Tag: ethereum
Blockchains lose $1.8 billion to cybercrime
Web 3.0, the blockchain version of the traditional internet that hosts decentralized blockchain crypto-currencies, lost over US$1.8 billion in 2023 to cybercrime. Newly released findings from cybersecurity firm Certik’s latest Hack3D Annual Report cast a pall over the US Securities and Exchange Commission (SEC)’s much-anticipated approval of up to a dozen Bitcoin ETFs (exchange-traded funds) on Wednesday. It will also cast a long shadow over the hoped-for institutional acceptance of crypto-currencies by influential financial entities, including Swift, the Hong Kong Monetary Authority, and the Australia and New Zealand Banking Group (ANZ). In the second half of last year, the SEC scrutinized a series of proposals, notably extending review periods for Bitcoin ETF applications from major firms like BlackRock, ARK, and Fidelity.
$80M in Crypto Stolen from Orbit Chain Cyberattack – January 3rd
Orbit Chain revealed to its users that as a result of a cyber attack, $84.5M worth of Ethereum and DAI (cryptocurrencies) were illicitly transferred to seven wallet addresses on the 1st of January. Orbit Chain is now coordinating with the Korean National Police Agency and the Korea Internet & Security Agency (KISA) to find the threat actors behind the cyber attacks, and to further protect its customers' crypto wallets.
EU and Ukraine Partner to Boost Cybersecurity – November 14th
The European Union Agency for Cybersecurity (ENISA) signed a Working Agreement with Ukraine’s Administration of the State Service of Special Communications and Information Protection of Ukraine (SSSCIP) to boost cybersecurity efforts. The Working Agreement signed by ENISA and SSSCIP will focus on the EU supporting Ukraine in its efforts to protect itself from geopolitically-fueled cyber attacks from Russian threat actors through improving critical infrastructure, cybersecurity skills, and capacity building.
North Korea steals $40m in cryptocurrency in one day
On Tuesday (August 22), the FBI announced that cybercrime groups directly linked to the North Korean government had stolen $40 million worth of cryptocurrency in a single day. The heist is said to be the work of TraderTraitor-affiliated actors (also known as Lazarus Group and APT38).