Tagged: certik

November 17, 2025 @ 9:05 pm By Omar Faridi  |  

Wallet-drainer and phishing toolkits are surging, with ~$500M drained in 2024 and crypto losses hitting $3.1B in H1 2025 alone. Point-in-time audits aren’t enough without continuous monitoring and revocation playbooks. We recently caught up with Natalie Newson, Senior Blockchain Investigator at CertiK to better understand how “drainer-as-a-service”… Read More

November 7, 2025 @ 7:53 am By Omar Faridi  |  

The Digital Asset Treasury (DAT) model has matured from a somewhat niche corporate strategy into a growing market, with public firms holding more than $130 billion in digital assets. This particular DAT model, which defines a class of public firms accumulating digital assets as a… Read More

September 15, 2025 @ 10:26 am By Omar Faridi  |  

The web3 and blockchain ecosystem continues to evolve, with interoperability between major ecosystems like Ethereum’s Virtual Machine (EVM) and the Cosmos network emerging as critical infrastructure. CertiK‘s recent insights aim to delve into this convergence, analyzing it through the framework of layered blockchain architecture—a model… Read More

July 3, 2025 @ 6:53 am By Omar Faridi  |  

The Web3 ecosystem, built on the promise of decentralized technologies, continues to face significant security challenges as it grows into a cornerstone of global finance, according to CertiK, a blockchain security firm, which has released its Hack3d report. The Web3 Security Quarterly Report for Q2… Read More

July 2, 2025 @ 8:00 am By Tony Zerucha  |  

Blockchain security firm CertiK’s H1 2025 Hack3d Report finds hackers stole nearly $2.5 billion in 2025’s first six months, up drastically from the same period one year ago. The latest report revealed that in the first half of 2025, hackers stole more than $2.47 billion,… Read More

June 27, 2025 @ 2:42 am By Tony Zerucha  |  

16B data leak shows centralization’s perils “This leak of 16 billion credentials represents the complete collapse of centralized security frameworks, and it’s no surprise. It’s simply an inevitable consequence of putting trust in security systems that are vulnerable to single points of failure in a… Read More

June 6, 2025 @ 4:06 pm By Omar Faridi  |  

CertiK noted that earlier this year, the U.S. Treasury Department made a groundbreaking decision to lift sanctions on Tornado Cash, an Ethereum-based cryptocurrency mixing service that had been a lightning rod for controversy since its sanctioning in 2022. Originally blacklisted by the Office of Foreign… Read More

June 1, 2025 @ 5:14 pm By Omar Faridi  |  

The blockchain and decentralized finance (DeFi) landscape continues to evolve, presenting opportunities and challenges for developers and users. Recent analyses from CertiK shed light on critical incidents and emerging technologies shaping the Web3 ecosystem. CertiK unveils three key updates: an incident analysis of the Cork… Read More

May 7, 2025 @ 10:18 pm By Omar Faridi  |  

On May 7, 2025, Ethereum is set to undergo a transformative upgrade known as Pectra, introducing sweeping changes to the Ethereum Virtual Machine (EVM). CertiK explained in a blog post that this milestone follows Binance Smart Chain’s Pascal upgrade on March 30, 2025, which implemented… Read More

May 2, 2025 @ 9:30 am By Omar Faridi  |  

At the Unchained Summit Dubai 2025, Ronghui Gu, Co-founder of CertiK and Associate Professor of Computer Science at Columbia University, delivered a keynote address underscoring the balance between Web3 innovation and robust security measures. With blockchain technology now underpinning a global financial infrastructure valued at… Read More

March 31, 2025 @ 9:31 pm By Omar Faridi  |  

The decentralized finance (DeFi) community was once again rattled by a significant security breach targeting Magic Internet Money (MIM), a USD-pegged stablecoin issued by the Abracadabra protocol. According to an in-depth analysis by CertiK, a blockchain security firm, the exploit resulted in the loss of… Read More

March 18, 2025 @ 12:32 pm By Omar Faridi  |  

CertiK Chief Security Officer Kang Li has commented on the changing regulatory environment for cryptocurrencies and how it potentially brings new opportunities. During discussions held as part of the 2024 Korean Blockchain Week (KBW), Professor Kang Li, Chief Security Officer of CertiK explained how recent… Read More

February 26, 2025 @ 9:20 am By Omar Faridi  |  

On Friday, February 21, 2025, the cryptocurrency ecosystem was rocked by one of the largest hacks in its history: a meticulously executed theft of nearly $1.5 billion worth of Ethereum tokens (and some other cryptocurrencies) from Bybit, a prominent crypto exchange. Although many of these… Read More

January 16, 2025 @ 10:57 am By Omar Faridi  |  

In the Web3 space, new tokens are constantly emerging, the team at CertiK noted while pointing out that these new tokens may not be safe and could pose certain (serious) risks for holders and traders. CertiK revealed that in the past few months, their security… Read More

January 13, 2025 @ 5:09 pm By Omar Faridi  |  

Founded in 2018, CertiK claims that it became a trusted name in Web3 security by leveraging formal verification to safeguard smart contracts and decentralized systems. Over the years, CertiK expanded their offerings to include comprehensive security services, audits, and tools, solidifying their “reputation as a… Read More

January 5, 2025 @ 7:58 pm By Tony Zerucha  |  

Nearly $2.4 billion was stolen across 760 on-chain incidents in 2024. That was just one revelation in CertiK’s Hack3d: The Web3 Security Report 2024. Even though the total number of incidents decreased by roughly 4%, the amount stolen surged by 31%, meaning that even though… Read More

January 4, 2025 @ 9:51 am By Omar Faridi  |  

As Bitcoin reaches unprecedented levels following yesterthe US election results, thousands of first-time investors are rushing to enter the cryptocurrency market. But new research from CertiK – the blockchain security firm that has protected over $3 trillion in user assets – reveals concerning vulnerabilities that… Read More

November 7, 2024 @ 8:51 am By Omar Faridi  |  

CertiK has shared a security assessment focused on Web3 desktop wallets. As explained in an extensive update by the team at CertiK, desktop wallets play a key role in the Web3 ecosystem, providing users with a means to manage their digital assets within decentralized networks…. Read More

November 4, 2024 @ 10:44 pm By Omar Faridi  |  

As the Web3 ecosystem continues to mature and evolve, significantly more capital is flowing into the crypto-assets sector — which, in many cases, has provided opportunities for hackers to “profit” from this by exploiting vulnerabilities on-chain. This, according to an update from CertiK. Unfortunately, blockchain… Read More

October 25, 2024 @ 8:34 am By Omar Faridi  |  

Much like traditional financial markets, crypto markets are not “immune” to manipulation. This, according to an update from CertiK. CertiK explained in an extensive update that many of the same practices that plague stocks and commodities — such as wash trading, “spreading fear, and pump… Read More