cybersecurity

Cryptocurrency—while empowering new opportunities, innovation, and investment—has created an environment ripe for cybercrime and the monetization of crime. Law enforcement agencies are constantly playing catch-up, developing and refining methods to track and recover stolen cryptocurrency. MetaBlock X is exploring the efficacy of these approaches. It will address the issues users...

$5 million gone. 17% price crash. A community in uproar. And another "compromised admin account"? Seriously? As a UK-based, deep editorial expert in the blockchain space, I’ve seen this story play out repeatedly. Truth is, I’m tired of being surprised by the same old left turn.Officially, the ZKSync attack narrative...

DeFi.Decentralized Finance.It’s the same promise of a financial revolution, moving power and control from Wall Street to you.History shows that revolutions, too, can be hijacked. The example of Zak Coyne, the LabHost developer, is a clear indication that as we approach this transformation, we could use some guardrails. He received...

Eight and a half years. That’s the sentence Zak Coyne was given for developing LabHost, a phish-as-a-service that was responsible for defrauding victims out of immeasurable amounts. As much as I am happy for the justice, though, let’s not kid ourselves. This isn't a victory lap. It's a stark reminder...

KiloEx, a relatively new DEX, promised a hacker a lucrative 10% white hat bounty of $750,000. In exchange, they asked the hacker to refund 90% of the funds taken from their platform. Yet the offer, listed on April 15, was announced even after the platform shut down its DEX for...

KiloEx, This relatively unknown decentralized exchange (DEX) , recently was the victim of an attack – and in a major way. A $7.5 million crypto heist, made possible through a price oracle vulnerability, has them reeling. Now, they're dangling a carrot: a $750,000 "white hat" bounty (10% of the loot)...

In the often chaotic environment of crypto, hacks are always a risk. Recently, KiloEx, a platform in the digital asset space, faced such a challenge and responded with a rather unconventional approach: offering a substantial bounty to the hacker responsible for the exploit. This controversial move raises important questions about...

In the rapidly evolving landscape of decentralized finance (DeFi), security cannot be an afterthought. Recent developments surrounding KiloEx show how quickly things can turn on even the most seemingly promising platforms. It’s a cautionary tale to halt complacency in this rapidly changing environment. MetaBlock X is looking forward to breaking...