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Tag Archives: security

Using LastPass to Store Passwords? You Must Act Quickly

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...

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Deribit Hacker Has Started Moving the Stolen $28M to Tornado Cash

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...

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SEC Targets The Hydrogen, Related Entities Over Crypto Securities Market Manipulation

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...

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SEC Chief Reiterates View That Crypto Assets Are Securities

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...

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CertiK Closes $60 Million Funding Round from SoftBank Following $88M Series B3

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...

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Uniswap Faces Lawsuits for Unregistered Offer and Sale of Digital Tokens

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...

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Blockchain Security Firm CertiK Closes $88 Million in Funding at a $2B Valuation

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....

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What Are Rug Pulls? How to Avoid Getting Scammed?

Nearly $10 billion were stolen in DeFi scams and thefts only in 2021, representing an 81% rise compared to 2020, and rugpulls accounted for over 35% of all crypto scam revenue. This is according to a recent report by Elliptic. And while there are many types of scams that take place regularly within the cryptocurrency community, rugpulls are arguably the most infamous. So, What is a Rugpull in Crypto? A rugpull — from the phrase to pull the rug from underneath someone —...

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NFT Swapping Platform MetaSwap Allegedly Rug Pulled: $600K Worth of BNB Stolen

Reports emerged earlier today indicating that the team behind MetaSwap – a protocol enabling NFT swaps over Ethereum, Binance, and Polygon – has stolen 1,100 BNB. Shortly after, the native token tanked. The blockchain security and data analytics resource – PeckShield – detected suspicious behavior coming from the MetaSwap team and suggested a soft-rug pull. More precisely, the company said the team behind the NFT swapping platform had stolen 1,100 BNB (worth appr. $605,000)...

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Spider-Man: No Way Home Leaks Targeted by Monero-Mining Malware (Report)

It appears that hackers are finding new avenues to exploit non-suspecting victims and take advantage of their computing power. This time, the primary tool to use are leaks of the new Spide-Man: No Way Home movie. Spider-Man: No Way Home premiered on December 17th, 2021 – merely a week ago, in the US. For the short time being, it has already become the third-most successful movie of the year, according to box office statistics. Data from Box Office Mojo shows that it’s the...

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