It seems no one is really sure the status of the Conti Cyber Gang – except to say that they are still a threat, whatever they are doing. Conti’s blockchain plans: an ominous prospect | NCC Group Newsroom (mynewsdesk.com)
Blockchain security
Often it the online processes around blockchain and cyrpto-currencies that are exploited by the threat actors, not the blockchain itself – which remains secure. Following a year of research, a report by Trail of Bits, commissioned by the US Government Defense Advanced Research Projects Agency (DARPA) shows that the blockchain …
You get the idea that Bruce Schneier does not like cryptocurrencies
There have been a number of attacks on decentralized finance (DeFi) systems recently – and here is another. A hacker abused the smart contract system at Beanstalk Farms, a decentralized finance (DeFi) project and sent themselves $182 million. Clever Cryptocurrency Theft – Schneier on Security Beanstalk cryptocurrency project robbed after …
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Ronin Network bailed out – FOLLOW UP
Last month we covered the $625m theft from Ronin, using a web3/smart contract, exploit against the decentralised finance service (DeFi). Now the company (and it’s clients) have been bailed out by cash investment by cryptocurrency giant Binance. Ronin Network bailed out by crypto giant Binance after hack – BBC News
The blockchain is not the end of the security process – UPDATED
This post was originally made on 30 March 2022 web3 (with a lowercase “w” of course) and its use of blockchain for better cybersecurity seems like a good idea. However here is another “profitable” cyber-attack on the technology – exploiting the processes to get into the secure systems. Ethereum sidechain …
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