by Giorgi Kostiuk
2 years ago
The first quarter of 2024 witnessed a significant financial loss of over $502 million due to 223 onchain security incidents, as per CertiK's latest "Hack3d" security report. Out of this amount, private key compromises accounted for $239 million, which was more than half of the total losses recorded during this period.
Suggestions put forth by CertiK co-founder Ronghui Gu include the adoption of multisig wallets and multiparty computation within the community to strengthen security measures.
Ledger's Donjon security research team disclosed a vulnerability in MediaTek-powered Android smartphones that could allow attackers to extract sensitive information from crypto wallets.
A vulnerability in MediaTek processors allows attackers to extract encrypted user data from certain Android smartphones in under a minute.
The SEC has announced a settlement with crypto entrepreneur Justin Sun, requiring him to pay $10 million for violating securities laws.
Solana has increased its stablecoin transaction volume, surpassing Ethereum last month with $66.064 billion compared to Ethereum's $54.882 billion.
Solana has surpassed Ethereum in the number of real-world asset holders, reaching 157,112 compared to Ethereum's 153,592.
The political environment surrounding crypto legislation is becoming increasingly complicated, with banks leveraging their influence against digital asset firms.
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