Singapore alerts businesses to Bitcoin ransomware risk
Singapore police advised businesses against paying ransom to the bad actors in case of a compromise and asked them to report the incident to authorities immediately. Go to Source
Cybersecurity
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AI-driven crypto crime is only just beginning — Elliptic report
Elliptic’s 2024 report exposes how AI is increasingly used for sophisticated crypto crimes, from deepfake scams to state-sponsored cyberattacks, signaling that these threats are just beginning. Go to Source
Avalanche Core wallet gets Blockaid security integration
The security integration uses Blockaid’s threats database to screen for increasingly sophisticated phishing scams and exploits impacting Web3 users. Go to Source
US Navy launches ‘PARANOID’ blockchain security tech to private sector
The government seeks a collaboration to research and develop the technology further. Go to Source
Security-Focused Crypto ISAC Debuts With Founding Members Including Coinbase, Kraken, Circle
The Crypto ISAC (Information Sharing and Analysis Center) launches on Wednesday as a 501(c)(6) not-for-profit association dedicated to bolstering security within the cryptocurrency ecosystem. Its founding members include Aleo, Circle, Coinbase, Consensys, Evertas, Fireblocks, Hedera, Kraken, Offchain Labs, Red Balloon Security, Ribbit Capital, Solana Foundation, and Trail of Bits. Its mission is to foster collaboration … Read more
Central banks turn to generative AI for enhanced cybersecurity: BIS
Central banks are increasingly adopting generative AI for cybersecurity, with a BIS report indicating that 71% are already using it and more planning to follow. Go to Source
Kaamel Technology to lead investigation into XLink’s $10M breach
XLink partners with Kaamel Technology to investigate the initial cause of the breach while accelerating previously communicated security upgrades Go to Source
Bitcoin bridge XLink resurrection underway post $10M hack
XLink faced a security breach involving almost $10 million, with $4.3 million recovered thanks to a friendly neighborhood white hat hacker. Go to Source
CertiK discovered $5M security flaw in Wormhole bridge on Aptos
A flaw in the bridge could have allowed an attacker to produce fake token transfers, but it was discovered and patched before anyone could take advantage of it. Go to Source
279 Crypto Accounts Forfeited to US Government in North Korean Laundering Crackdown
The U.S. District Court for the District of Columbia has ordered the forfeiture of 279 cryptocurrency accounts containing funds linked to alleged hacks of crypto exchanges by North Korean operatives. This measure is a component of a broader U.S. effort aimed at dismantling cyber operations that finance North Korea’s nuclear and missile initiatives. The decision … Read more