FTX, the massive crypto exchange that recently went bankrupt, announced that it fell victim to a hack of over $400 million last week. The crypto exchange filed for bankruptcy last week following questionable practices from its CEO and other executives. The threat actor was able to steal more than $400 million from FTX before the funds went […]
Artificial intelligence has led to some major changes in the nature of business. Companies around the world spent over $328.34 billion on AI last year and this figure is growing at a rapid rate. It is projected to be worth nearly $1.4 trillion by 2029. Many companies have started using AI technology to streamline and […]
2022 has been an abominably dismal year for crypto traders. We’ve seen four or five “once in a lifetime” events, with the market turmoil following the pandemic lockdowns, the historic Terra Luna collapse, insolvency from Celsius, 3AC, BlockFi, Voyager, and VAULD, then the horrendous FTX collapse, all which resulted in crypto users losing billions in […]
Read Time: 6minutes As newer blockchains continue to launch, cross-chain bridges are becoming more indispensable than ever to enhance the interoperability between blockchain ecosystems. Having said that, the new innovation also lays the surface for a large number of attack vectors. According to Chainalysis, Cross-chain bridge hacks alone make up to 69% of stolen funds in 2022. There …
