Discover how strategic regulations in the Web3 space are not stifling innovation, but fostering growth, user safety, and institutional adoption in decentralized finance (DeFi). Explore risk-based approaches, self-regulatory frameworks, and the role of regulatory sandboxes in shaping the future of DeFi.
Tag: Cybersecurity
Solana’s Loopscale Hit by $5.8M Exploit, Lending Paused: A Deep Dive
Loopscale, a Solana-based DeFi lending protocol, temporarily suspends lending operations after a $5.8 million hack. This article examines the details of the exploit, the impact on users, and Loopscale’s response, providing insights into the vulnerability and the broader implications for DeFi security.
North Korean Hackers Target Crypto Developers with Fake Companies and Malware
A North Korean hacking group, suspected to be Lazarus Group, established three shell companies to distribute malware to cryptocurrency developers through deceptive job interviews. The FBI has shut down one of the companies, but others remain active.
SEC Delays Decision on Polkadot ETF: What You Need to Know
The SEC has postponed its decision on the Grayscale Polkadot Trust ETF until June 11. This delay impacts the potential for a Polkadot (DOT) ETF to be listed on US exchanges and joins a growing list of altcoin ETFs awaiting approval.
The Hidden Risks of Updatable Firmware in Crypto Hardware Wallets
Explore the security risks associated with updatable firmware in crypto hardware wallets, including potential backdoors, vulnerabilities, and the importance of user control for safeguarding crypto assets.