security

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...

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:...

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,...

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....

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Imagine this: Sarah, a recently widowed grandmother, thought she was investing in a secure, high-yield crypto fund. She’d noticed an advertisement online — you know the type, promising “guaranteed returns” and “financial freedom.” The website looked professional. She went so far as to call and speak with a helpful “counselor”...

That kind of exploitation shouldn’t keep the recent hack of KiloEx from shocking the decentralized finance (DeFi) community. It caused a $7 million loss, sending shockwaves across the industry. This incident paints a clear picture of the vulnerabilities multi-chain platforms introduce. Most importantly, it highlights the need for rigorous security...

Crypto fraud is a hydra. It’s like the old hydra myth—you cut off one head, and two grow back. Perhaps most unnerving is the limitless creativity of scammers. What if we could see the whole monster, rather than just the individual heads popping up all over the financial landscape? Now,...

Needless to say, the KiloEx hack, a $7 million cross-chain exploit, has everyone in DeFi on high alert. Your initial reaction may be to blow it off as “just another life hack.” Others view it as a mere cost of doing business in the wild west of decentralized finance. I...

Another day, another DeFi hack. This time it’s KiloEx, with a rad $7.5 million disappearing into the ether due to, you guessed it, a price oracle vulnerability. We’re referring to $3.3 million in Base tokens, $3.1 million in opBNB, and $1 million in BSC tokens. Poof. Gone. As you can...