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Consensys has announced the acquisition of Web3auth, a provider of key management and embedded wallet infrastructure, aimed at enhancing the user experience and security of its Metamask wallet. According to Consensys this acquisition addresses significant risks associated with seed phrase management, as recent data indicates that 35% of users do not back up their seed … Read more
Insurance companies are considering the launch of kidnap and ransom policies aimed at wealthy cryptocurrency holders, driven by increasing concerns over kidnappings of crypto entrepreneurs. K&R Insurance for Crypto Holders U.S. insurance companies are reportedly contemplating launching products specifically for wealthy cryptocurrency holders. The insurers hope these products, known as “kidnap and ransom (K&R) policies,” … Read more
Cryptocurrency exchange MEXC reported a significant 200% increase in coordinated fraudulent trading activity in the first quarter of 2025. Most fraudulent activity is concentrated in Asia, with India accounting for nearly 27,000 or 33% of flagged accounts. Fraudulent Activity Concentrated in Asia Cryptocurrency exchange MEXC reported a sharp, 200% increase in coordinated fraudulent trading activity … Read more
Inabit, a provider of secure cryptocurrency management solutions, has announced a collaboration with Google Cloud to enhance security for cryptocurrency transactions and digital asset management. This partnership will leverage Google Cloud’s Confidential Computing platform to create secure environments where cryptocurrency private keys remain encrypted and inaccessible, even during active use. The collaboration comes in response … Read more
Sandeep Nailwal, founder of Polygon, warned about a recent incident involving a hack of one of his contacts that utilized social engineering and deepfakes on Zoom to compromise other Telegram contacts. The attackers sought to install a component that would allow them to gain access to the victims’ computers. Zoom/Telegram Hacks: Polygon Founder Describes Modus … Read more
The Ethereum Foundation announced the “Trillion Dollar Security” (1TS) initiative, a three-part plan to enhance Ethereum’s resilience for high-value institutional and individual use. Ethereum’s 1TS Initiative Focuses on Protocol, Smart Contract Risks The project aims to enable billions of users to securely store over $1,000 each onchain and support single contracts holding more than $1 … Read more
In April, Solana network participants implemented an emergency upgrade to address a serious security vulnerability that could allow attackers to mint and steal tokens. Nonetheless, the coordinated effort to execute the mitigation measures and patch the vulnerability has raised concerns about the network’s level of decentralization. Solana’s Quiet Emergency Upgrade Raises Concerns Among Crypto Actors … Read more
Certik, a leading blockchain security firm, reported on April 30, 2025, that the crypto industry lost approximately $364 million to exploits, hacks, and scams in April, with $18.2 million returned, resulting in a net loss of $345.8 million. The firm highlighted that $337 million of the total losses stemmed from phishing attacks, underscoring the persistent … Read more
Kenny Li, co-founder of Manta Network, recently raised alarms about the modus operandi of Lazarus, the North Korean hacking collective, and its use of Zoom. Li reported that he was targeted by a known contact using a Zoom-like app that requested access to his camera. Lazarus Is on the Move: Zoom Calls Used to Target … Read more
Layer 2 payments blockchain Fuse has announced a partnership with Check Point Software Technologies Ltd. (NASDAQ: CHKP) to develop and deploy a real-time threat prevention security layer for its blockchain. This collaboration aims to secure smart contracts and wallets by identifying and mitigating threats before they can develop, shifting blockchain defense from detection to proactive … Read more
