Security News
Researchers have disclosed details about a now-patched critical flaw in the Move virtual machine that powers the Aptos blockchain network. The vulnerability "Can cause Aptos nodes to crash and cause denial of service," Singapore-based Numen Cyber Labs said in a technical write-up published earlier this month.
The decentralized music platform Audius was hacked over the weekend, with threat actors stealing over 18 million AUDIO tokens worth approximately $6 million. Audius is a decentralized streaming platform hosted on the Ethereum blockchain where artists can earn AUDIO tokens by sharing their music, and users can earn tokens by curating and listening to content.
A report commissioned by the Pentagon concluded that the blockchain is not decentralized, is vulnerable to attacks and is running outdated software. The report, "Are Blockchains Decentralized, Unintended Centralities in Distributed Ledgers", uncovered that a subset of participants can "Exert excessive and centralized control over the entire blockchain system."
We wish to provide the suspect an opportunity to communicate with the Harmony Foundation and return all funds. The Harmony team is interested in communicating and negotiating.
Blockchain venture Harmony offers bridge services for transferring crypto coins across different blockchains, but something has gone badly wrong. The Horizon Ethereum Bridge, one of the firm's ostensibly secure bridges, was compromised on Thursday, resulting in the loss of 85,867 ETH tokens optimistically worth more than $100 million, the organization said via Twitter.
To me, the problem isn't that blockchain systems can be made slightly less awful than they are today. The problem with blockchain is that it's not an improvement to any system-and often makes things worse.
North Korea targeting blockchain, cryptocurrency companies. The advisory describes the recent activities of the Lazarus Group, who specialize in advanced persistent threats and target organizations in the blockchain and cryptocurrency industries.
The U.S. Cybersecurity and Infrastructure Security Agency, along with the Federal Bureau of Investigation and the Treasury Department, warned of a new set of ongoing cyber attacks carried out by the Lazarus Group targeting blockchain companies. Targeted organizations include cryptocurrency exchanges, decentralized finance protocols, play-to-earn cryptocurrency video games, cryptocurrency trading companies, venture capital funds investing in cryptocurrency, and individual holders of large amounts of cryptocurrency or valuable non-fungible tokens.
In this video for Help Net Security, Dr. Dmitry Mikhailov, CTO at Farcana Metaverse, talks about cybersecurity in the crypto industry and the vulnerability of a blockchain project. Crypto industry is very young, but has a huge capitalization.
The global blockchain technology market size is expected to reach $1,431. The growing use of contactless blockchain digital ticketing at various events is expected to drive the market.