The cryptocurrency arena has faced yet another challenge to its integrity with the recent scandal involving the Gemholic project. Operating on the zkSync network, the project is suspected of conducting a ‘rug pull’, leaving investors with a staggering loss of $3.5 million. This type of scam involves project developers abruptly withdrawing funds and vanishing, often taking down any related social
In the shadowy corners of the digital realm, where cybercriminals operate beyond the law, a perplexing phenomenon is on the rise: hackers hacking hackers. A recent cybersecurity breach unveils a staggering anecdote where a ransomware group exploited another hacking entity’s infrastructure, turning the tables on the cybercriminals themselves. This incident underscores the complex, ever-shifting landscape of cyber threats – a
In a world where cyber threats evolve at an unfathomable pace, a cutting-edge approach is paramount to remain ahead in the cat-and-mouse game of cybersecurity. Enter Seven AI, a new Boston-based firm looking to overhaul how we combat cyber threats. Founded by Lior Div and Yonatan Striem-Amit, the masterminds who previously steered Cybereason to unicorn status, this new venture emerges
In the rapidly evolving blockchain landscape, the philosophical underpinnings of cryptocurrency development have sparked a vibrant debate within the Ethereum community. The crux of this debate centers around a fundamental question: Should the development of blockchain and cryptocurrencies lean towards capitalist incentives or integrate a wider social good? This conversation gained heat with pointed criticisms from Evgeny Gaevoy, CEO of
As the digital landscape continuously shifts, regulatory compliance remains a cornerstone for firms striving to merge the worlds of traditional finance and crypto-native sectors. Hex Trust, a stalwart custodian for digital assets, has taken a decisive leap in the Middle East by securing a new virtual asset service provider (VASP) license from Dubai’s Virtual Asset Regulatory Authority (VARA). Much more
In an era where digital innovation has become the norm, the introduction of Malaysia’s first digital asset fund marks a significant leap toward modern investing. Cross Light Capital, striking up a partnership with Affin Hwang Asset Management, has launched the Performa Digital Asset Fund, a bold initiative serving as a beacon for sophisticated investors looking to dive into the growing
The burgeoning world of non-fungible tokens (NFTs) is undergoing a seismic shift in South Korea, as the government sets its sights on a more regulated digital landscape. With the advent of the Virtual Asset User Protection Act, poised to take effect on July 19th, a new chapter is beginning for players in the NFT space. This legislative move is indicative
In the face of rising cyber threats, the UK has set a new standard for consumer connectable product security. This development is reshaping the landscape for smartphone manufacturers and highlighting the critical role of security updates. Tech giants like Apple, Google, and Samsung are responding to these changes, not only to comply with legal requirements but also to compete for
The blockchain revolution has ushered in an era of decentralized finance (DeFi), a groundbreaking shift that promises to democratize financial systems by eliminating intermediaries. However, with great innovation comes new challenges, particularly in the realm of security. Highly publicized vulnerabilities such as front running and sandwich attacks threaten to undermine the integrity and efficiency of DeFi platforms. These exploitative tactics
If you’re running an e-commerce site through WordPress and leveraging the WooCommerce Amazon Affiliates (WZone) plugin for revenue, an unnerving question looms: Is your site secure? With over 35,000 sales, WZone has enjoyed popularity among website owners and bloggers monetizing their sites through Amazon’s affiliate program. However, the recent revelation of serious security vulnerabilities by the team at Patchstack has
The digital landscape is ever-evolving, and with it, the threats to web security are becoming more advanced and harder to detect. Traditional browser isolation methods are becoming outdated and insufficient for tackling the modern web’s challenges. Enter Secure Browser Extensions, a technology poised to reinvent the approach to browser security. As we delve deeper into the realm of modern cybersecurity,
In the realm of cyber warfare, a new specter looms over Ukraine, casting a shadow of concern across its defense forces. The emergence of a cyber espionage campaign codenamed SickSync marks a chilling escalation in digital hostilities, with the pervasive SPECTR malware at its core. The campaign’s sophistication lies in the subterfuge of spear-phishing attacks, where attackers dispatch entrapments –
