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Showing posts with the label security

From memes to biometrics: Reddit could soon require eye scans

World, the Sam Altman-owned iris scanning firm, is reportedly in talks with Reddit about introducing the eyeball-based World ID system on the social platform. As reported by Semafor, sources familiar with the dealings say that World ID may be coming to Reddit soon. This ID, when verified using someone’s eyeballs, supposedly certifies them as a “unique human.” World also goes by the name World Network and rebranded from Worldcoin last year. The tech firm recently inked partnerships with Tinder, Razor, and payments firm Visa and officially launched in the UK and US this year. Before its UK launch, World previously caught the attention of the country’s Information Commissioner’s Office (ICO) in 2023, which announced an inquiry into the firm . The ICO spokesperson has since told Protos that it has scrutinized World while “clearly setting out our expectations to ensure compliance.” They said World has made some changes since this engagement.  Over half of W...

RWA platform Zoth suffers second hack this month — loses $8.4M

Zoth, a real-world asset (RWA) restaking layer, has been hacked for $8.4 million of staked USD0++ after someone tampered with its proxy contract.  X user @0xtroll first spotted the exploit today. Blockchain security analyst Cyvers deduced that somebody using a suspicious address was able to tweak Zoth’s “USD0PPSubVaultUpgradeable” contract.  The hacker then withdrew $8.45 million worth of USD0++ before swapping it for DAI and back into ether (ETH), where 4,223 ETH (worth $8.29 million) currently sits. SlowMist Security Alert We have detected that @zothdotio has been exploited, likely due to a leakage of Admin privileges, resulting in the logic contract being tampered with and replaced by a malicious contract. Btw, thanks to @0xtroll for the shout-out. As always, stay… pic.twitter.com/nQfHPYT2OV — SlowMist (@SlowMist_Team) March 21, 2025 Read more: ‘AI’ crypto trading agent, aixbt, hacked for $100K Crypto analysts SlowMist also suggested that Zoth...

OneKey: How Can the Latest Mac Trojan Steal Your Crypto Wallet in 10 Seconds?

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It’s commonly said in the crypto world that Apple computers are safer than Windows systems, but nothing is completely secure. Recently, a video posted by SlowMist team member @im23pds sparked heated discussions. In the video, after a Mac installed a DMG package, the hacker’s server obtained various account permissions and wallet private key files from the computer in just ten seconds — completely compromising the system. This article will explain how the attack happened and provide three crucial recommendations you must know. How exactly does the attack happen? 1. Bypassed Apple’s Official Review It’s easy to guess that the attack begins with a typical phishing tactic: tricking the user into thinking they are installing legitimate software, when in fact, it’s a trojan virus. Windows faces similar risks. In most cases, installing software from the Apple Store is safe because Apple has a stringent review process. The system’s access is tightly restricted, minimizing the chance of malicio...

The Potential of Blockchain in E-Government Services

The Potential of Blockchain in E-Government Services! As digital transformation reshapes industries, the public sector is also exploring innovative solutions to modernize government operations. One such solution is blockchain technology, which offers significant potential to enhance transparency, security, and efficiency in e-government services. By integrating blockchain into various aspects of governance, countries can revolutionize how they manage data, handle transactions, and engage with citizens. What is Blockchain? At its core, blockchain is a decentralized, tamper-resistant digital ledger that records transactions across a network of computers. This technology allows for transparent and secure data management, ensuring that information is immutable and verifiable. Initially designed to support cryptocurrencies like Bitcoin, blockchain’s decentralized nature makes it an ideal platform for applications that require trust without relying on a central authority. Key Benefits of Blo...

Michael Saylor Says SEC Will Classify Ether As Security, Deny Spot ETFs

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MicroStrategy executive chair Michael Saylor believes that the SEC will classify Ethereum ETHER as a security, but deny Spot Ethereum ETF applications. Saylor spoke at MicroStrategy’s Bitcoin For Corporations conference on May 1 where the topic came up. He believes the SEC will label ETH as a crypto asset security under its regulatory purview and not a commodity under the U.S. Commodity Futures Trading Commission. Furthermore, Saylor speculated that the SEC may consider Ether , BNB, SOL, XRP, and ADA unregistered crypto asset sec urities. “None of [these tokens] will ever be wrapped by a spot ETF, none of them will be accepted by Wall Street, none of them will be accepted by mainstream institutional investors as crypto assets,” said Saylor. Also Read: Ripple (XRP) Reversal is Paving the Way to $2 in 2024 The SEC’s decision on Ether ETFs and Ether being a security has been a topic of debate for some time. Following the decision to not label Ripple’s XRP as a s...

Breach Breakdown: SEC’s X Hack Raises Questions on Cybersecurity Investments

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The IG’s investigation revealed reports of cybersecurity measures and internal systems compliance. The reports highlighted the urgent need for internal system compliance, paving the way for the SEC’s focus on cybersecurity. SEC 2023 Budget Justification revealed several steps to strengthen security controls. Amidst the recent hack of the U.S. Securities and Exchange’s (SEC) X handle, the Office of the Inspector General’s investigation is underway. Recent developments, however, shed light on the agency’s efforts to enhance cyber security measures.  In a post on X, Fox Business journalist Eleanor Terrett revealed that two prior reports in 2022 and 2023 by the Inspector General (IG) underscored the need for internal systems compliance.  The Office of the Inspector General is currently conducting an investigation into the @SECGov X hack but two prior IG reports, one from 2022 & one from 2023, mentioned the importance of ensuring com...

Scammers are targeting crypto users with new ‘zero value TransferFrom’ trick

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The trick allows the attacker to confirm zero-value transactions from the victim’s wallet, hijacking the user’s transaction history. Data from Etherscan shows that some crypto scammers are targeting users with a new trick that allows them to confirm a transaction from the victim’s wallet, but without having the victim’s private key. The attack can only be performed for transactions of 0 value. However, it may cause some users to accidentally send tokens to the attacker as a result of cutting and pasting from a hijacked transaction history. Blockchain security firm SlowMist discovered the new technique in December and revealed it in a blog post. Since then, both SafePal and Etherscan have adopted mitigation techniques to limit its effect on users, but some users may still be unaware of its existence. Recently we have received reports from the community of a new type of scam: Zero Transfer Scam. Be careful if you see suspicious 0 transfer in your wallet record: 1/10 — Veronica (@V_...