Security | Threat Detection | Cyberattacks | DevSecOps | Compliance

ByBit’s recent attack has exposed a critical flaw in how many exchanges approach security. The real-time transaction manipulation that took place wasn’t just an unfortunate event—it was a direct consequence of mispurposed security architectures that sophisticated attackers are all too ready to exploit.

Plugins are shared libraries that conform to a documented API, hooking into the core functionalities of Falco to allow things such as adding new event sources that can be evaluated using filtering expressions/Falco rules. Since Falco is open source, users can build plugins for just about any arbitrary 3rd party event source. In recent blog posts, we discussed how Falco can be extended to event stream sources such as Gitlab, Salesforce and Box via the Falco Plugin architecture.

Another major crypto exchange has fallen victim to a hack—this time, Bybit. While the full impact is still unfolding, one thing remains undeniable: storing assets in exchange wallets exposes traders to unnecessary risks. In today’s market, this risk is increasingly unnecessary and manageable, particularly with solutions like off exchange settlement.

Decentralised Finance (DeFi) is redefining the utility of financial services by opening up access to lending, trading, and yield generating without relying on traditional intermediaries. To execute on DeFi strategies, seamless wallet connectivity is essential. To make this possible, Fireblocks has integrated with WalletConnect. In this blog, we’ll outline how the team has approached investigating issues related to WalletConnect sessions.

Tokenization, or the process by which assets are converted into tokens that can be moved, stored, or recorded on a blockchain, enables a transparent, well-governed financial system. It empowers interested participants to utilize financial services and access capital markets with ease and efficiency. We’re currently seeing active examples of tokenization projects across multiple asset classes, such as commodities, debt securities, equity securities, and real estate.

We’re proud to announce that Fireblocks has been named to the Forbes Fintech 50 for the fifth year in a row. This recognition highlights our ongoing work to transform the world of digital asset security. Being included on this prestigious list reflects the significant progress we’ve made in providing a comprehensive suite of tools for managing digital asset operations, along with a full development platform to help customers build a wide array of businesses on the blockchain.

If you’ve ever had to pay someone who lives overseas, you’re probably aware of the wide variety of problems that can come with international payments. The traditional correspondent banking model results in high fees for both FX and transaction costs, along with settlement times that can range from 1-5 days.

Last month we officially rolled out the Fireblocks Network, the first and only digital asset transfer network for institutions. The Network adds a new layer of security and efficiency to digital asset movement, enabling members to find, connect, and settle with the largest financial institutions instantly and securely – all while remaining on-chain.

We are excited to announce an integration with Soneium, the Ethereum Layer-2 blockchain built by Sony Block Solutions Labs, a joint venture between Sony Group Corporation and Startale Group. Soneium provides accessible, user-centric solutions that empower individuals, creators, and enterprises to build, connect, and thrive in a borderless digital ecosystem.