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The Republic of Iran is currently chaos personified, as its war crisis with Israel is bringing in diverse problems for the nation. Iran, while handling active war missiles and combat with Israel, was hit by a malicious cyberattack last night. The nation’s Sepah bank was wiped out of data last night, rendering the nation paralyzed and struggling financially. The first ever bank to be established in Iran, Sepah, was left debilitated when it was hit by malevolent online attacks led by Israelis, disturbing its online presence and network. The aforementioned disruptions ended up thwarting Iran’s gas station networks, putting its citizens in grave jeopardy. The reports have also claimed that the attack ended up wiping precious Sepah data, which brings in the real question of security at times of grave social unrest. Does Bitcoin help solve this burning query? One analyst thinks so. Also Read: Chinese Bitcoin Mining Manufacturers Flee Tariffs, Set Up in US Sepah Bank Data Erased Du...

CertiK co-founder Ronghui Gu told Cointelegraph that it’s “inexcusable” the industry faces continued SIM-swap and multisig failures, as previous incidents already highlighted the issues. As companies continue to fall for hacks and exploits, professionals working in the cybersecurity space chipped in on what can be improved in terms of crypto security for digital asset companies and the broader crypto industry.  Before September, almost $1 billion had already been lost to crypto hacks, exploits and scams in 2023. Yet, more incidents continue to shake the crypto world in the fourth quarter of 2023, such as the Poloniex exploit, with over $100 million in digital asset losses, and the HECO Chain bridge hack, with over $80 million in losses. .@Poloniex is suspected to have been hacked. The Poloniex address '0xA910' transferred all tokens to a new address '0x0A59' in 40 minutes, with a total value of about $60 million. '0x0A59' is currently transferring funds to more...

PeckShield reports that $2.27 million worth of NFTs were stolen in June, recording the lowest figure for stolen NFTs in 2023. A new report from blockchain security firm PeckShield found that half of stolen nonfungible tokens (NFTs) get sold within 160 minutes on various NFT marketplaces like Blur and OpenSea.  On July 3, PeckShield highlighted several data points on NFTs including the value stolen in June, how long it takes for stolen NFTs to be sold, and which NFT marketplaces are used to sell the stolen assets. According to the security company, $2.27 million in NFTs were stolen in June 2023. This marks the lowest amount of stolen NFTs in 2023. Furthermore, the data shows an 85% decrease compared to February when the value of stolen NFTs reached a high of $16.2 million. Value of stolen NFT assets in 2023. Source: PeckShield Apart from the amount lost in NFTs, the blockchain security firm also found that half of the stolen NFTs that they flagged are sold within 3 hours , sugg...

The security flaw would allow the mint of an unlimited amount of arbitrary tokens. The issue was privately disclosed to the BNB team. Web3 infrastructure firm Jump Crypto has discovered a vulnerability in the Binance BNB Beacon Chain, which would allow the mint of an unlimited amount of arbitrary tokens. The issue was privately disclosed to the BNB team, enabling a patch to be developed and deployed within 24 hours. In a blog post from Feb. 10, Jump Crypto disclosed a detailed report about the vulnerability found two days earlier, which could "have led to a large loss of funds." As per the report, the BNB Chain is composed of two blockchains - the EVM compatible Smart Chain (BSC), which is based on a fork of go-ethereum and the Beacon Chain, built on top of Tendermint and Cosmos SDK. However, the Beacon Chain uses a BNB fork hosted on GitHub with several BNB-specific changes. "It deviates from the Cosmos SDK upstream in several ways, motivating us to take extra care in ...