The decentralized finance (DeFi) industry has lost over a billion dollars to hackers in the past couple of months, and the situation seems to be spiraling out of control. According to the latest statistics, approximately $1.6 billion in cryptocurrencies was stolen from DeFi platforms in the first quarter of 2022....
Topline The platform behind the embattled luna cryptocurrency said Thursday afternoon it had temporarily halted its blockchain to stop transactions after the token’s price plummeted nearly 100% overnight, making the network more susceptible to a possible attack. The price of Terra’s luna token collapsed to less than a penny on...
Regrettably, cyberattacks and breaches are big business – bad actors with an endless stream of nefarious motives populate the internet, ready to pounce on insecure data and immature security practices. There’s no shortage of attacks and breaches, and that can make it hard to manage if you like to keep...
The man who is widely considered to be the “Godfather” of the decentralized finance movement, commonly referred to as DeFi, recently published a viral piece of content criticizing cryptocurrency culture. The man in question, Andre Cronje, wrote the piece to critique the development of crypto as well as the protocols...
A new report by blockchain analytics firm CipherTrace highlights the growing role that privacy-focused cryptocurrencies such as Monero are playing in the rising tide of ransomware. “Current Trends in Ransomware” delves into trends observed during 2021 but was only released this week. The firm revealed there was almost a 500%...
iPhone and Android users could be at risk of having their crypto stolen by a “sophisticated malicious cryptocurrency scheme,” according to new research. Subscribe now to Forbes’ CryptoAsset & Blockchain Advisor and successfully navigate the latest crypto price rally Malicious apps are being distributed through fake websites, mimicking legitimate wallet...
