Wednesday, May 14, 2025

Web3 Security

ProtectingAssets

Web3 security focuses on protecting dApps and blockchain networks from vulnerabilities and attacks. As Web3 technologies evolve, they introduce unique security challenges, including smart contract bugs, private key management issues, and phishing attacks. Ensuring robust security involves practices like code audits, secure development protocols, and user education. Key measures include multi-signature wallets, decentralised identity solutions, and comprehensive risk assessments. With our Crypto Exploit Tracker tool, you can stay informed about recent exploits, their impacts, and related transactions, crucial for maintaining security and trust in decentralised platforms and applications.

Security Incidents

SIM-Swap Culprit Faces 24 Months Over Fake Bitcoin-ETF X Post

U.S. prosecutors have asked Judge Amy Berman Jackson to sentence 25-year-old Eric Council Jr. to two years in prison for the January 2024 SIM-swap attack that let him seize the Securities and Exchange Commission’s X account and publish a bogus approval of spot-Bitcoin ETFs, briefly jolting markets.

DeFi’s Centralised Gateways Under Fire After Twin Incidents at Curve and ZKsync

Decentralised finance prides itself on tamper-proof code, yet the past two days underlined how exposed its Web2 skin remains.

SBF Speaks from Behind Bars