Cyber security Archives

‘Free-for-all’ Nomad exploit drains $190M of crypto

Cross-chain bridge Nomad has fallen victim to a “free-for-all” exploit that drained around $190 million in crypto.

Just last week, Nomad announced that it had secured $22.4 million in seed funding from high-profile backers including Coinbase Ventures, Crypto.com Capital, and OpenSea. The company emphasised its focus on security following a spate of bridge hacks.

“With $1.5B in bridge hacks happening within the last 12 months, many people, protocols, and DAOs are...

2 August 2022 | Altcoins

OpenSea adds new security features amidst NFT market downturn

OpenSea, the most popular NFT marketplace, has announced a new security feature to protect its users from the growing number of scams in the NFT space.

It comes at a time when the company is under increasing fire for the proliferation of stolen and plagiarised NFTs passing through its site.

The feature will automatically hide suspicious NFT transfers from being viewed on the OpenSea marketplace. The company hopes this will help to protect users from falling for scam...

14 June 2022 | Cyber Security

Phishing attack leaves at least 6,000 Coinbase accounts breached

A suspected phishing attack has led to at least 6,000 of Coinbase’s users having cryptocurrency stolen from their accounts.

The Nasdaq-listed crypto exchange sent a breach notification letter to affected customers notifying them of the hack, which is believed who have taken place between March and 20 May this year.

The hackers gained access to users’ email addresses, passwords, and phone numbers, but Coinbase has said they cannot confirm how exactly this data was...