U.S. Treasury to loop in crypto sector on hacker warnings shared with traditional firms
The Department of the Treasury announced it’s letting crypto firms sign up for timely information-sharing on cybersecurity threats.
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The Department of the Treasury announced it’s letting crypto firms sign up for timely information-sharing on cybersecurity threats.
Ledger’s Charles Guillemet says artificial intelligence is making hacks cheaper and faster, forcing a rethink of how crypto systems stay secure.
Prominent blockchain sleuth ZachXBT alleged faster action by Circle could have limited crypto losses, but freezing asset without legal authorization carries legal risks.
The exploit did not involve a bug in Drift’s code. It used “durable nonces,” a legitimate Solana transaction feature, to pre-sign administrative transfers weeks before executing them, bypassing the protocol’s multisig security in minutes.
The blockchain analytics firm pointed to cross-chain laundering patterns and Solana-specific tracing challenges that mirror prior North Korean state-linked operations.
Mike Novogratz’s crypto financial services firm said unauthorized access was limited to a segregated R&D workspace; trading systems and client accounts were unaffected.
The bots simply waited for a high-value wallet — like Coinbase’s fee receiver — to mistakenly grant spending rights to an exposed contract, then executed the drain instantly.
Cork Protocol has paused all markets as a precaution.
Cetus is Sui’s biggest liquidity provider and decentralized exchange.
Hackers made off with approximately $50 million when the automated market maker was exploited in 2021.