The headline value changes but it comes down to, a lot of money was stolen. North Korean hackers target gamers in $615m crypto heist – US – BBC News US agency attributes $540 million Ronin hack to North Korean APT group – The Record by Recorded Future US Government offers …
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This post was originally made on 30 March 2022 web3 (with a lowercase “w” of course) and its use of blockchain for better cybersecurity seems like a good idea.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 …
Continue reading “The blockchain is not the end of the security process – UPDATED”
