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Avalanche Core wallet gets Blockaid security integration

The security integration uses Blockaid’s threats database to screen for increasingly sophisticated phishing scams and exploits impacting Web3 users.

Avalanche and Blockaid have announced a partnership to integrate Blockaid’s security features directly into Avalanche’s Core wallet, the blockchain network’s native wallet.

The security upgrade aims to thwart the increasingly sophisticated phishing scams and hacks plaguing decentralized finance by prescreening transactions against Blockaid’s database of known malicious threats and then alerting the user to the threat before the transaction is actually signed and posted. This type of security feature is known as transaction simulation.

Blockaid claims that its security apparatus has helped to repel 1.3 million attacks and is currently used to safeguard products offered by OpenSea, MetaMask, Zerion, Coinbase and Rainbow.

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US Navy launches ‘PARANOID’ blockchain security tech to private sector

The government seeks a collaboration to research and develop the technology further.

The United States Navy is seeking private sector partners for a cooperative research and development agreement (CRADA) to help advance its proprietary “PARANOID” blockchain technology. 

PARANOID (Powerful Authentication Regime Applicable to Naval Operational Flight Program Integrated Development) is a blockchain-based system for securing software against cyberattacks during development and deployment.

The Naval Air Warfare Center’s Aircraft Division (NAWCAD) at Lakehurst, New Jersey, invented and developed PARANOID to secure avionics software for the U.S. Navy but soon thereafter realized its applicability to any software development endeavor wherein security is a factor.

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Security-Focused Crypto ISAC Debuts With Founding Members Including Coinbase, Kraken, Circle

Security-Focused Crypto ISAC Debuts With Founding Members Including Coinbase, Kraken, CircleThe Crypto ISAC (Information Sharing and Analysis Center) launches on Wednesday as a 501(c)(6) not-for-profit association dedicated to bolstering security within the cryptocurrency ecosystem. Its founding members include Aleo, Circle, Coinbase, Consensys, Evertas, Fireblocks, Hedera, Kraken, Offchain Labs, Red Balloon Security, Ribbit Capital, Solana Foundation, and Trail of Bits. Its mission is to foster collaboration […]

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CertiK discovered $5M security flaw in Wormhole bridge on Aptos

A flaw in the bridge could have allowed an attacker to produce fake token transfers, but it was discovered and patched before anyone could take advantage of it.

A security flaw in the Wormhole bridge on Aptos network could have resulted in $5 million worth of losses had it not been discovered, according to a social media post from blockchain security platform CertiK. The platform claimed to have discovered the bug and reported it to the Wormhole team before it could be expl. The flaw has been patched, and the bridge is no longer vulnerable.

Aptos is a blockchain network that uses the MOVE programming language, which was originally developed by Facebook for the Libra project. Supporters of MOVE claim that it is a safer language to write smart contracts when compared to Ethereum’s Solidity or other alternatives.

The CertiK report was posted in the form of a video. It claimed the flaw “arose from an incorrect implementation of the ‘public(friend)’ and ‘entry’ modifiers in the MOVE programming language.” The ‘public(friend)’ modifier allows a function to be called by other functions within the same module or by external accounts specified on a “friends list,” but not by other callers. On the other hand, the ‘entry’ modifier specifies that a function can be called by any external account.

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279 Crypto Accounts Forfeited to US Government in North Korean Laundering Crackdown

279 Crypto Accounts Forfeited to US Government in North Korean Laundering CrackdownThe U.S. District Court for the District of Columbia has ordered the forfeiture of 279 cryptocurrency accounts containing funds linked to alleged hacks of crypto exchanges by North Korean operatives. This measure is a component of a broader U.S. effort aimed at dismantling cyber operations that finance North Korea’s nuclear and missile initiatives. The decision […]

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Interpol Nigeria boosts cybersecurity with virtual asset training

The training will enable officers to effectively address cybercrimes involving virtual assets, particularly stablecoins.

The Nigerian Interpol, cybersecurity experts, and other members of the local intelligence community met to brainstorm ways to tackle the rising waves of cybercrime in the country.

The brainstorming, which took place in the nation’s capital, Abuja, under the training platform organized by A&D Forensics in partnership with the Africa Stablecoin Consortium, was said to have been designed to position the Nigerian Interpol on how to mitigate crimes involving virtual assets, particularly stablecoins.

According to blockchain specialist Chioma Onyekelu, the training session aimed to empower Interpol agents with the skills to leverage blockchain intelligence and analysis in tracing and prosecuting cybercriminals involved in cryptocurrency transactions, specifically those using Bitcoin and stablecoins.

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Bugs in Gains Network fork let traders profit 900% on every trade: Report

An attacker could have placed a limit buy order with an arbitrarily high open price to automatically win every trade, the Zellic security platform discovered.

Two different bugs in a fork of the Gains Network leveraged trading protocol could have allowed traders to profit 900% on every trade, regardless of the price of the token traded, according to an April 19 report from blockchain security firm Zellic. One of the bugs existed in a previous version of Gains but was later patched. The other was only found in a fork of the protocol. 

According to Zellic, its staff informed the developers of Gains forks Gambit Trade, Holdstation Exchange, and Krav Trade of the vulnerability, and these development teams have ensured their protocols do not contain such two flaws. However, other Gains forks may still be vulnerable, Zellic warned.

According to its official website, Gains Network is an ecosystem of decentralized finance (DeFi) products on Polygon and Arbitrum. The official name for its leveraged trading app is “gTrade.” It has facilitated over $25 billion in derivatives volume since its inception in May 2023, according to blockchain analytics platform DefiLlama.

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QANplatform launches world’s first quantum-resistant, EVM-compatible testnet

Quantum computers will be able to crack today’s main cryptographic algorithms employed by the whole internet, including banking applications, email providers, and social media platforms.

QANplatform launched the world’s first quantum-resistant blockchain testnet compatible with the Ethereum Virtual Machine (EVM), enabling the development of quantum-resistant smart contracts.

The new testnet will enable developers to write smart contracts using any programming language, according to QANplatform’s announcement shared with Cointelegraph.

This marks the first EVM-compatible testnet with quantum-resistant cybersecurity, according to Johann Polecsak, co-founder and CTO of QANplatform, who told Cointelegraph:

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Paolo Ardoino Dismisses Rumors That Bitfinex Suffered Database Breach Last Month

Paolo Ardoino Dismisses Rumors That Bitfinex Suffered Database Breach Last Month

Bitfinex chief technology officer Paolo Ardoino is rejecting rumors that the crypto exchange was a victim of a database exploit last month. Ardoino, who also serves as Tether’s chief executive, says on the social media platform X that the database breach appears fake and that users’ funds are safe. According to Ardoino, the details of the […]

The post Paolo Ardoino Dismisses Rumors That Bitfinex Suffered Database Breach Last Month appeared first on The Daily Hodl.

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New Phishing Scams on Solana (SOL) Have Stolen Over $4,000,000 in Crypto Assets: Security Firm

New Phishing Scams on Solana (SOL) Have Stolen Over ,000,000 in Crypto Assets: Security Firm

New data from a cybersecurity firm reveals that recent phishing scams over smart contract platform Solana (SOL) have stolen over $4 million in crypto assets. In a new blog post, security firm Scam Sniffer says that in the past month alone, bad actors were able to exploit $4.17 million worth of digital assets from about […]

The post New Phishing Scams on Solana (SOL) Have Stolen Over $4,000,000 in Crypto Assets: Security Firm appeared first on The Daily Hodl.

UBS Stays Bullish on Gold for 2025 as Central Banks Fuel Demand Surge