Given the attacker's holdings of TORN governance tokens, the proposal looks as though it will pass when voting closes on May 26, though it's unclear when the action will be executed. When the proposal passes, the malicious code that the attacker integrated into the protocol, which allowed them to steal AttackAttackerCashsProposalSubmitsTokenTORNTornadoUndo Read More
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Swiss-based firm Aragon Association has abandoned plans to grant voting rights to native Aragon (ANT) token holders over various aspects of the organization’s operation, including its $200 million treasury.
The latest development has significantly impacted the DAO-centric AntAragonAttackDAOHoldersPullsrepurposesrightsVoting Read More
Aragon, an open-source framework designed to launch decentralized autonomous organizations (DAOs), has pulled plans for its native Aragon (ANT) token holders to be given voting rights over the future direction of the organization.The Aragon Association, a Switzerland-based organization that oversees the management of Aragon said in a May 9 tweet AragonArcasAttackDefensiveLaunchesMeasures Read More
“I think the people from the [Ethereum] Foundation were not happy with what was going on at the DAO, even prior to the hack,” says Igor. “Because they thought it was way too early. And that was one of the main reasons for the rollback – it was very early.” 60mAttackCryptoEthereumHistoryShaped Read More
A sudden spike in Bitcoin (BTC) transaction fees and unconfirmed transactions sparked concern on Crypto Twitter over the weekend of a potential Denial of Service (DoS) “attack” on the network. Some Bitcoin analysts and commentators have been quick to allay these fears from their respective followers.Bitcoin average transaction fees are currently AllayAttackBitcoinBTCcryptoexchangeDoSExchangesFearsMaxisOffensive Read More
While it’s unlikely for cryptocurrency users to become victims of dusting episodes, they should still take a few steps to protect themselves against such crypto attacks. Due to increasingly high transaction fees, especially on the Bitcoin blockchain, it’s become more expensive for a hacker to launch a crypto dusting AttackAvoidCryptoDusting Read More
A supply chain attack installed a backdoor in computers around the world but has only been deployed in fewer than ten computers, cybersecurity company Kaspersky has reported. The deployments showed a particular interest in cyptocurrency companies, it added. Cybersecurity company Crowdstrike reported on March 29 that it has identified malicious activity AttackchaincompaniesCryptoKasperskyMassiveNumberSmallSupplyTargeting Read More
A large portion of the roughly $573,000 pilfered from the multichain token bridge Allbridge has been returned after the exploiter seemingly took up the project’s offer for a white hat bounty and no legal retaliation. Allbridge tweeted on April 3 that it received a message from an individual and 1,500 BNB 573KAllbridgeAttackExploiterReturnsStolen Read More
A growing coordinated attack against bitcoin (BTC) and the wider cryptocurrency industry has recently intensified, with U.S. Senator Elizabeth Warren (D-Mass.) expressing hostility towards digital assets.
Key stakeholders in the industry, however, have been inadvertently providing ammunition to detractors by engaging in activities that raise ethical and legal concerns.
Crypto growing AttackBitcoinCoordinatedCryptoKnocksSenatorWarren Read More
The attacker behind a $573,000 exploit on the multi-chain token bridge, Allbridge, has been offered a chance by the firm to come forward as a white hat and claim a bounty.Blockchain security firm Peckshield first identified the attack on April 1, warning Allbridge in a tweet that its BNB Chain 570KAllbridgeAttackBountyExploiterflashloanOffersStole Read More