The attack was on the code Inverse Finance was using for its smart contracts. More than $15 million stolen after hackers exploit DeFi platform Inverse Finance – The Record by Recorded Future Now we have “ice phishing” on the shiny new web3 – Smart Thinking Solutions
Now we have “ice phishing” on the shiny new web3
What is ice phishing? Here is what Microsoft has to say about it: ” ‘ice phishing’… …doesn’t involve stealing one’s private keys. Rather, it entails tricking a user into signing a transaction that delegates approval of the user’s tokens to the attacker. This is a common type of transaction that enables …
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The future of society is smart contracts on a blockchain
The future of cyber crime is smart contracts on a blockchain with software bugs! Dan Goodin has an article explaining how a bug (flaw) in the code for drafting a blockchain smart contract, by MonoX Finance, allowed a hacker to steal $31million from them. Really stupid “smart contract” bug let …
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Crypto-currency is illegal!
A couple of years back when I was studying for my cyber security MSc, China and Iceland were two of the countries where the highest amount bitcoin crypto-currency mining was being carried out. As discussed elsewhere this level of activity has serious implications for energy consumption and the production of …
The blockchain is polluting the planet – YouTube lecture on changing the world with smart contracts
There is an article on the BBC technology news site discussing the e-waste resulting from the mining of bitcoins: Bitcoin mining producing tonnes of waste – BBC News At the heart of this e-waste generation is blockchain technology – a very secure method of holding information across a distributed system. …
