ChainLight’s Post

🔐 A $20M hack has hit SonneFinance, highlighting the critical need for robust security in DeFi. CyVers 》Proactive Web3 Security is on the case, ensuring such vulnerabilities are mitigated. More details here: https://lnkd.in/dHC8VVyC #DeFiSecurity #CryptoNews #Web3Security

The North Korean cybercriminal group known as Lazarus has executed a series of highly effective thefts, pilfering nearly $300 million in #cryptocurrencies in five recent attacks on various platforms. Their most recent heist targeted the CoinEx exchange on September 12, followed by an attack on Remitano. In total, Lazarus has absconded with approximately $292 million in three months. The attacks primarily focused on centralized exchanges, with an emphasis on social engineering due to the higher number of employees compared to decentralized exchanges. Overall, it is estimated that Lazarus has stolen over $2.7 billion in cryptocurrencies since 2009. This underscores the critical importance of security and the tools necessary to contain such attacks, ensuring users the #security they deserve.

Wether you are a trader or financial institution, for your algo trading journey to become a success, Security Measures are important. 👈 We understand the importance of safety, implementing encryption protocols, secure data storage, and user authentication mechanisms to safeguard sensitive information. ⚡️ Specially in #crypto it is our priority to exploit security vulnerabilities, making it crucial to address potential threats proactively. 👈 Dive into our algorithmic trading strategies 🤖 https://lnkd.in/dNEbYDhA We support institutions making better and safer decisions: [email protected] #Bitcoin #algotrading

Some hackers buy yacht while other ….. It is amazing see the effectiveness of North Korea Lazarus group against the crypto market. Just in the last couple of months : 55 M from CoinEx 41 M from Stake 65 M from Alphapo 37 M from CoinsPaid 100 M from Atomic Wallet This money goes back to fund North Korea activits. https://lnkd.in/dSbFgFCe Lazarus is the most active group we are seeing utilizing software supply attacks in 2023 so together with our colleagues in the crypto security research we are working together sharing information. The latest SCAR (Supply Chain Attack Research)meeting focused on that. If you want to join or get some of the information shared DM me. Working together to keep the world safe.

With ARC , you can avoid becoming a victim of exploits like the KyberSwap hack. Ensure 24/7 wallet security by subscribing at helloarc.ai/dapp. • Dive into the details of the KyberSwap November 2023 hack. • Discover how an #ARCaudit might prevent future multi-million dollar losses. • Grasp the importance of ironclad security in DeFi and why $ARC leads the charge in safeguarding your digital assets.

Over the past nine months, the crypto space has witnessed staggering losses exceeding one billion dollars due to exploits and scams. These incidents not only harm existing users but also hinder the broader adoption of cryptocurrencies. Embracing heightened security awareness is our best defence in these challenging times. Drop us a message for a free consultation. #BlockchainSecurity #BlockchainSecurityAudit #SmartContractAudit #ProtectYourAssets #StayVigilant

Cyber Alerts has announced the successful restoration of Multichain bridge trading after 117 days of inactivity. The successful recovery of cross-chain bridge transactions marks a significant step in rebuilding trust and stability within the ecosystem following a concerning platform incident. #Coinbay #Multichain

𝗧𝗵𝗲 𝗘𝘅𝗮𝗰𝘁𝗹𝘆 𝗣𝗿𝗼𝘁𝗼𝗰𝗼𝗹 𝗛𝗮𝗰𝗸: 𝗘𝘅𝗽𝗹𝗮𝗶𝗻𝗲𝗱 💡 This month, Optimism-based Exactly Protocol, was a victim of another hack where the attacker exploited a vulnerability in the protocol's contracts stealing over $7M from the project 🥷💰 How did the attack happen? 🤔 Read more in our latest blog 👇 https://lnkd.in/dSbuV2wa #DeFi #web3security #blockchainsecurity

🦆💼 DeFi protocol Platypus on AVAX platform vows to compensate hacking victims by classifying damage cases and allocating tokens, aiming to complete the refund process within the next week. #BitcoinWorld #CryptoSecurity 💰🔒