Walking along the New path – Decentralized Finance (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

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 ...
Security Boulevard
DeFi sanctions currency exchange

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 ...
Security Boulevard
Cashio Stablecoin: Not Stable—CASH Loses 99.99995%

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 ...
Security Boulevard
KillNet Web3 CrowdStrike threats Web Apps Reveals Security Threats

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 ...
Security Boulevard
Fake Cash Scams Thrive on Facebook and Insta—FTC

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 ...
Security Boulevard
Crypto.com: Fortune Favors the Hacker—$16M ‘Stolen’

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 ...
Security Boulevard
Web3 and the Decentralized Internet

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

$150M Stolen in ‘Imaginary Money’ Crypto/DeFi Hacks

Schadenfreude: This week saw a pair of high-profile cryptocurrency thefts, totalling over $150 million ...
Security Boulevard