DeFi
Walking along the New path – Decentralized Finance (DEFI)
Decentralized financial systems have grown in recent years. But when the phenomenon gained greater transactions, cybercriminal’s motivations managed to soar even higher. A difficult- to- alter digital ledger, the blockchain keeps track ...
FAIL: Nomad DeFi Bridge ‘Loses’ $190M of Worthless Tokens
Cryptocurrency startup Nomad claimed its “optimistic bridging” protocol would “would keep users’ funds safe.” We take a closer look ...
A HyFi Approach Should be the Answer to DeFi Security
I will be the first to admit to my prior skepticism with regards to cryptocurrencies and other sorts of decentralized finance (DeFi). Having spent most of my career immersed in securing centralized ...
Cashio Stablecoin: Not Stable—CASH Loses 99.99995%
A hacker drove a stablecoin into the ground yesterday. Cashio, a USD-backed coin is now all-but worthless ...
Cybersecurity Considerations for Web3
We’ve begun a major shift in how the internet is structured. Our current Web2, defined by a read/write architecture that, until recently was dominated by a handful of massive technology companies, is ...
Fake Cash Scams Thrive on Facebook and Insta—FTC
Cryptocurrency scammers love social media—especially Meta’s platforms. Hundreds of millions of dollars were scammed from U.S. consumers in 2021 ...
Crypto.com: Fortune Favors the Hacker—$16M ‘Stolen’
DeFi exchange Crypto.com got hacked yesterday, sources say. Users reported imaginary money missing from their accounts—as researchers watched it get laundered ...
Web3 and the Decentralized Internet
In our last monthly show of the year we discuss Web3. What is it and what will it mean to have a decentralized Internet. If you’ve wanted to know what Web3, DeFI, ...
$150M Stolen in ‘Imaginary Money’ Crypto/DeFi Hacks
Schadenfreude: This week saw a pair of high-profile cryptocurrency thefts, totalling over $150 million ...