security

We're at a crossroads. Cryptocurrency was once the Wild West of finance, but it is maturing into a real alternative for many. With that growth comes a chilling evolution: crypto scams are getting smarter, faster, and more insidious. Are we, the everyday users, hopelessly outmatched?As someone who’s been in this...

The decentralized finance (DeFi) ecosystem is quickly evolving. As it expanded, we began to witness greater examination and, unfortunately, a rise in potential security danger. Just last week, KiloEx, a decentralized exchange, was taken for over a million dollars in a major exploit. What makes this event particularly noteworthy is...

KiloEx dodged a bullet. Whew, $7.5 million swiped, then returned after a bounty offer from the government. Happy ending, right? I'm not so sure. Unfortunately, this issue is not limited to KiloEx. It’s a bright red alarm that exposes systemic flaws in our current implementation of DeFi. It should be...

Let’s face it, the crypto world is the Wild West these days. We know fortunes can change on a dime—literally overnight. Though decentralization presents some exhilarating opportunities, it usually runs counter to the very important idea of security and, frankly, regulation. You’re all caught up in your staking wallets, chasing...

The KiloEx hack. The KILO token's precipitous fall. Trading frozen. We've seen this movie before, haven't we? This time, there's a twist: a seemingly proactive compensation plan. Is KiloEx really ushering in a new era of honesty and accountability to DeFi security, or is this just damage control that’s been...

"I lost everything." That’s what Sarah, a single mom from Ohio, said to me after the KiloEx hack. She’d invested her life savings, intending to create a more promising future for her children. Now, that future seemed a million miles away. Sarah’s story isn't unique. It's the human face behind...

$9.3 billion. Let that number sink in. That’s the wealth incinerated by crypto scams just in 2024 so far, based on FBI estimates. It’s about more than dollars and cents. It’s not just targeted abuse on a wide scale, it’s ruined lives and lost retirements and the profound erosion of...

After all, DeFi is touted as the future of finance, or so they say. Transparent, decentralized, and accessible to all. Let’s face it, sometimes it feels like the Wild West. Rather than newfangled stagecoach robberies a la 1890s, we’re talking about $7.5 million scams. The recent KiloEx hack, while ultimately...

It's more than just another DeFi headline. It's a flashing neon sign pointing directly at the elephant in the (decentralized) room – the centralization theater that plagues so much of the DeFi landscape. Sure, we hear the buzzwords: "decentralized," "trustless," "permissionless." But scratch the surface, and you’re frequently left with...

The dust has settled. The $5 million worth of stolen ZK tokens are (largely) back in ZKSync’s possession. The more fundamental question is not the what – it’s the how, and even more importantly, it’s the why. More specifically, it’s the tale of Aditya Menon, the hacker, and the 10%...