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Chainalysis unveils Operation Spincaster, combatting $2.7B in crypto scams

Flyhightechno July 19, 2024News

Chainalysis launched Operation Spincaster in April, which targets “approval phishing” scams through education, tools, and training. Source link

TON’s Teleport BTC bridge will be ‘highly resistant’ to private key compromises

Flyhightechno July 19, 2024News

TON Foundation marketing director Jack Booth explained that the protocol will ensure that private keys are not created or held by a single party. Source link

Crypto market faces structural weakness: Binance report

Flyhightechno July 19, 2024News

Despite recent improvements, the crypto market remains down 14% from its peak, with new capital inflows slowing and a “Player vs. Player” market emerging. Source link

WazirX breach post-mortem: Dismantling the $230M attack

Flyhightechno July 19, 2024News

The WazirX breach highlights vulnerabilities in multisig wallets despite stringent security measures, with hackers exploiting discrepancies in data. Source link

Web3 experts cite innovation and PR as key challenges for NFT adoption

Flyhightechno July 19, 2024News

Web3 professionals discuss the barriers to broader NFT adoption, including the need for new narratives, improving reputation and simplifying user experiences. Source link

Chainlink’s tokenization sandbox cuts trials to days instead of months

Flyhightechno July 19, 2024News

The sandbox could lead to more financial institutions adopting asset tokenization solutions. Source link

Li.Fi releases incident report following $11M hack

Flyhightechno July 19, 2024News

The team also announced it was working on a voluntary compensation plan to reimburse 100% of funds to users affected by the exploit. Source link

$520B state-owned Italian bank trials digital bonds on Polygon

Flyhightechno July 19, 2024News

The trial was part of an initiative set up by the European Central Bank to identify how blockchains can facilitate central bank money settlement. Source link

WazirX hacker funnels $149M of SHIB, MATIC other altcoins into ETH

Flyhightechno July 19, 2024News

Blockchain security firms say bad actors typically move altcoins into Ether to prepare for laundering, as the native token has no built-in means to get frozen. Source link

How brands can transform loyalty programs with Web3: Polygon Labs

Flyhightechno July 19, 2024News

Polygon researchers argued that brands could use Web3 data to create more targeted products, services and marketing campaigns. Source link

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