Crypto Security Firm Ironblocks Builds ‘Firewall’ for DeFi Protocols
“Once you get hacked in most of the cases you’re done,” CEO Dadosh said. “And this is what we’re trying to prevent.”
Hacks
Crypto Now Has a ‘Neighborhood Watch’ to Guard Against Hacks
Justine Bone, a cybersecurity firebrand whose research led to recalls of half a million faulty pacemakers, leads the new information-sharing and analysis center for crypto firms.
North Korean Crypto Hackers Have Stolen $3B Since 2017, Says UN Security Council: Report
A UN Security Council panel is investigating 17 crypto heists in 2023, for which North Korea may have been responsible, which were valued at more than $750 million.
North Korea Was Responsible for Over $600M in Crypto Thefts Last Year: TRM Labs
North Korea-affiliated actors were behind a third of all crypto hacks in 2023, making off with some $600 million in funds, a new TRM Labs study said.
Orbit Chain Loses $81M in Cross-Chain Bridge Exploit
Orbit Chain, a platform that interacts and transacts with various blockchains, has lost $81 million after hackers exploited the platform’s cross-chain bridge.
Crypto Exchange Catalyx Suspends Trading, Withdrawals Following ‘Security Breach’
The Canadian exchange suffered a security break earlier this month, resulting in the loss of an unknown amount of customer funds.
Crypto Users Lost $2B to Hacks, Scams and Exploits in 2023, De.Fi Says
The figure is roughly half the estimated $4.2 billion of 2022, a year that also included $40 billion lost through the collapse of Terra, Celsius and FTX.
Mt. Gox Appears to Have Started PayPal Repayments Tied to 2014 Bitcoin Hack
Payments through bank accounts are still awaited.
DeFi Has a Risk Problem and It’s Time to Solve It
DeFi hacks represented 2% of total value locked across decentralized protocols in 2023. (fikry anshor/Unsplash, modified by CoinDesk)
Code Is Not (Always) Law
Sometimes, the law is the law, industry experts say.