Ramesh has seven years of experience writing and editing stories on finance, enterprise and consumer technology, and diversity and inclusion. She has previously worked at formerly News Corp-owned TechCircle, business daily The Economic Times and The New Indian Express.
Ransomware gives cryptocurrency a bad name. U.S. federal regulators have noticed, publishing on Friday a slew of recommendations for ensuring that the blockchain world isn't a criminal haven. Among them are legislative proposals that would strengthen anti-money laundering statutes.
Foreign investment into the U.S. will undergo added scrutiny for its implications to cybersecurity and data protection under an executive order signed by President Joe Biden. The order focuses on potential security risks of direct investors as well as their ties to third parties that may pose risks.
The U.S. Department of Justice obtained its first ever guilty plea in a cryptocurrency insider trading case after Nikhil Wahi, 26, admitted to a scheme to buy crypto assets ahead of their listing on Coinbase. Wahi is one of a trio facing charges that includes his brother, a former Coinbase employee.
A thief stole $1.25 million worth of cryptocurrency from DeFi protocol New Free DAO in a flash loan attack and so far has cashed out nearly half of the funds. The attack resulted in a sharp drop in the platform's native token $NFD, whose value slumped more than 99% day-on-day on Thursday.
An attacker stole at least $370,000 worth of USDC stablecoins from a smart contract on the Avalanche blockchain in a flash loan attack, affecting liquidity providers. Victim Nereus Finance is enticing the thief to return the stolen funds for a 20% "no questions asked" white hat reward.
U.S. sanctions on Tornado Cash are driving North Korean hackers away from the cryptocurrency mixer. Chainalysis says hackers' use of ineffective obfuscation techniques allowed the blockchain analysis firm to participate in an operation that recovered $30 million stolen from the Ronin bridge.
The world's largest cryptocurrency trading platform is bankrolling a lawsuit challenging the U.S. Department of the Treasury's sanctions against Tornado Cash. The cryptocurrency mixer is a favored tool of North Korean crypto thieves, who use it to launder stolen funds.
Two individuals exploited a flaw in an unaudited smart contract deployed by Rug Pull Finder, a web3 security company that offers smart contract audits to blockchain companies. They scooped up 450 non-fungible tokens from the "Bad Guys" collection, whose theme is bad guys stealing NFTs.
Ethereum is offering up to $1 million bounty to white hat hackers who identify merge-related critical vulnerabilities on its blockchain. The four-fold increase in reward will be applicable between Wednesday and Sept. 8. The merge is set to be completed by Sept. 20
Cryptocurrency trading platform Coinbase faces a proposed class action from a user who says poor security led to the theft of $200,000 from his account. Attempts by plaintiff Manish Aggarwal to contact the company turned into a fight with an "impenetrable automated 'customer service' process."
A newly disclosed probe shows the Federal Trade Commission is investigating operators of BitMart, a cryptocurrency platform that lost $200 million of investor funds in one of the biggest crypto cyberattacks of 2021. The agency is scrutinizing the companies to see if they misled consumers.
The hackers who stole $190 million from cross-chain bridge Nomad stand to keep up to 10% of the loot and escape civil liability and criminal prosecution. The only caveat: They must return the rest of the money. Then, the firm says, it will label them as white hats and won't pursue legal action.
Solana identified a common thread in the million-dollar cyberattack on its hot wallets. The exploit might come down to wallet recovery passcodes stored in plaintext on a centralized server. There is "no evidence" that the Solana protocol or its cryptography were compromised.
Multiple individuals returned a total of $11.4 million of the $190 million worth of cryptocurrency drained from cross-chain bridge Nomad on Wednesday, blockchain security firm PeckShield tells ISMG. Three cryptocurrency wallets currently hold $95 million of the stolen funds, it says.
Hackers are using an unknown exploit to draw down internet-connected wallets on the Solana blockchain. So far, thieves have made off with about $8 million worth of cryptocurrency, predominantly from mobile wallet users of Phantom and Slope. Solana is working to identify the root cause.
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