Tag Archives: security

In a YouTube video shared on their channel, the cybersecurity team at Unciphered demonstrated a critical security vulnerability for the OneKey wallet that they discovered during research. As is customary for the white hat discovery of vulnerabilities, the video was released after it was patched. Lacking Customary Encryption Unciphered, a cybersecurity startup whose main focus is recovering lost crypto for clients who no longer have access to their wallets, presumably...

All eyes in the crypto community have been on the SEC and its decision to pursue certain crypto staking offerings in the States. After Kraken, many believe Coinbase will be next to have to settle with the regulator, which is why the largest US-based exchange decided to address the matter. Our Products Are Not Securities: Coinbase The exchange’s Chief Legal Officer, Paul Grewal, asserted in the blog post that the company’s staking services do not meet the Howey test criteria,...

South Korea is looking to amp up regulations to prevent unfair trade in the industry. As such, the Financial Services Commission issued instructions to five major crypto exchanges in the country to delist and classify digital assets that have similar properties to that of securities. The implosion of the once-prominent Terra ecosystem tokens was the first domino to fall in an ensuing series of other high-profile collapses. The subsequent failure of hedge fund Three Arrows...

One of the most popular password management tools – LastPass – has recently been compromised, and cryptocurrency users may have been affected. With that in mind, it’s important to take reasonable action. First off, reports of LastPass being compromised started appearing yesterday. Some claim that customer details were leaked in data breaches, and these include contact details, company and customer names, as well as IP addresses. The breaches themselves took place back in...

Less than a week after exploiting the leading cryptocurrency derivatives exchange Deribit, the attacker started moving the stolen funds. As of November 5, the hacker had moved 1,610 Ether (ETH) worth over $2.5 million to the U.S.-sanctioned crypto mixer Tornado Cash, leaving a balance of about 7,501 ETH in the address. What Happened? On November 2, CryptoPotato reported that Deribit lost $28 million in a hot wallet exploit. The hacker made away with crypto assets such as...

The US Securities and Exchange Commission (SEC) has filed charges against The Hydrogen and its market maker, Moonwalkersfor, for allegedly engaging in unregistered securities and artificially inflating token’s priceoken. The SEC accused the two firms and thtwo execs of breaking the securities laws’ registration, anti-fraud, and market manipulation provisions. The securities watchdog also asked for permanent injunctive relief, conduct-based injunctions, disgorgement with...

The policymaker has continued to stake a claim for the crypto asset industry for his agency tasked with regulating securities in the United States. According to Gensler, cryptocurrencies should be regulated the same way as securities. In a speech on reducing risk and increasing transparency of derivatives at the International Swaps and Derivatives Association Annual Meeting on May 11, he said: “Most crypto tokens involve a group of entrepreneurs raising money from the public...

CertiK – a Web 3 and blockchain security firm – has secured an additional $60 million investment from SoftBank Vision Fund 2 and Tiger Global. This follows the firm’s $2 billion valuation last month, after an $88 million round in which Tiger Global also took part. With the new funding, investments in CertiK over the past nine months have surpassed $290 million. It also marks SoftBank’s first investment into the web 3 security space. The Japanese investment manager has...

Nessa Risley, an Uniswap user from North Carolina, invested about $10,400 on low-cap digital tokens such as EthereumMax, Matrix Samurai, and Rocket Bunny between May and July of last year. The trader has since experienced “substantial losses” and thus sought justice through legal action. On April 4, Risley launched the legal proceedings, alleging that Uniswap has failed to conduct identity checks and impose securities restrictions on “fraudsters” who use the platform to list...

Cryptocurrency security firm CertiK expands as a unicorn to join the ranks of blockchain-based businesses with a valuation upwards of $2 billion. CertiK is arguably the biggest blockchain security services provider in the field and has revealed a funding round of $88 million today. The company is valued at $2 billion following the latest round. The B3 was led by Insight Partners, Advent International, and Tiger Global, and it also saw participation from Goldman Sachs....