Tag: security

WazirX Gears Up for Relaunch Following $234 Million Hack, Awaits Court Approval

WazirX Gears Up for Relaunch Following $234 Million Hack, Awaits Court Approval

• Regulation

WazirX, formerly India’s leading crypto exchange by volume, is preparing to relaunch its services. This follows an even more tragic $234 million hack that hit the platform in July 2024. The exchange has begun working to return to normal operations and make impacted users whole with reimbursement. WazirX’s relaunch still...

Web3 Security: The Artists' Shield Against Crypto's Dark Side

Web3 Security: The Artists' Shield Against Crypto's Dark Side

• Commentary

That energetic expanse, created by principles of creativity and openness, is drawing another generation of builders into the fold. Lurking in the shadows is a harsh reality: a Wild West of vulnerabilities that can leave artists, especially those in emerging markets like Southeast Asia, exposed and vulnerable. We’re talking about...

OneKey Boosts Security: Thanks to BitsLab's Web3SecuringPlan!

OneKey Boosts Security: Thanks to BitsLab's Web3SecuringPlan!

• Facts

In the go-go space of Web3, security is the ultimate flex. As of the beginning of 2024, almost $3 billion has been lost to hackers and exploits so far. It’s extremely important for all projects to do everything possible to protect their users and assets. OneKey, maker of secure but...

Web3's Achilles Heel: Is Off-Chain Security the Next Big Hack?

Web3's Achilles Heel: Is Off-Chain Security the Next Big Hack?

• Commentary

Has the revolution gone too far, and are we indeed just building trustless castles on sand? While everyone obsesses over smart contract vulnerabilities, the real danger might be lurking where the chain ends: off-chain. We’re not discussing the APIs, the storage solutions, whatever the heck it’s hosted on—which centralized servers...

BitsLab's Web3 Securing Plan Gains Recognition for Public-Benefit Security Initiative

BitsLab's Web3 Securing Plan Gains Recognition for Public-Benefit Security Initiative

• Web3 Projects

BitsLab’s Web3 Securing Plan is becoming a popular public-benefit, Web3 crowdsourced security plan. The plan establishes as priorities a variety of infrastructure vulnerabilities that go past smart contracts alone. This milestone in BitsLab’s audit operations further highlights its dedication and expertise in infrastructure development and security auditing across multiple blockchain...

Web3 Dubai: Are Security Audits the Real Innovation?

Web3 Dubai: Are Security Audits the Real Innovation?

• Commentary

Dubai. The name alone creates a picture of shimmering skyscrapers, brazen ambition, and today, a budding epicenter of Web3. QuillAudits, one of the top security auditing firms, is throwing a killer series of events from April – May. These events, perfectly-timed around TOKEN2049, will highlight what’s next in blockchain, DeFi,...

Is This AI Web3 Audit Platform the DeFi Security Savior?

Is This AI Web3 Audit Platform the DeFi Security Savior?

• Commentary

We are tragedies waiting to happen, fortunes made and lost in the blink of an eye. And at the heart of it all: smart contracts. Beautiful, elegant, and yet, so shockingly vulnerable. We’ve read the headlines – billions drained from protocols because of misaligned code, exploits and hacks. Are we...

AI Audits Smart Contracts? Web3 Startup Promises Secure Code

AI Audits Smart Contracts? Web3 Startup Promises Secure Code

• Facts

The world of Web3 is buzzing with innovation, but beneath the surface lies a persistent threat: security vulnerabilities in smart contracts. These self-executing agreements that now fuel everything from decentralized finance (DeFi) to non-fungible tokens (NFTs) are low-hanging fruit for hackers. One small design flaw can result in catastrophic losses,...

5 Crypto Compliance Myths Debunked New Rules Aren't a Free Pass

5 Crypto Compliance Myths Debunked New Rules Aren't a Free Pass

• Commentary

The crypto world is aflutter over a perceived reversal in U.S. regulatory policy. The whispers say, "They're going soft!" This is dangerous talk. Having investigated these financial crimes for many years, I feel like I have seen everything. The one thing regulators are really good at is willful ignorance. Don't...

Japan's "New Capitalism 2025" Plan Signals Regulatory Embrace of Bitcoin and Web3

Japan is strategically positioning itself as a global leader in digital innovation with its updated "New Capitalism 2025" plan, released on April 13. Taken together, this plan represents a major regulatory turning point event toward welcoming Bitcoin and Web3 technologies. The initiative aims to leverage digital assets to solve social...

Japan's Bitcoin Revolution: A Boon for Artists and Web3 Creators?

Is Japan on the verge of accidentally unleashing a tsunami of creative destruction and financial liberation onto the rest of the emerging markets? I know this seems like a tall order, but hear me out. Japan’s regulatory change to officially recognize Bitcoin as a financial product. This step is a...

5 Ways This Crypto Bill Empowers Southeast Asian Artists, Not Wall Street

Let’s be honest, when you hear about crypto regulation, your first thought probably isn't Southeast Asian artists finding new avenues for creative expression. Surely visions of Wall Street honchos and inscrutable derivatives dance in your head. Well, what if I told you that the Senate’s Banking Committee just released their...

Senate Republicans Forge Ahead on Crypto Market Structure Framework

Republican senators working on a new framework for digital assets legislation, riding the positive bipartisan wave in the Senate as of late. This announcement follows the Senate’s passage of a bill to regulate stablecoins last week. It was passing with overwhelming bipartisan support.Senators Tim Scott, Cynthia Lummis, Thom Tillis, and...

Trump Jr. at KBW2025: Web3's Mainstream Moment?

Donald Trump Jr.’s scheduled keynote address at KBW2025 is raising eyebrows and inspiring intense discussion across the Web3 ecosystem. He’s just a high-profile guy shaking things up in the crypto world. His presence further exemplifies the increasing importance of blockchain technology and its potential to revolutionize the traditional economy. Does...

Trump Jr. at KBW2025: Web3's Punk Rock Moment or Sellout?

Or I think about Nandar, a wonderful Burmese artist that I met in Yangon, sharing with me her latest NFT collection. Each work exploded with vivid imagery, bravely fighting back against the junta’s repressive hold. She began selling them directly to supporters around the world, allowing her to cleverly sidestep...

Donald Trump Jr. Headlines Korea Blockchain Week 2025

Korea Blockchain Week (KBW) 2025, Asia’s largest and most influential Web3 conference, is returning to Seoul this coming September. The collaborative innovation summit recently announced its second wave of speakers and lead partners. You can expect big names such as Donald Trump Jr., Keone Hon from Monad Foundation, Guy Young...

KBW2025: Is Trump Jr. Web3's Trojan Horse or its Savior?

Donald Trump Jr. at Korea Blockchain Week? It's a head-scratcher, isn't it? About as easy as locating a MAGA hat at a Burning Man soirée. Before we put this down as just another short-lived publicity stunt, let’s take a closer look at what this could IoTally Web3 means. Cynical ploy...