Kronos Research Halts Operations After Losing $26 Million In Security Breach
Kronos Research, a Taipei-based market maker, trading firm, and venture capital fund, witnessed the withdrawal of significant amounts of crypto assets due
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Security
Kronos Trading Firm suffers security breach, losses $25m
Taiwan-based trading firm Kronos Research recently suffered a major security breach, leading to estimated losses of $25 million. According to the company, the security breach involved the unauthorized access of API keys, leading to a loss of around 13,007 ETH, valued at $25 million at the time. Kronos disclosed the incident
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Solana hoses down ‘inaccurate’ CertiK report on Saga phone security flaws
A recent video from blockchain security firm CertiK made a series of “inaccurate” claims about a potential security vulnerability in Solana’s crypto-enabled Saga phone, Solana Labs has said. In a Nov. 15 post on X (formerly Twitter), CertiK claimed the Saga phone contained a “critical vulnerability” known as a “bootloader unlock”
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CertiK reports a critical security vulnerability in Solana’s Saga phone
Security platform CertiK has released a video demonstrating a critical vulnerability exploit on Solana’s flagship Saga phone. Blockchain security platform CertiK claimed that the Solana Saga phone has a major vulnerability that could allow hackers to create a backdoor into its software and compromise the device. Certik posted a minute-long video
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Raft halts stablecoin minting following security breach
The defi platform Raft has temporarily suspended the minting of its R stablecoin due to a security vulnerability that resulted in a substantial loss. The company is currently investigating the incident and has promised to keep its users updated. Existing users, however, can continue with loan repayments and collateral retrieval. We are
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Cathay Securities debuts Taiwan’s first security token offering platform
Cathay Securities announced that it has obtained regulatory approval to launch Taiwan’s first Security Token Offering business. Taiwan’s financial sector, Cathay Securities has become the island’s first brokerage firm authorized by the Financial Supervisory Commission to launch a Security Token Offering (STO) business. This pioneering move allows the brokerage to issue
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Aave DAO to consider security patches after Nov. 4 market freeze
A coalition of Aave contributors and web3 developers put forth a proposal to address vulnerabilities discovered in two versions of defi’s largest lending protocol which prompted a halt on select markets. The proposal from BGD Labs suggested changes to Aave’s v2 deployment on Ethereum and Aave v3 on Arbitrum, Avalanche, Optimism,
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Coinbase beefs up its global advisory council with 4 national security experts
Coinbase has expanded its Global Advisory Council with four national security experts, it announced on Nov. 7. The new members will help the cryptocurrency exchange assess the impact of regulatory uncertainty in the United States.The Coinbase council will take on a decidedly more strategic tone with the new members. Mark
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COIN Adds 4 National Security Experts to Its Global Advisory Council
“With deep national security expertise, Esper, Murphy, Townsend, and Urban will help the Council examine what consequences will result from regulatory uncertainty for crypto in the United States, including the long-term economic and national security impacts,” Coinbase said. Original Source
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If PayPal’s Stablecoin Is a Security, Anything Could Be
To many observers, this latest “Well’s Notice,” which typically precedes but doesn’t always lead to an official lawsuit, reeks of the SEC “picking winners” in the emergent world of crypto. In a sub-sector dominated by crypto natives, PayPal was the first major fintech to launch a stablecoin, followed shortly after
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