Friday, April 25, 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.

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Security Incidents

Web3 Security

ZKsync Hack $5 Million in Controlled Return

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ZKsync’s recent exploit resolution highlights the uneasy normalisation of bounty-based restitution in decentralised finance. While the protocol successfully recovered nearly $5 million through a safe-harbour arrangement, the broader context—$1.67 billion in quarterly crypto losses—underscores how rare such recoveries have become. As administrative keys remain a critical vulnerability, governance now faces the more delicate task of deciding what restitution, if any, looks like in practice.
Regulation

SBF Speaks from Behind Bars

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From behind the bars of a high-security prison, Sam Bankman-Fried passionately defended his innocence in the FTX collapse during a phone call with The New York Sun, hinting at a political pivot toward Trump and criticising the legal process that led to his 25-year sentence.

Railgun Returns Stolen Funds: $9.5 Million zkLend Exploit

Tornado Cash: Developer Pertsev’s Release and House Arrest

SparkCat: New Malware Uses OCR to Steal Crypto Wallets from Your Photos

Scammers Hit for $10 Million in DogWifTools Exploit

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Crypto news that matters, education you’ll actually use, and security tips to keep your assets safer. We give readers the critical analysis and information they need to make smarter decisions and to better understand emerging web 3.0 technologies.

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Latest News

PayPal × Coinbase: The Stablecoin Power Move with PYUSD

Stablecoins 0
PayPal and Coinbase have joined forces to spearhead stablecoin adoption, making PayPal USD (PYUSD) instantly tradable with zero fees on Coinbase. The move blends PayPal’s massive payments network with Coinbase’s crypto-native liquidity, positioning PYUSD as a serious contender in the stablecoin race. As regulators circle and digital dollars go mainstream, this alliance could reshape how money moves online.

Federal Reserve Relaxes Crypto Oversight for Banks

Regulation 0
In a notable departure from its previous stance, the Federal Reserve has withdrawn guidance requiring banks to seek approval before engaging in crypto and stablecoin activities. The move, which aligns with similar steps by the FDIC, shifts regulatory scrutiny from pre-emptive barriers to standard supervisory review—effectively reframing crypto engagement as a matter of risk management, not special permission.

ZKsync Hack $5 Million in Controlled Return

Web3 Security 0
ZKsync’s recent exploit resolution highlights the uneasy normalisation of bounty-based restitution in decentralised finance. While the protocol successfully recovered nearly $5 million through a safe-harbour arrangement, the broader context—$1.67 billion in quarterly crypto losses—underscores how rare such recoveries have become. As administrative keys remain a critical vulnerability, governance now faces the more delicate task of deciding what restitution, if any, looks like in practice.

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