This article is the second in a four-part series discussing the differences between traditional IT security / cybersecurity and blockchain security. Check out the first article in the series discussing the differences for node operators. This article focuses on the differences between application security (AppSec) for traditional applications and smart…

Blockchain is a rapidly-evolving technology with a great deal of interest and investment. Decentralized Finance (DeFi), in particular, has a great deal of money invested in it as well as a growing number of high-profile and expensive hacks. …

The most comprehensive ranked list of the biggest crypto hacks in history (Up until November 1, 2022. I suspect a larger one is just behind the corner) It wasn’t easy digging through the entire history of cybercrime involving cryptocurrencies, but we wanted to get to the bottom of which ones…

$566M worth of BNB was stolen from Binance’s cross-chain bridge BSC Token Hub, but how they responded to the hack will be the most memorable part. Decentralization is a hot button topic in web3, and Binance is (at the time of writing) the biggest crypto exchange by trading volume in…

The only way to understand how the Beanstalk Farms decentralized credit-based stablecoin protocol exploit happened is to first understand flash loans, which are a little known financial tool unique to the DeFi (decentralized finance) space, as well as governance. A flash loan is, like it sounds, a very fast loan…

Code reuse is considered best practice in software engineering. Reusing high-quality, secure code can speed development processes and often results in higher-quality code than software developed entirely from scratch. …

Decentralization is a hot-button topic in 2022. To some, it seems like the solution to a variety of issues plaguing the so-called web2 ecosystem, such as the monopolization of social media, the centralized control over the flow of information, and bad data privacy and data monetization practices. …

The $611M Poly Network exploit is the largest crypto hack to date in terms of mark-to-market value and all the stolen funds were returned, but the identity of the hacker is still unknown. Dubbed “Mr. White Hat” by the Poly Network security team, the anonymous perpetrator of the biggest crypto…

Getting to the bottom of the exploit that led to one of the biggest hacks in the history of decentralized finance. In order to understand the $160M Wintermute hack, we first need to understand algorithmic market makers and how they work in DeFi (decentralized finance), since that’s what Wintermute is. …