At the end of April 2022, the project Zone of Avoidance reached Hacken to pass a token smart contract audit. The testing was completed within five days and the project has already received great positive feedback from the community. What is unique in this audit? Find details below. Zone of Avoidance: a brief description of
Hackers exploited Mirror Protocol, and the devs couldn’t do anything about it. The attacker stole more than $90m in October 2021 but this incident used to be completely unnoticed until the last week. And at the end of May 2022, the project experienced one more incident resulting in $2M drained from the protocol. A bug
Ethical hacking is an authorized use of malicious attacks to gain unauthorized access to software application or data. Ethical hackers compete for a bounty. Their goal is to identify bugs in web, modile, desktop apps. In Web 3.0, targets also include blockchains, smart contracts, wallets, platforms, protocols, DEX/CEX, and DeFi. Cybersecurity and ethical hacking from
Deepfake is a new goldmine for scammers Rapid technological advances propel Web 3.0, but unethical actors don’t lag. Scammers now use deepfakes to steal money. This article will look at some deepfake scams and discuss how to protect your financial assets in the light of a new threat. Deepfakes gain momentum In addition to various
Things are not going great for Terraform Labs – the parent company of Luna and UST. The promising altcoin has lost $40B. It sent a shockwave around the crypto world. Thousands of day traders and some wealthy investors have said goodbye to their assets. Terra’s co-founders, Do Kwon and Shin Hyun-sung, were accused of fraud
According to McKinsey, by 2025, the Internet of Things will have an economic impact of between $4 and $11 trillion. The smart devices owned by people will generate almost 80 trillion gigabytes of data. There is a serious risk that all this data and the associated value will be owned by large corporations. We are
Korean investors filed civil and criminal lawsuits against Luna/UST founder Do Kwon for committing fraud For the past four years, Do Kwon, the founder of Terraform Lab, was hyping Lyna and TerraUSD as the world-changing currency. He raised more than $200 million from investment firms such as Lightspeed Venture Partners and Galaxy Digital. Everything changed
While DeFi is often hailed as the future of finance, it’s not immune to risks. In fact, the world of decentralized finance is facing an ongoing challenge with DeFi token and protocol vulnerability. From January to May 2022 alone, DeFi hacks resulted in over $1.4 billion in financial losses, and over $3.8 billion were stolen
FEG (Feed Every Gorilla) has suffered an exploit in the Swap-to-Swap (S2S) functionality in the FEGtoken swap contracts on BSC and ETH. The attacker created 10 addresses and each of them was approved to spend 114 fBNB from the current address. The attacker was able to drain all the fBNB within the contract. Trading of FEG
