security

KiloEx Hack Exposes DeFi's Dirty Secret: Are Oracles a Ticking Time Bomb?

KiloEx Hack Exposes DeFi's Dirty Secret: Are Oracles a Ticking Time Bomb?

The KiloEx exploit that recently K.O.’d so much of the DeFi ecosystem. A deep, foul smell of something rotten is permeating the DeFi ecosystem. In a shocking twist, $7.5 million vanished. It wasn’t stolen through advanced hacker wizardry; rather, it was taken through exploiting a somewhat rudimentary manipulation of the...
KiloEx Plunged into Crisis Following $7.5 Million Exploit

KiloEx Plunged into Crisis Following $7.5 Million Exploit

KiloEx, a decentralized finance (DeFi) platform, tools and liquidity operations have been suspended. This decision comes on the heels of a severe security breach that resulted in losses of around $7.5 million. The attack, which was blamed on oracle manipulation and cross-chain vulnerabilities, sheds light on the systemic risks that...
KiloEx Hacked: $7.5M Lost! What DeFi Can Learn From This

KiloEx Hacked: $7.5M Lost! What DeFi Can Learn From This

MetaBlockX.com enables you to explore the digital asset universe with clarity and confidence. Experience accuracy-focused price predictions, live Bitcoin charting, intelligent staking recommendations, and valuable security advice.The decentralized finance (DeFi) space recently experienced another high-profile hack. KiloEx, a decentralized exchange (DEX), recently suffered an exploit. As a consequence, it ended...
Octane Secures $6.75M: AI to Fortify Blockchain Security

Octane Secures $6.75M: AI to Fortify Blockchain Security

The blockchain security landscape is rapidly becoming more advanced, requiring innovative new mechanisms to defend against ever-more-complex threats. Traditional security audits, though very useful, can be hard-pressed to stay ahead of the intensity and complexity of today’s cyberattacks. Here’s how Octane is making moves to address this challenge. To further...
Octane Secures Seed Funding to Fortify Smart Contract Security with AI

Octane Secures Seed Funding to Fortify Smart Contract Security with AI

Octane, a new cybersecurity startup dedicated to categorizing and protecting smart contracts, closed a successful seed funding round just last week. Archetype and Winklevoss Capital spearheaded this phenomenal financial accomplishment. The company intends to use the new capital to expedite product development, boost hiring, and scale-label vulnerability data.Founded by Giovanni...
Winklevoss Bet on Octane Signals a Seismic Shift in Crypto Security

Winklevoss Bet on Octane Signals a Seismic Shift in Crypto Security

Winklevoss twins While famously making a few big bets of their own. They recognized its potential early on and launched Gemini. Now, through Winklevoss Capital, they’re investing in Octane, a cybersecurity startup that’s using AI to protect blockchain code. Is it all good news? Are we just carelessly rushing into...
Octane's AI Fix: Is Blockchain Security Finally Growing Up?

Octane's AI Fix: Is Blockchain Security Finally Growing Up?

And that’s why the news that Octane Security, the Twin Cities-based cybersecurity startup, has raised a $6.75 million seed round isn’t your ordinary funding announcement. It's a signal. A signal that the blockchain industry, often romanticized as this decentralized, immutable utopia, is finally facing its biggest challenge: security. And it’s...
KiloEx Hack: A Wake-Up Call Or DeFi's Inevitable Growing Pains?

KiloEx Hack: A Wake-Up Call Or DeFi's Inevitable Growing Pains?

The KiloEx hack. $7.4 million gone. Headlines screaming "DeFi Doomed!" It’s simple to jump on the band wagon of condemnation, to cast blame and rush to call for change across-the-board right now. Before we reflexively reach for the regulatory hammer, let's take a breath and ask ourselves a harder question:...
ZKSync's $5M Hack: A Singaporean Perspective on Airdrop Failures

ZKSync's $5M Hack: A Singaporean Perspective on Airdrop Failures

The ZKSync airdrop. A promised land of free tokens. In practice, what we received in return was a masterclass in how not to operate a cryptocurrency project. Then the $5 million hack on unclaimed tokens? This isn’t just bad luck, it’s a symptom of a much deeper rot.As a Singaporean,...
KiloEx Hack: Will DeFi's Wild West Finally Get Sheriffs?

KiloEx Hack: Will DeFi's Wild West Finally Get Sheriffs?

Sarah is a working single mother. She poured her meager savings into KiloEx, resolved to build a new life for her children. She’d heard the stories underpinned by DeFi, the tales of financial freedom, of being your own bank, having sovereignty over your money. Then, boom. $7.4 million gone. Hacked....