a well-known computer forensics company
Could there be any good reason not to name them? It seems odd not to.
The systems of freebie open-source code scanning tool Coverity Scan were hacked and abused to run a cryptocurrency mining operation, its operator has confirmed. Synopsys, the firm behind Coverity Scan, said its corporate systems were not affected by the previously unexplained incident, which resulted in the suspension of the …
I got an email about that but assumed it was simply a scam/phishing trip. After all if your links are like:
WTF do you expect any reasonably paranoid software developer to do? I kind of assume it is the more paranoid ones who actually care enough to check their code for programming bugs using the service in the first place, but I may be wrong.
Executives at China's Blockchain-based Service Network (BSN) – a state-backed initiative aimed at driving the commercial adoption of blockchain technology – labelled cryptocurrency "the biggest Ponzi scheme in human history" in state-sponsored media on Sunday.
"The author of this article believes that virtual currency is becoming the largest Ponzi scheme in human history, and in order to maintain this scam, the currency circle has tried to put on various cloaks for it," wrote Shan Zhiguang and He Yifan in the People's Daily.
He Yifan is the CEO of startup Red Date Technology – a founding member and architect behind BSN – where he serves as executive director. Co-author Zhiguang Shan is chair of the BSN Development Alliance.
Investigators at a blockchain analysis outfit have linked the theft of $100 million in crypto assets last week to the notorious North Korean-based cybercrime group Lazarus. The company said it had tracked the movement of some of the stolen cryptocurrency to a so-called mixer used to launder such ill-gotten funds.
Blockchain startup Harmony announced June 23 that its Horizon Bridge – a cross-chain bridge service used to transfer assets between Harmony's blockchain and other blockchains – had been attacked and crypto assets like Ethereum, Wrapped Bitcoin, Binance Coin, and Tether stolen.
According to blockchain analytics company Elliptic, the attacker immediately turned to Uniswap, a decentralized exchange, to convert most of the assets into 85,837 Ethereum, which researchers said is a common method used by hackers to avoid the stolen assets from being seized.
India's Reserve Bank has offered a scathing assessment of cryptocurrencies in its latest financial stability report – saying the risks they create demand attention before they undermine established institutions.
"Cryptocurrencies are a clear danger," the report baldly declares in its Foreword, penned by Reserve Bank governor Shaktikanta Das. "Anything that derives value based on make believe, without any underlying [value], is just speculation under a sophisticated name."
The report doesn't assess cryptocurrency as an immediate danger, noting that crypto assets represent just 0.4 percent of all financial assets and their interoperability with the traditional financial system is "restricted".
Comment Intel has begun shipping its cryptocurrency-mining "Blockscale" ASIC slightly ahead of schedule, and the timing could not be more unfortunate as digital currency values continue to plummet.
Raja Koduri, the head of Intel's Accelerated Computing Systems and Graphics group, tweeted Wednesday the company has started initial shipments of the Blockscale ASIC to crypto-mining firms Argo Blockchain, Hive Blockchain and Griid:
The two US senators behind a proposed law to bring order to cryptocurrency finance have published their legislation to Microsoft's GitHub to obtain input from the unruly public.
The bill, known as the Responsible Financial Innovation Act, was introduced by Senators Cynthia Lummis (R-WY) and Kirsten Gillibrand (D-NY) on June 7 to create a regulatory framework governing digital assets, cryptocurrencies, and blockchain technology.
Decentralized finance lending platform Solend tried to fend off the effects of the crypto meltdown at the weekend when 97.5 percent of its users voted to give it emergency powers to liquidate its largest customer account. A second vote held today reversed the first.
The choppy waters continue at OpenSea, whose security boss this week disclosed the NFT marketplace suffered an insider attack that could lead to hundreds of thousands of people fending off phishing attempts.
An employee of OpenSea's email delivery vendor Customer.io "misused" their access to download and share OpenSea users' and newsletter subscribers' email addresses "with an unauthorized external party," Head of Security Cory Hardman warned on Wednesday.
"If you have shared your email with OpenSea in the past, you should assume you were impacted," Hardman continued.
In the same week that it welcomed the launch of a local center of excellence focused on crypto-inspired central bank digital currencies, Singapore's Monetary Authority (MAS) has warned crypto cowboys they face a rough ride in the island nation.
The center of excellence (COE) was established by the Mojaloop Foundation – an open source effort to create payment platforms to make digital financial services accessible to those without access to banks. The COE aims to "accelerate financial inclusion in emerging markets" through hackathons, workshops and pilot projects while examining expanded CBDCs payment capabilities."
Singapore's sovereign wealth fund has invested in Mojaloop, and MAS chief fintech officer Sopnendu Mohanty serves as a board advisor and the authority provides representatives to the Foundation's working group, alongside folks from the Bill & Melinda Gates Foundation, Google, and more.
ProShares, the issuer of exchange-traded funds with around $65 billion under management, has launched the first short Bitcoin exchange-traded product in the US, offering a way for investors to make money from the ongoing cryptocurrency meltdown.
Dubbed the ProShares Short Bitcoin Strategy, the ETF is set to launch on the New York Stock Exchange under the ticker BITI. Bitcoin declined to $17,601.58 over the weekend, according to Coin Metrics. It has lost 70 percent of its value since last November's highs.
Speaking to the Financial Times, Nate Geraci, president of wealth management firm The ETF Store, said there would be "a rather robust market" for the short funds.
UK automobile service and parts seller Halfords has shared the details of its customers a little too freely, according to the findings of a security researcher.
Like many, cyber security consultant Chris Hatton used Halfords to keep his car in tip-top condition, from tires through to the annual safety checks required for many UK cars.
In January, Hatton replaced a tire on his car using a service from Halfords. It's a simple enough process – pick a tire online, select a date, then wait. A helpful confirmation email arrived with a link for order tracking. A curious soul, Hatton looked at what was happening behind the scenes when clicking the link and "noticed some API calls that seemed ripe for an IDOR" [Insecure Direct Object Reference].
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