Proof of Reserve vs. Proof of Liability vs. Proof of Solvency
Recent events like the FTX meltdown have sparked interest and conversations about how the incident could have been prevented. In the case of FTX,...
$31 Million Hack of Meerkat Finance
On March 4, 2021 Binance Smart Chain-based yield farming protocol Meerkat Finance lost $31 million in user funds - just one day after launching...
How Blockchain Security Differs From Traditional Cybersecurity – 3 – User...
This article is the third in a four-part series exploring the differences between traditional IT security and blockchain security. Check out the first two...
How the Nomad Bridge Hack can Help Us Explore the Potential...
One attacker and hundreds of copycats looted the Nomad bridge for over $190 million; few did the right thing.
Decentralization is a hot-button topic in...
The Quantum Computing Threat
Recently, in the science journal Nature, Google claimed ‘quantum supremacy’ saying that its quantum computer is the first to perform a calculation that would...
Security Threats to Blockchain Networks – 5 – Consensus Attacks
Consensus Attacks: A Deep-dive
Where centralized systems operate on the basis of centralized permission, blockchain protocols proceed on the basis of decentralized consensus. While this...
Cybersecurity of Blockchain & Blockchain for Cybersecurity
You may have heard, over the last year or two, about the new technological miracle that is the blockchain. It seems that every banker,...
Binance Has a $1B Hack Insurance
Binance Has a $1B War Chest for Hack Protection. Amid a flurry of multi-million dollar cryptocurrency exchange hacks, Binance has allocated $1 billion to...
Qubit Finance Hacked for $80 Million
Qubit Finance, a major decentralized digital finance platform, was hacked for $80 million in cryptocurrency. The largest crypto-hack so far this year was initially...
What the Biggest Blockchain Game’s Hack Reveals about the Future of...
Axie Infinity’s Ronin Bridge Hack for $551M worth of crypto assets could paradoxically lead to higher rates of blockchain adoption by showing that it’s...
Security Threats to Blockchain Networks – 6 – Wallet Attacks
Wallet Attacks: A Deep-dive
Wallets are a logical target for cyber-attacks, along with the emerging institutions that hold custody of them on users’ behalf. While...
Potential $600M FTX Hack
In the midst of the FTX meltdown, the once 2nd largest exchange appears to also be facing one of the largest crypto hacks of...
How Blockchain Security Differs From Traditional Cybersecurity – 4 – Security...
This article concludes our four-part series on the basic differences between traditional IT security and blockchain security. Previous articles discussed the security differences critical...
How the Big Binance Bridge Hack Will Change the way People...
$566M worth of BNB was stolen from Binance’s cross-chain bridge BSC Token Hub, but how they responded to the hack will be the most...
How a $1B Flash Loan Led to the $182M Beanstalk Farms...
Understanding how flash loans and governance work in DeFi to demystify the Beanstalk Farms Hack
The only way to understand how the Beanstalk Farms decentralized...
