Category Archives: blockchain and cyber security

Can Zero-Knowledge Proofs Save Cryptocurrency?

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Blockchain has transformed many industries, from healthcare to real estate to banking. But despite the “unhackable” hype, flaws in Blockchain technology undeniably weaken its goals of bringing greater security, transparency and privacy to the world. Between January and November 2022, hackers stole $4.3 billion worth of cryptocurrency — marking a 37% increase from 2021. It […]

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The Dangerous Flaws of Web3 Security, According To a Former Hacker

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“New and improved” is the refrain of progress, but new technology doesn’t always turn out to be an improvement. In the case of the evolution from Web2 to Web3, a former hacker revealed how recent changes have created an all-new avenue of potential attack. Recent updates were intended to tighten security. “Due to blockchain technology […]

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Treasury Crypto Security Sanction Blocks Exchange Favored by Ransomware Actors

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The U.S. government sanctioned the cryptocurrency exchange SUEX for moving money for ransomware actors. In essence, that means U.S. citizens and corporate entities are banned from using it. The statement, released in September, is part of a wider effort to boost crypto security and “disrupt criminal networks and currency exchanges”. The First Crypto Security Sanction […]

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