#security

The Attackathon aims to be the first crowdsourced security audit to identify vulnerabilities in Ethereum’s protocol code. This event will be conducted in collaboration with the security firm Immunefi.

The "Hack3D: The Web3 Security Report," published by CertiK, a security company, reveals that blockchain projects experienced 184 security incidents in the second quarter of 2024, resulting in losses totaling $688 million. This marks a 37% increase from the previous quarter.

Bittensor, a decentralized network for AI systems, has reported a hacking incident on July 2 that resulted in the theft of $8 million worth of TAO tokens.

Tools for Humanity (TFH), the developer of the Worldcoin project, has recruited four former leaders from top tech companies (Google, Apple, and X) to enhance data privacy and security. Damien Kieran, who previously managed privacy at X, will now take on a similar role at Worldcoin.

A U.S. court has permitted a new lawsuit against Ripple Labs and its CEO, Brad Garlinghouse, for alleged violations of securities law. The plaintiffs in the case accuse Garlinghouse of making misleading statements during a 2017 interview, which they argue qualifies the XRP token as a security.

Consensys has reported that the U.S. Securities and Exchange Commission (SEC) has concluded its investigation into Ethereum 2.0, deciding not to classify it as a security. This announcement follows the approval of Ethereum ETFs and comes just before the expected start of trading in July.

Data from security service provider Immunefi reveals that since the start of 2024, cryptocurrency projects have suffered $473 million in losses (108 incidents) from hacker attacks and rug pulls. Last month, the industry lost $52 million, a decrease of 20% from April 2024 and 12% from May of the previous year.

Normie, one of the largest meme coins on Base, has suffered a security breach. The project's developers quickly initiated negotiations with the responsible hacker.

Newly revealed documents from a Consensys lawsuit indicate that the SEC's committee approved an investigation named "Ethereum 2.0" in April 2023. According to Fox Business, these documents provide insights into the SEC's evolving views on Ethereum's classification as a security.

Lucky Uwakwe, Chairman of Nigeria’s Blockchain Industry Coordinating Committee (BICCoN), has called for the use of blockchain and artificial intelligence to preserve the languages of African tribes. He warned that community migrations due to security issues could lead to the extinction of many languages and dialects.

Wallet Guard, a browser-based app, identifies scams and malware in real time. ConsenSys is integrating this functionality into MetaMask.

Security company SlowMist has analyzed reports of stolen cryptocurrency assets for the second quarter of 2024, which were collected through the MistTrack platform. This analysis only considered hack reports submitted via the official form, identifying three primary attack methods: theft of private keys, the use of fake crypto wallets, and phishing.

The Linux Foundation, a non-profit organization, is set to launch the LF Decentralized Trust (LFDT). This new platform aims to foster the development of open-source decentralized technologies across a range of sectors, including security, scalability, and finance.

According to the company's report, on June 5, the team identified several critical vulnerabilities in Kraken's security system, which could have led to significant financial losses.

A vulnerability in WhatsApp Messenger allows fraudulent groups or government organizations to track who users are messaging and their approximate locations, though the messages themselves remain encrypted. This was disclosed by developers in an internal security report.

CiberInteligenciaSV, the hacking group behind the security breach of El Salvador's state-run Bitcoin wallet Chivo, has started leaking portions of the app's source code. They had already disclosed the personal information of almost all adult users in El Salvador (5.1 million people) who downloaded the wallet.