on the Google Play store.
First Private Bank Joins Turkish Digital Asset Blockchain Network
Garanti BBVA, the second-largest private bank in Turkey with $104 billion of consolidated assets has confirmed that it will be the first and only private bank joining the Turkish Digital Asset Blockchain Network.
Understanding the Profound Impact of Stablecoins on Traditional Finance
Stablecoin is a compromise on absolute money issuance power and the adoption of disruptive blockchain technology. Stablecoin will have a profound impact on the infrastructure of future financial systems.
Cyberport: The Key Indicators for Startup Success in the FinTech and Blockchain Industry
Backed by the Hong Kong Special Administrative Region (HKSAR), Cyberport has the vision to be the hub for digital technology for Hong Kong. With its headquarters located in the south of Hong Kong Island, Cyberport is spearheading Hong Kong’s FinTech development. Blockchain.News met with Charles Lam, the senior manager of the FinTech and Blockchain Cluster at Cyberport; he explained to us the current FinTech and blockchain ecosystem in Cyberport and how it connects to the global FinTech network.
How Do Hackers Use Excel Files to Compromise Your Computers?
We do not recommend users to open excel (especially excel files among other office format files) from an unknown source. Hacker can gain full control of your computer, including the access of all files, screenshots, your web camera and all information typed by your keyboard!
Nobel Prize Winning Economist Abhijit Banerjee: Is Blockchain the Key to Financial Inclusion?
While Nobel Prize-winning economist Prof. Banerjee is no expert in blockchain or FinTech services, we went along to the Asian Financial Forum to find out his thoughts on the application of FinTech and Blockchain to facilitate inclusive finance for the developing world. His response surprised us.
Revenue from MicroStrategy’s $600M Private Offering Will Be Used to Buy Even More Bitcoin
MicroStrategy will host a $600M private offering and the revenue will be used to buy more Bitcoin.