Tagged: security

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 9, 2025 @ 3:25 pm By Omar Faridi  |  

Chainalysis noted that Web3 attackers are becoming more creative and the number of hacks impacting exchanges and other FIs is steadily increasing. In many instances, attackers drain an exchange’s wallets, and those of their unsuspecting users as well, resulting in the loss of funds, trust,… Read More

November 7, 2025 @ 7:43 am By Omar Faridi  |  

On November 3, 2025, the decentralized automated market maker (AMM) protocol Balancer v2 experienced an attack. SlowMist noted that several different projects — including its forked versions — had been impacted across various blockchains, resulting in “total losses of approximately $120 million.” According to blockchain… Read More

October 29, 2025 @ 2:36 am By Omar Faridi  |  

SOL Strategies Inc. (NASDAQ: STKE), a company that combines a Solana treasury with a “revenue-generating” validator business, announced it has successfully completed its SOC 2 Type 2 & SOC 1 Type 2 examination with no exceptions noted. The audit reportedly validates SOL Strategies’ controls, effective… Read More

October 27, 2025 @ 8:49 pm By Omar Faridi  |  

JPMorgan Chase (NYSE:JPM) unveiled plans to allocate around $1.5T over the next decade as part of its so-called Security and Resiliency Initiative, including as much as $10B in direct equity investments, in order to support the US’s move towards improved national security. As global competition… Read More

October 21, 2025 @ 11:55 am By Omar Faridi  |  

French crypto hardware wallet maker Ledger recently revealed that their white hat team, the Ledger Donjon, discovered a flaw in Tangem cards that reportedly makes “brute force attacks possible.” As always, the team at Ledger claims that they followed so-called “responsible disclosure,” but can now… Read More

September 16, 2025 @ 8:50 am By Tony Zerucha  |  

According to the J.D. Power 2025 U.S. Retirement Plan Digital Experience Study, 62% of retirement plan website and app users say security is more important than convenience regarding their overall digital experience. Moreover, account security is now one of the biggest drivers of overall customer… Read More

September 15, 2025 @ 10:43 am By Omar Faridi  |  

In the ecosystem of open finance, where data sharing powers innovative financial services, Plaid is releasing updates aimed at bolstering security and streamlining operations. This month, Fintech Plaid unveiled seemingly pivotal updates: the Aggregator Token for reducing costs and complexity, and new standards for safer,… Read More

August 28, 2025 @ 6:28 pm By Omar Faridi  |  

BitGo, a provider of digital asset infrastructure, announced its support for HyperEVM, the Ethereum-compatible smart contract layer of the Hyperliquid ecosystem. This integration marks a pivotal step in bridging institutional investors with the ecosystem of DeFi, offering custody and operational flexibility for assets like HYPE,… Read More

August 28, 2025 @ 5:07 pm By Omar Faridi  |  

The Monero development team has accelerated its efforts to implement the Full-Chain Membership Proof (FCMP) upgrade, spurred by a recent attempted 51% attack from the Qubic project. This incident has underscored the urgency of enhancing Monero’s security and resilience, prompting developers to prioritize the FCMP… Read More

August 26, 2025 @ 5:53 am By Omar Faridi  |  

MetaMask, the self-custodial cryptocurrency wallet developed by Consensys, is making strides with the aim of improving the Web3 ecosystem. With (a reported) over 100 million users globally, the platform has recently unveiled a series of updates that promise to enhance user experience, security, and accessibility… Read More

August 10, 2025 @ 5:41 pm By Omar Faridi  |  

The Web3 ecosystem continues to evolve, offering opportunities for tech advancements but also presenting significant security challenges. Blockchain security firm CertiK recently shared key updates that shed light on pressing issues and advanced solutions in the space. These updates—a case study on LottieFiles incidents highlighting… Read More

August 7, 2025 @ 4:40 am By Omar Faridi  |  

In a report released by TRM Labs, titled Shadow Bankers: Illicit Actors in Crypto Networks, the blockchain analytics firm delves into the clandestine world of cryptocurrency-enabled financial crime. The document provides a comprehensive analysis of how illicit actors exploit decentralized finance (DeFi), centralized exchanges, and… Read More

July 30, 2025 @ 8:34 am By JD Alois  |  

Legion, a browser-native AI Security Operations Center (SOC), is reporting a $38 million Seed round while emerging from stealth mode. The company notes that it has previously raised an early seed round. According to a note from the company, funding was led by Coatue, with… Read More

July 22, 2025 @ 2:24 pm By Omar Faridi  |  

A Memorandum of Understanding was signed between the Carabinieri Corps and Intesa Sanpaolo, represented respectively by the Commander General Gen. C.A. Salvatore Luongo and General Antonio De Vita, Chief Security Officer of Intesa Sanpaolo, “to promote the prevention and fight against financial fraud.” The collaboration between… 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

June 30, 2025 @ 8:07 am By Omar Faridi  |  

Kraken has recently made significant strides in expanding its regulatory footprint, operational strategy, and commitment to user education. The company secured a full Virtual Asset Service Provider (VASP) license from the Central Bank of Ireland, relocated its global headquarters to Wyoming, USA, and released findings… Read More

June 27, 2025 @ 10:57 am By Omar Faridi  |  

The cryptocurrency ecosystem is evolving, driven by increasing global adoption and the need for robust frameworks to ensure trust, security, and compliance. Recent insights from Chainalysis highlight three critical areas shaping the industry: the global push for crypto regulation, the security risks surrounding stablecoins, and… Read More

June 21, 2025 @ 6:41 am By Omar Faridi  |  

OKX announce that they’ve achieved ISO/IEC 27001:2022 certification, the world’s standard for information security management systems. This milestone / achievement reinforces their position as a global enabler of digital asset security, confirming that their robust security framework “not only meets but exceeds the international standards… Read More

June 20, 2025 @ 8:38 am By Omar Faridi  |  

A Kaspersky study found that 7% of industrial organizations tackle vulnerabilities only when necessary. This leaves them exposed to unplanned downtime, production losses and the reputational and financial damages “that can result from possible cyber breaches.” This alarming trend was highlighted in a survey conducted… Read More