March 29, 2024

Web and Technology News

Alleged security breach leaves millions of dollars missing from Flutterwave accounts

Last month, Flutterwave, Africa’s largest startup by private valuation, was involved in a hack that resulted in over ₦2.9 billion (~$4.2 million) missing from its accounts, according to local tech publication Techpoint Africa. According to the documents seen by the publication and reviewed by TechCrunch, unknown actors transferred the funds across 28 accounts in 63 transactions […]

Alleged security breach leaves millions of dollars missing from Flutterwave accounts by Tage Kene-Okafor originally published on TechCrunch

‘Decentralized’ web3 startups find out the hard way there’s no safety net

When the Vietnam-based outfit behind the crypto game Axie Infinity was hacked last month — hackers stole upward of $625 million in Ethereum from its blockchain, with the FBI now pointing fingers at a North Korean state-sponsored group as the culprit — questions quickly arose around who, exactly, would make the company’s customers whole. The […]

This kamikaze drone sacrifices its own rotors to take down other drones

Drones can be dangerous, and we’ve seen consumer-grade drones used for all sorts of nefarious purposes. Back in 2018, some drone sightings interrupted travel plans for 140,000 travelers in London, and drones were reportedly used in an attack against the U.S. power grid last year, too. There are a number of products to take drones down […]

This kamikaze drone sacrifices its own rotors to take down other drones

Drones can be dangerous, and we’ve seen consumer-grade drones used for all sorts of nefarious purposes. Back in 2018, some drone sightings interrupted travel plans for 140,000 travelers in London, and drones were reportedly used in an attack against the U.S. power grid last year, too. There are a number of products to take drones down […]

US officials link North Korean Lazarus hackers to $625M Axie Infinity crypto theft

U.S. officials have linked North Korean state-backed hacking group Lazarus to the recent theft of $625 million in cryptocurrency from the Ronin Network, an Ethereum-based sidechain made for the popular pay-to-earn game Axie Infinity.  The Treasury Department’s Office of Foreign Assets Control (OFAC) on Thursday announced new sanctions against an Ethereum wallet belonging to Lazarus. Blockchain […]

Axie Infinity creator raises $150M round to compensate victims of ~$625M Ronin hack

Vietnamese gaming studio Sky Mavis announced that it has raised $150 million in funding led by crypto exchange Binance to help reimburse users who lost funds during a ~$625 million hack of its play-to-earn game Axie Infinity, which was the largest crypto heist to date. Animoca Brands, a16z, Dialectic, Paradigm and Accel, also participated in […]

Legendary hackers Charlie Miller and Chris Valasek talk cybersecurity and autonomous vehicles at TC Sessions: Mobility 2022

Security researchers Charlie Miller and Chris Valasek shook the automotive industry in 2015 by remotely hacking a Jeep Cherokee driven by Wired reporter, and willing participant, Andy Greenberg. The notorious hack caused Fiat Chrysler, Jeep’s parent company, to recall 1.4 million vehicles and pay $105 million in fines to the National Highway Traffic and Safety […]

Ukraine takes the resistance to cyberspace, assembling an “IT army” to hack sites from Russia and its allies, calls on tech leaders to get involved

As Ukraine continues to make efforts to mobilize and equip ordinary citizens on the ground to resist Russia’s unprovoked invasion of the country, those who are outside Ukraine who want to help are being asked to get involved in the fight in the virtual world. While the G7 (today with the addition of Japan) mobilize […]

OMG, my Facebook was hacked! Here’s what to do

Even technically sophisticated friends are currently getting “hacked” on Facebook — here’s how to avoid it, and how to make sure your hacked account is fully recovered. Usually, accounts are “hacked” because someone somehow gets a hold of your password. That’s bad for Facebook in particular, because people often use Facebook to log into other […]

DOJ seizes $3.6B in bitcoins after busting entrepreneur couple in Bitfinex laundering scheme

The U.S. Justice Department (DOJ) has seized over 94,000 bitcoins that were allegedly stolen in the 2016 hack of crypto exchange Bitfinex and arrested a married couple suspected to have laundered the money, the department announced today. The couple — Ilya Lichtenstein, 34, and Heather Morgan, 31 — faces charges of conspiring to launder money […]