FBI seizes $100K in NFTs from scammer following ZachXBT investigation
The Federal Bureau of Investigation (FBI) has seized 86.5 Ether (ETH) an two nonfungible tokens (NFTs) worth more than $100,000 from a reported phishing scammer. The alleged scammer in question,...
Porsche NFT trading volume nears $5M: Nifty Newsletter, Jan 25–31
In this week’s newsletter, read about how Moonbirds founder Kevin Rose lost nonfungible tokens (NFTs) worth more than $1.1 million. Find out why an NFT collector is suing NFT...
OpenSea serves as an example of why crypto security must improve
In February 2022, OpenSea fell prey to a major phishing attack that resulted in over $1.7 million in nonfungible tokens (NFTs) being stolen from users. It wasn’t the only...
BonqDAO protocol suffers $120M loss after oracle hack
A small decentralized autonomous organization (DAO) has suffered a rather sizeable smart contract exploit, leading to an estimated $120 million being stolen from its protocol.BonqDAO told its Twitter followers...
Developers seek solutions for Web3-related scams from internet browsers
A big concern for users in decentralized finance (DeFi) is its susceptibility to exploits. A report from Privacy Affairs revealed hackers stole $4.3 billion worth of cryptocurrency from January to...
New “MITRE ATT&CK-like” framework outlines software supply chain attack TTPs
A new open framework seeks to outline a comprehensive and actionable way for businesses and security teams to understand attacker behaviors and techniques specifically impacting the software supply chain....
Wormhole wins second ‘temp check’ to become bridge for Uniswap governance
The Uniswap DAO has approved a second non-binding proposal, called a “temperature check,” to make Wormhole the official bridge for cross-chain governance of the protocol between BNB Chain and...
Crypto exploit losses in January see nearly 93% year-on-year decline
Aside from the bullish crypto market rally in January, there’s been more positive industry news as the month saw a steep decline in losses from exploits compared to the...
IoT, connected devices biggest contributors to expanding application attack surface
The growth of the internet of things (IoT) and connected devices are the biggest contributing factors to organizations’ expanding attack surfaces. That’s according to a new report from Cisco...
Here’s how to prevent NFT theft, according to industry professionals
As nonfungible tokens (NFTs) attract more users, they also capture the eyes of scammers. Bad actors in Web3 have set their sights on digital collectibles, with millions being lost...
