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Artificial intelligence is fundamentally changing the economics of cryptocurrency security, making cyberattacks faster and more affordable than ever before, according to Charles Guillemet, chief technology officer at hardware wallet provider Ledger. The warning comes as the crypto industry grapples with unprecedented theft levels, with over $1.4 billion in assets stolen or lost through hacks and…
Flow blockchain abandoned its controversial plan to roll back transaction history after a $3.9 million exploit on December 27, reversing course following fierce backlash from ecosystem partners. The network instead implemented a targeted recovery that preserves legitimate transactions while addressing counterfeit assets created through a sophisticated three-part type confusion attack. The attacker exploited vulnerabilities in…
The Federal Trade Commission announced Tuesday it reached a proposed settlement with Illusory Systems Inc., operator of the Nomad cryptocurrency bridge, over a 2022 hack that drained $186 million from the platform. The settlement requires the company to return recovered funds, overhaul its security program, and undergo biennial audits after regulators found it marketed itself…
A thief disguised as a delivery driver stole $11 million in cryptocurrency from a San Francisco homeowner Saturday morning after pulling a gun, binding the victim with duct tape, and forcing him to hand over his wallet credentials. The attack adds to what security researchers are calling a record year for physical violence targeting crypto…
