Security News
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.
Node-as-a-Service StrongNode.io activates a unique approach to edge networking by harnessing idle resources from digital devices to build a strong, on-demand, and scalable node network and ecosystem. StrongNode is upending the traditional cloud computing paradigm and advancing decentralized networks to where technologies like blockchain and edge computing are meshed together to create the best value and experience for digital users.
Early suggestions blamed a cryptographic flaw known as transaction malleability, but sceptics argued that this sort of treachery, even if successful, would be visible in the Bitcoin transaction record, also known as the blockchain. Online blockchain company Poly Networks, which describes itself as a company that was "Built to implement interoperability between multiple [block]chains in order to build the next generation internet infrastructure", has been hacked.
A new report finds that fake investment scams have netted the most funds among all the types of active blockchain scams. CryptoMixer.com, a fake Bitcoin tumbler, is the biggest known active blockchain scam in terms of funds collected.
The blockchain accelerator - developed on IBM Blockchain Platform by Sweden-based software house BlueBarricade Blockchain & AI Technology AB - has achieved new performance levels in the global market for high-speed enterprise blockchain. Performance tests have been conducted with the support of HCL and IBM. "We are excited to bring forth our ground-breaking efforts that show a consistent result of 1,400 blockchain transactions per second on the BlueBarricade blockchain accelerator," says Mikael Bramstedt, innovator and founder of BlueBarricade Blockchain & AI Technology AB. Global demands on the high-speed enterprise blockchain market are growing.
The blockchain ecosystem has established a strong use case for new auction solutions and the answer lies in strengthening the legitimacy of digital auctions. The integration of blockchain technology into the auction process offers a unique digital infrastructure for trading.