Hacks
The Hacks Season 3 Finale Has Me Excited for Season 4 (and Beyond)
Why the Max comedy deserves to run at least as long as The Larry Sanders Show. The Hacks Season 3 Finale Has Me Excited for Season 4 (and Beyond) Liz Shannon Miller
Carl Clemons-Hopkins on Season 3 of Hacks and That Penultimate Episode: Podcast
Hacks Season 3 is streaming now on Max. Carl Clemons-Hopkins on Season 3 of Hacks and That Penultimate Episode: Podcast Consequence Staff
DeFi should complement TradFi, not attack it: Finance Redefined
Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week. Following FTX’s demise, the DeFi space is up for a complete remodel as crypto users demand better security and compliance practices. SushiSwap’s roadmap for the coming year includes the development of a decentralized exchange (DEX) aggregator, a decentralized incubator and “several stealth projects.” All these projects combined can grow its market share 10x, said the CEO. The co-founder and CEO of Ava Labs spoke with Cointelegraph at the World Economic Forum in Davos, Switzerland, on the future of DeFi and traditional finance (TradFi) and said DeFi should complement TradFi, not attack it. Another DeFi report sugge...
Cross-border crypto scammers on the hit list for EU agencies
By the end of 2022, scammers shifted their focus to duping crypto investors who desperately tried to recoup their year-long losses. An international law enforcement operation led by European government agencies joined crypto entrepreneurs and businesses to curb cross-border crypto scams since July 2022, uncovering a criminal network operating through call centers. Europol and Eurojust, two EU agencies for law enforcement cooperation, joined authorities from Bulgaria, Cyprus, Germany and Serbia to investigate online investment fraud since June 2022. The investigation identified a criminal network that incurred over $2.1 million in losses — primarily for German investors. Call centres selling fake crypto taken down in Bulgaria, Serbia & Cyprus. The criminal organisations lured victims to...
Solana Foundation warns about security incident with Mailchimp
Solana Foundation, the non-profit organization of the Solana Network, disclosed on Jan. 14 a security incident involving its email service provider Mailchimp. According to an email sent to users and seen by Cointelegraph, the Foundation was informed by Mailchimp on Jan. 12 that “an unauthorized actor accessed and exported certain user data from the Solana Foundation’s Mailchimp instance.” Among the information accessed and exported in the incident were user’s names and Telegram usernames. The Solana Foundation stated: “Based on the information we have received from Mailchimp, the affected information may have included, inter alia, email addresses, names, and Telegram usernames, in each case only to the extent users provided any such information. Mailchimp advi...
Solana Foundation warns about security incident with Mailchimp
Solana Foundation, the non-profit organization of the Solana Network, disclosed on Jan. 14 a security incident involving its email service provider Mailchimp. According to an email sent to users and seen by Cointelegraph, the Foundation was informed by Mailchimp on Jan. 12 that “an unauthorized actor accessed and exported certain user data from the Solana Foundation’s Mailchimp instance.” Among the information accessed and exported in the incident were user’s names and Telegram usernames. The Solana Foundation stated: “Based on the information we have received from Mailchimp, the affected information may have included, inter alia, email addresses, names, and Telegram usernames, in each case only to the extent users provided any such information. Mailchimp advi...
DeFi-type projects received the highest number of attacks in 2022: Report
It’s no secret that in 2022 the world of Web3 and decentralized finance (DeFi) experienced a slew of major exploits and attacks. From the Ronin bridge attack to the Nomad hack, the top 10 exploits alone saw over $2 billion lost. In the Beosin Global Web3 Security Report 2022, it revealed that of 167 major security incidents over the last year those rooted in DeFi were the most vulnerable. DeFi projects were attacked 113 times, which accounted for approx. 67.6% of recorded attacks. This is followed by attacks on exchanges, nonfungible token (NFT) projects, cross-chain bridges and wallets in that order. According to the report, DeFi projects came in second in terms of monetary losses with a total of $950 million in losses. This follows the $1.89 billion lost in cross-chain bridge exploits in...
Why DeFi should expect more hacks this year: Blockchain security execs
Decentralized finance (DeFi) investors should buckle themselves up for another big year of exploits and attacks as new projects enter the market and hackers become more sophisticated. Executives from blockchain security and auditing firms HashEx, Beosin and Apostro were interviewed for Drofa’s An Overview of DeFi Security In 2022 report shared exclusively with Cointelegraph. The executives were asked about the reason behind a significant increase in DeFi hacks last year, and were asked whether this will continue through 2023. Tommy Deng, managing director of blockchain security firm Beosin, said while DeFi protocols will continue to strengthen and improve security, he also admitted that “there is no absolute security,” stating: “As long as there is interest in the crypto market, the number...
December DeFi exploits were the lowest in 2022: Finance Redefined
Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week. The end of 2022 saw the least value of stolen funds from DeFi, with $62 million worth of exploits in December. While the figure might seem a relief given the multiple bridge hacks and hundreds of millions of dollars stolen this year, cybersecurity experts have warned that the ecosystem would see no decrease in exploits, flash loans or exit scams in 2023. Lido protocol overtook MakerDAO to have the highest total value locked (TVL) in the DeFi ecosystem. In other news, Mango Markets hacker Avraham Eisenberg was detained pending trial. The start of the new year saw a GMX whale hacked for $3.5 million worth of GMX tok...
Twitter data breach: Hacker put 200M users’ private information up for grabs
200 million Twitter users’ private information, including their email addresses, was put for sale after a breach exposed 400M users’ private information in the last week of December 2022. The hacker behind the December breach has earlier demanded $200,000 from Twitter in a bid to return the stolen data and warned if the demand is not fulfilled, the data will be released for free. The latest set of data posted on the hacker forum has been traced back to the same breach from December 2022. IMPORTANT UPDATE ON THE TWITTER HACK: https://t.co/05z8gQm9ZW pic.twitter.com/8sGpIMuOeN — Hudson Rock (@RockHudsonRock) January 3, 2023 Researchers at Privacy Affairs confirmed that the leaked data set on the hacker forum is the same from December. The 200 million number, in this case, resulted from the r...
DeFi sees exploits and exit scam drama in the last week of 2022: Finance Redefined
Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week. For DeFi, the last week of 2022 saw another slew of exploits, insider job accusations and exit scam drama. It all started on Christmas, when Defrost Finance, a decentralized leveraged trading platform on the Avalanche blockchain, was exploited by a DeFi flash loan attack causing $12 million in losses. However, the hacker behind the attacks reportedly returned a portion of the funds the next day. Security analytic firm Certik looked into the chain of events and concluded that the $12 million of funds drained were a part of an exit scam. On Dec. 26, when the Defrost exploit saga was unfolding, Bitkeep, a multichain ...
Alameda wallets funnel over $1.7M via crypto mixers overnight
30 cryptocurrency wallets linked to Alameda Research, the bankrupt sister company of crypto exchange FTX, became active on Dec. 28 following four weeks of inactivity. These wallets swapped and mixed over $1.7 million worth of crypto assets through various crypto-mixing services. Crypto mixers are often used by market exploiters and criminals to obscure the transaction path so that the funds cannot be traced to the original source. As Cointelegraph reported on Dec. 28, the sudden movement of funds from Alameda wallets just days after Sam Bankman Fried was released on bail raised suspicions across the crypto community. Nearly 24 hours later, it seems the culprit behind these fund transfers used extensive planning to hide transaction routes. According to data shared by the crypto forensic gro...
