Crypto protocols have warned that an increase in AI use has led to a flood of bogus bug bounty submissions, putting a strain on teams trying to identify real threats to their protocols. Bug bounties are a system to…
Privacy-focused crypto protocol Umbra said it has taken down its front-end website to make it more difficult for hackers who have been using it to move funds from recent “high-profile hacks.” Umbra posted to X on…
Curve founder Michael Egorov is pushing for chain-wide DeFi security standards after the Kelp rsETH exploit exposed how “centralized” chokepoints can still wreck supposedly decentralized systems. Summary Curve’s Michael…
The attacker behind the roughly $290 million Kelp DAO exploit began moving tens of thousands of Ether to newly created blockchain addresses on Tuesday, in what appears to be an effort to start laundering the stolen…
Fraudulent actors posing as Iranian authorities have reportedly sent messages to shipping companies whose vessels remain stranded west of the Strait of Hormuz, demanding payment in cryptocurrency for safe passage. On…
Key takeaways Crypto security is expanding beyond digital threats, with criminals increasingly targeting individuals directly through physical coercion rather than trying to exploit blockchain vulnerabilities or hack…
Griff Green, a member of Arbitrum’s security council, said the group acted with input from law enforcement and “did not make this decision lightly." Ethereum layer-2 blockchain Arbitrum on Monday froze more than 30,000…
Decentralized lending platform Aave’s risk management provider has outlined two scenarios on how bad debt from the Kelp DAO exploit over the weekend could impact the ecosystem, depending on how the losses are allocated…
Interoperability protocol LayerZero claims that an inadequate setup tied to Kelp’s decentralized verifier network (DVN) enabled malicious actors to steal $290 million from Kelp DAO, adding that preliminary signs point…
Vercel, a cloud hosting provider popular among crypto projects, confirmed it suffered a security breach that allowed hackers to make off with a “limited” subset of customer credentials. Vercel said in a blog post on…
Kelp, a liquid restaking protocol, was the victim of a cyber attack on Saturday, causing the platform to pause smart contracts for its restaking token (rsETH), as it “investigates” the attack amid reports of hundreds of…
A letter from US Senator Richard Blumenthal said he was concerned about “mounting allegations of dangerously lax anti-money laundering prevention by Binance.” Connecticut Senator Richard Blumenthal questioned US…