Crypto hacks surge to $2.1B in 2024, CeFi hit hardest Cyvers

Threats like AI-driven attacks and quantum computing vulnerabilities need to be addressed with real-time monitoring and solid regulation.

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Crypto hackers surpass $1.2 billion stolen in 2024: Immunefi

Crypto hackers have stolen over 15.5% more in 2024 so far compared to the same period last year.

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Nearly 80% of hacked cryptocurrencies never recover in price Immunefi

Crypto protocols usually sustain real damage after the exploit occurs, but some tokens are more resilient.

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Top 100 DeFi Hacks: Offchain attack vectors account for 57% of losses

Despite the falling number of smart contract exploits, hackers could surpass the previous year in terms of total value stolen.

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Github: Understanding Unsafe Deserialization Vulnerabilities in Ruby Projects

Learn how unsafe deserialization vulnerabilities can allow attackers to execute commands on Ruby projects and how to detect and prevent them. (Read More)

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Unplugged: The Impending Threat of Widespread Blackouts in Grid-Reliant Economies

Lately, the media has been captivated by the possibility of a grid collapse and the devastating economic consequences it would entail. Curiously, the internet is teeming with headlines suggesting the plausibility of such a collapse, whether caused by cyberattacks, physical assaults on infrastructure, equipment malfunctions, or even the notion of an electromagnetic pulse (EMP) incapacitating [...]

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CFTC Receives DeFi Crash Course

Crypto executives provided a DeFi crash course to the CFTC during their first Technology Advisory Committee meeting. Topics included blockchain technology, decentralization, digital identity, and exploits and vulnerabilities. (Read More)

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ZenGo uncovers dApp vulnerability

ZenGo has discovered a security vulnerability called the "red pill attack" in decentralized applications or dApps. The vulnerability allowed malicious dApps to steal user assets using opaque transaction approvals. Many leading vendors, including Coinbase Wallet, were vulnerable to such attacks. ZenGo found that developers took a shortcut in setting "Special Variables" to arbitrary values during simulation, leaving the simulation vulnerable to attack. ZenGo said the fix was straightforward and urged developers to populate vulnerable variables with meaningful values. (Read More)

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Cybersecurity Firm Halborn Warns of Zero-Day Vulnerabilities in Over 280 Blockchain Networks

Cybersecurity firm Halborn has warned of a vulnerability called "Rab13s" that could put over 280 blockchain networks at risk of zero-day exploits, potentially exposing at least $25 billion worth of crypto. The most critical vulnerability could allow an attacker to send malicious consensus messages to individual nodes, causing each to shut down and potentially enabling a 51% attack on the network. While Dogecoin, Zcash, and Litecoin have already implemented patches for the discovered vulnerabilities, hundreds of other networks remain at risk. (Read More)

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Verichains discloses critical blockchain security vulnerabilities | Invezz

Verichains, a leading blockchain security firm, has identified significant blockchain security vulnerabilities. In an urgent public advisory to projects in the ecosystem, the Verichains team said the vulnerabilities relate to IAVL proof verification and spoofing attacks in Tendermint Core and Cosmos. Specifically, the security risks relate to critical Empty Merkle Tree vulnerability and IAVL Spoofing ...

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ChatGPT-4 Detects Exploits in Ethereum Smart Contracts, Ex-Coinbase Chief Reveals

Ex-Coinbase director Conor Grogan reveals how ChatGPT-4, the advanced AI chatbot, can detect security vulnerabilities in Ethereum-based smart contracts, paving the way for safer blockchain technology.

The post ChatGPT-4 Detects Exploits in Ethereum Smart Contracts, Ex-Coinbase Chief Reveals appeared first on BitPinas.

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Uncovering Bybit Exploit Reveals Vulnerabilities in Centralized Crypto Exchanges

The recent Bybit security breach has once again highlighted the vulnerabilities of centralized exchanges. This incident serves as a stark reminder of the risks associated with trusting third-party entities to safeguard users’ assets. Centralized exchanges have long been a target for hackers due to their centralized nature, which provides a single point of failure. The [...]

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ChatGPT V4 aces the bar, SATs and can identify exploits in ETH contracts

GPT-4, the latest version of the Artificial Intelligence (AI) chatbot, ChatGPT, can pass high school tests and law school exams with scores ranking in the 90th percentile and has new processing capabilities that were not possible with the prior version. The figures from GPT-4’s test scores were shared on March 14 by its creator OpenAI [...]

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Cyvers launches institutional crypto security tool for $4B vulnerability

Cyvers and Station70s solution uses an AI-powered real-time threat detection system to protect institutional-grade crypto transfers, aiming to bolster mass adoption.

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FSB calls for stricter oversight against AI vulnerabilities

FSB explores AIs potential to revolutionize finance while spotlighting risks like fraud, data governance and systemic vulnerabilities.

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TON-based wallet drainer shuts down, eyes Bitcoin

A TON-based wallet drainer said it was shutting down operations due to a lack of whales in the network. 

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US Treasury Report Warns of Defi’s Threat to National Security, Authors Conclude Fiat Is Used in Illicit Finance More Than Crypto

The U.S. Treasury has released a 42-page report assessing the risks of decentralized finance (defi). The report states that specific nation-state adversaries, cybercriminals, ransomware attackers, thieves, and scammers are using defi to “transfer and launder their illicit proceeds.” The Treasury’s report warns that defi could threaten national security and calls for policymakers to increase oversight. [...]

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