Welcome to our

Cyber Security News Aggregator

.

Cyber Tzar

provide a

cyber security risk management

platform; including automated penetration tests and risk assesments culminating in a "cyber risk score" out of 1,000, just like a credit score.

Clever Cryptocurrency Theft

published on 2022-04-20 13:57:49 UTC by Bruce Schneier
Content:

Beanstalk Farms is a decentralized finance project that has a majority stake governance system: basically people have proportiona votes based on the amount of currency they own. A clever hacker used a “flash loan” feature of another decentralized finance project to borrow enough of the currency to give himself a controlling stake, and then approved a $182 million transfer to his own wallet.

It is insane to me that cryptocurrencies are still a thing.

Article: Clever Cryptocurrency Theft - published over 2 years ago.

https://www.schneier.com/blog/archives/2022/04/clever-cryptocurrency-theft.html   
Published: 2022 04 20 13:57:49
Received: 2022 04 20 14:07:38
Feed: Schneier on Security
Source: Schneier on Security
Category: Cyber Security
Topic: Cyber Security
Views: 1

Custom HTML Block

Click to Open Code Editor