Phishing attacks were the most costly attack vector for the crypto industry in 2024, netting attackers over $1 billion across 296 incidents.
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The latest Certik Web3 Security Quarterly Report reveals alarming statistics for the second quarter of 2024, with a staggering $688 million lost across 184 on-chain security incidents, marking a 37% increase in value lost compared to the previous quarter. Phishing attacks emerged as the most costly threat, accounting for approximately $433 million in losses, while […]
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Bitget chief operating officer Vugar Usi Zade argued that products should be intuitive, as security matters should be the responsibility of crypto platforms.
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The third quarter of 2024 saw a decline in the number of crypto hacks, but the value of assets stolen spiked, with $753 million lost across 155 incidents.
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In addition to CertiK Ventures’ $45 million investment plan, CertiK also announced the launch of free community tools including Token Scan and Wallet Scan.
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CoinStats said in a July 5 update that it’s still investigating the incident and is taking action to secure its new infrastructure.
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CertiK’s migration to Alibaba Cloud aims to enhance blockchain development security and resource efficiency in Asia.
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White hat hacking is a crucial component of cybersecurity, but it can come with controversy — as CertiK and Kraken recently illustrated.
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Certik has returned the funds to Kraken exchange, putting a happy end to the bug bounty-related saga.
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The security firm said it was transferring the digital assets obtained in the exploit of Kraken back to the exchange, but many crypto users questioned its motives.
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