Crypto Security
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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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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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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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Why DevSecOps is Essential for the Blockchain Ecosystem
In recent years, many organizations have adopted more modern development practices, including Agile, Scrum, and DevOps. The goal of these new processes is to improve the pace and efficiency of development by streamlining the development process and using automation whenever…
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What the $534M Coincheck Hack Taught Us All About Safe Storage of Digital Assets
The biggest crypto heist in history at the time it occurred in 2018 was an eye-opener for many reasons, not least of which for the way the stolen assets were being stored. Seasoned crypto enthusiasts and early adopters of the…
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Security Threats to Blockchain Networks – 6 – Wallet Attacks
Wallet Attacks: A Deep-dive Wallets are a logical target for cyber-attacks, along with the emerging institutions that hold custody of them on users’ behalf. While secured with technically unbreakable code, hackers have found numerous ways to gain illicit access to…
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What the Biggest Blockchain Game’s Hack Reveals about the Future of Crypto Adoption
Axie Infinity’s Ronin Bridge Hack for $551M worth of crypto assets could paradoxically lead to higher rates of blockchain adoption by showing that it’s a lot easier to track stolen cryptocurrency than people think. The popular misconception that cryptocurrencies are…
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Security Threats to Blockchain Networks – 5 – Consensus Attacks
Consensus Attacks: A Deep-dive Where centralized systems operate on the basis of centralized permission, blockchain protocols proceed on the basis of decentralized consensus. While this is more secure in theory, the system is not flawless. All blockchains are susceptible to…
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Security Threats to Blockchain Networks – 4 – Network Attacks
Network Attacks: A Deep-dive Network attacks are a class of exploits that focus on the isolation and manipulation of individual nodes or groups of nodes. While blockchain networks are theoretically robust against such attempts, both hackers and academics have found…
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Security Threats to Blockchain Networks – 3 – Smart Contracts
Smart Contract Risk and How to Mitigate It: A Deep-dive The strengths of smart contracts are also the source of its weaknesses, and will always present opportunities for hackers to exploit. So far, the pace of innovation in counter-measures is…
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Diving into the $320M Wormhole Bridge Hack
The full story behind the exploit that led to the fraudulent minting of 120,000 wETH and threatened to crash Solana. Early February of 2022 was a low-point for the cryptocurrency asset class; one of many more to come throughout the…
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Security Threats to Blockchain Networks – 2 – A Holistic Overview
The utopian view of the blockchain as an unhackable alternative to the status quo is a pipedream. Many traditional cyberattacks are effective in a blockchain-based setting, and even cryptographically-secured processes are prone to errors and exploits. Understanding the potential attack…
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Security Threats to Blockchain Networks – 1 – Cyber Attacks Taxonomy
Cyber-Attack Strategies in the Blockchain Era – A Framework for Categorizing the Emerging Threats to the Crypto Economy Market attacks Rely on the mass-manipulation of investors through asymmetric information Pump-and-dump Parties conspire to artificially inflate (pump) the price of an…
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Tracing Private Cryptocurrencies
Many believe total anonymity is possible using privacy enhanced cryptocurrencies. It might not always be the case. Are popular cryptocurrencies like Bitcoin and Ethereum private? Absolutely not. There are privacy enhancing tools and techniques that can be used to obscure…
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The 5 Most Common Crypto Scams and How to Avoid Them
The DeFi revolution presents new risks and challenges for innovators, regulators, cybersecurity experts and early adopters of the powerful technology. These are the top 5. “Where money goes, crime is never far behind.” In our new digital world this age-old…
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