Security News
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.
Those following the tech world have probably heard about the recent hack of blockchain bridging service Wormhole that has amounted to the fourth-largest crypto theft, and second-largest De-Fi theft, ever. In this particular case, the attacker exploited Wormhole in such a way that they were able to trick it into minting 120,000 wrapped ethereum on the Solana blockchain, most of which the attacker then moved to the ethereum blockchain.
Google on Tuesday said it took steps to disrupt the operations of a sophisticated "Multi-component" botnet called Glupteba that approximately infected more than one million Windows computers across the globe and stored its command-and-control server addresses on Bitcoin's blockchain as a resilience mechanism. As part of the efforts, Google's Threat Analysis Group said it partnered with the CyberCrime Investigation Group over the past year to terminate around 63 million Google Docs that were observed to have distributed the malware, alongside 1,183 Google Accounts, 908 Cloud Projects, and 870 Google Ads accounts that were associated with its distribution.
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