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Loopring suffers $5 million loss after hacker exploits 2FA vulnerability

Loopring, a decentralized finance (DeFi) protocol built on Ethereum, recently experienced a significant security breach that resulted in a $5 million loss. The attack exploited a vulnerability in Loopring’s Guardian two-factor authentication (2FA) service, which is designed to enhance the security of its smart wallet application. дальше »

2024-6-11 12:00


Three ways to prevent exchange hacks—how 3FA can foil cryptocurrency exchange robberies

The recent hack of the world’s biggest cryptocurrency exchange, Binance, highlights the need for heightened security in the crypto space. In what Wired reported as “a ‘large-scale security breach,’ hackers stole not only 7,000 bitcoin—equivalent to over $40 million ($56 million at the time of this writing, just one week later)—but also some user two-factor […] The post Three ways to prevent exchange hacks—how 3FA can foil cryptocurrency exchange robberies appeared first on CryptoSlate. дальше »

2019-5-16 17:22