Latest News for: Blockchain hacker

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Crypto Wealth Protection in Spotlight Amid Surging Institutional Demand

NewsBTC 20 Oct 2021
Though the blockchain itself is highly secure, hackers frequently manage to steal funds by exploiting human errors, blind spots, and other weaknesses ... They are convenient, but highly risky because they are an easy target for hackers ... They work with family offices, other funds, but also entrepreneurs and blockchain projects.
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What is cryptocurrency and blockchain?

The Jamestown Sun 20 Oct 2021
Applied Blockchain Inc ... Cryptocurrency transactions are recorded and kept through a ledger called blockchain. Each block is connected to those before and behind it, making it more difficult for hackers to tamper with the blockchain because the block containing the record and all other blocks linked to it would need to be changed to avoid detection.
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The Fragility of Passive Crypto Income Models, and How To Make Them Work

The Daily Hodl 16 Oct 2021
Mining and staking are generally more sustainable as the blockchain is decentralized, and there is no one to disrupt its operation ... With yield farming, however, risks are greater, as decentralized liquidity protocols are susceptible to hacks – and their security is a far greater issue than that of the blockchains they operate on.
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Cryptocurrencies are the rage: But how secure is your money in a crypto wallet?

Indian Express 13 Oct 2021
Meanwhile, blockchain hackers are not only targeting crypto holders but also crypto exchanges, according to Atlas VPN ... More recently, in one of the biggest cryptocurrency heists ever, a group of hackers in August stole $613 million in digital coins from token-swapping platform Poly Network.
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Is it not time for blockchain-based CBDC?

Kuensel 06 Oct 2021
Ripple, an enterprise blockchain company based in the US, is said to have engaged with a plethora of financial institutions across more than 55 countries ... Today, hackers demand ransom in cryptocurrencies ... However immutable blockchain technology is said to be, the crypto space does not escape from the clutch of hackers.
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Interview with Andrei Zaitsev, the CEO of Qchain

NewsBTC 04 Oct 2021
Is blockchain-based lottery popular? ... Yes, for one hundred percent! Firstly, smart contracts guarantee payments in case of winning, secondly, all information about users in the blockchain network is confidential, and thirdly since the game is based on the blockchain platform, any hacker attacks are nearly impossible, they are simply meaningless.
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The blockchain-based home security camera by IoTeX is on sale for less than $40

Mashable 28 Sep 2021
So, not only will you be protected from thieves, but hackers as well. Powered by blockchain and honored by the CES Innovation Awards in Cybersecurity and Privacy, the Ucam definitely stands out in a sea of household security solutions. With end-to-end encryption, the livestream video of what’s going on in your home is impermeable to hackers.
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Decoding the Blockchain Trilemma

The Times of India 28 Sep 2021
The blockchain trilemma has been bothering the blockchain industry for some time now ... Although the majority of decentralized blockchains have robust security, their open-source feature causes make it vulnerable to hackers Currently, flash, collateral-less loans are the easiest way to dupe users and hack into a network.
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DeFi Hack: Vee Finance Losses $35 Million To Hackers Following Mainnet Launch

NewsBTC 25 Sep 2021
There have been occasions when hackers even forced companies to shut down ... The latest to record such an exploit is Vee Finance based on the Avalanche Blockchain. Hackers stole $35 million from this protocol a few days after its mainnet went live on the host network ... The two cryptos that hackers stole are BTC and ETH.
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Decentralise privacy using blockchain technology

Business Line 23 Sep 2021
When blockchain technology is used to solve a problem, writing on immutable data provides complete security to a network's transactions ... Furthermore, laws and regulations might be programmed directly into the blockchain and enforced automatically ... Because the data can be spread, a hacker won't be able to access it all in one attack.
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Tracking Stolen Crypto is a Booming Business

Slashdot 23 Sep 2021
Hackers had made off with $610 million in crypto, belonging to tens of thousands of people ... "Minutes after we issued the freezing transaction, we saw the hacker attempt to move out his Tether ... But forensics investigators are getting savvier at scrupulously mapping activity on blockchains and figuring out who is behind specific accounts.
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Tracking stolen cryptocurrency is a booming business: How blockchain sleuths recover digital loot 

Stars and Stripes 22 Sep 2021
Hackers had made off with $610 million in crypto, belonging to tens of thousands of people ... "Minutes after we issued the freezing transaction, we saw the hacker attempt to move out his Tether ... But forensics investigators are getting savvier at scrupulously mapping activity on blockchains and figuring out who is behind specific accounts.
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How Polygon Will Seek To Strengthen DeFi With $2 Million Bug Bounty

NewsBTC 22 Sep 2021
Q&A With Poly Hacker, Hero Or Villain Behind Biggest DeFi In History?. The exploit used by the Poly Network hacker focused on a blockchain agnostic trading pool called O3 Swap ... The bug bounty program will reward white hackers in relation to their findings and the severity of the potential security vulnerability discovered.
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Avalanche-based DeFi platform Vee Finance says it's lost $35 million in ether and bitcoin in ...

Business Insider 22 Sep 2021
Hacker. NurPhoto / Getty Images Vee Finance said on Tuesday a total of 8,804.7 ether and 213.93 in bitcoin had been attacked on Monday ... The company, whose partners include the Avalanche blockchain, and Chainlink, a platform that creates DeFi applications, said it had contacted the hacker and was trying to negotiate a solution ... ....
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