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Crypto Security
How the Big Binance Bridge Hack Will Change the way People View Web3
$566M worth of BNB was stolen from Binance’s cross-chain bridge BSC Token Hub, but how they responded to the hack will be the most memorable part. Decentralization is a hot button topic in web3, and Binance is (at the time…
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Crypto Security
How a $1B Flash Loan Led to the $182M Beanstalk Farms Exploit
Understanding how flash loans and governance work in DeFi to demystify the Beanstalk Farms Hack The only way to understand how the Beanstalk Farms decentralized credit-based stablecoin protocol exploit happened is to first understand flash loans, which are a little…
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Crypto Security
The Top 4 Supply Chain Security Risks of Blockchain Smart Contracts
Code reuse is considered best practice in software engineering. Reusing high-quality, secure code can speed development processes and often results in higher-quality code than software developed entirely from scratch. Additionally, the reuse of high-quality, audited libraries reduces security risks by…
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Crypto Security
How the Nomad Bridge Hack can Help Us Explore the Potential Downsides of Decentralization
One attacker and hundreds of copycats looted the Nomad bridge for over $190 million; few did the right thing. Decentralization is a hot-button topic in 2022. To some, it seems like the solution to a variety of issues plaguing the…
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Crypto Security
Introduction to Zero-Knowledge Proofs
Proving knowledge of a secret is the basis of password-based authentication systems. The assumption is that only you know your password. If this is the case, entering your password into a system proves your identity and grants you access to…
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Crypto Security
How Crypto’s Biggest Hacker was Found but Never Identified
The $611M Poly Network exploit is the largest crypto hack to date in terms of mark-to-market value and all the stolen funds were returned, but the identity of the hacker is still unknown. Dubbed “Mr. White Hat” by the Poly…
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Crypto Security
The $160M Wintermute Hack: Inside Job or Profanity Bug?
Getting to the bottom of the exploit that led to one of the biggest hacks in the history of decentralized finance. In order to understand the $160M Wintermute hack, we first need to understand algorithmic market makers and how they…
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Policy & Sovereignty
NSA Unveils CNSA 2.0 Post-Quantum Algorithm Suite
The U.S. National Security Agency (NSA) has officially announced the release of the Commercial National Security Algorithm Suite 2.0 (CNSA 2.0), a new set of cryptographic standards designed to protect sensitive systems against future quantum-enabled cyber threats. The NSA’s cybersecurity…
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Crypto Security
Introduction to Blockchain Layers 0, 1, and 2 Security
What Are Blockchains Layers 0, 1, and 2? A blockchain is a complex, multi-layered system. Bitcoin, the original blockchain, maintained a distributed and decentralized digital ledger on top of a peer-to-peer network. Later blockchains, like Ethereum, added complexity by integrating…
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Post-Quantum, PQC, Quantum Security
Mitigating Quantum Threats Beyond PQC
The article explores limitations of PQC and explores alternative and complementary approaches to mitigate quantum risks. It provides technical analysis of each strategy, real-world examples of their deployment, and strategic recommendations for decision-makers. The goal is to illuminate why a…
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Post-Quantum, PQC, Quantum Security
Introduction to Crypto-Agility
As we edge closer to the Q-Day—the anticipated moment when quantum computers will be capable of breaking traditional cryptographic systems—the need for crypto-agility becomes increasingly critical. Crypto-agility is the capability of an organization to swiftly and efficiently transition between different…
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Research
Silicon’s First Attempts at Self-Repair: Phase-Flip Error Correction Demonstrated in Semiconductor Spin Qubits
25 Aug 2022 - Seven months ago, three teams simultaneously proved that silicon spin qubits could operate above the fault-tolerance threshold — the quality of individual gates good enough, in principle, for error correction to work. That was the prerequisite.…
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AI Security
Perturbation Attacks in Text Classification Models
Text Classification Models are critical in a number of cybersecurity controls, particularly in mitigating risks associated with phishing emails and spam. However, the emergence of sophisticated perturbation attacks poses substantial threats, manipulating models into erroneous classifications and exposing inherent vulnerabilities.…
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Industry
CHIPS and Science Act of 2022 Signed: A Quantum Leap for U.S. Tech
President Joe Biden signed the CHIPS and Science Act (H.R. 4346, Public Law 117-167) into law on August 9, 2022 - a historic $280 billion package aimed at boosting U.S. high-tech manufacturing and research. While best known for providing $52 billion to…
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Crypto Security
Trying to Solve the Mysterious $200M BitMart Hack
A missing pile of Safemoon and other cryptocurrencies, accusations of broken promises, and then nothing. When a high-profile cyber attack takes place and hundreds of millions of dollars are lost, usually a healthy balance is struck between safeguarding information to…
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