Security | Threat Detection | Cyberattacks | DevSecOps | Compliance

The vulnerability allows an attacker to extract the full ECDSA private key from BitGo Ethereum TSS wallets using a single signature and a few seconds of computation, bypassing all of BitGo security features.

The first step in Anti-Money Laundering (AML) due diligence is to Know Your Customer (KYC). A financial institution (FI) promptly implements KYC processes to identify and confirm a new customer’s identification. These procedures enable FIs to evaluate the risk profile of a customer based on that person’s propensity for financial crime. KYC is a procedure that cryptocurrency exchanges are required to follow.

Finnish fintech Membrane Finance has announced that they will utilize Fireblocks to mint and secure their stablecoin, EUROe – Europe’s first EU-regulated full-reserve stablecoin and payment network. As the first Euro stablecoin in compliance with the forthcoming MiCA regulations, the EUROe fills a critical gap in the European market for digital assets and will enable broader development of the European digital asset ecosystem.

CrowdStrike has discovered the first-ever Dero cryptojacking operation targeting Kubernetes infrastructure. Dero is a relatively new and privacy-focused cryptocurrency that uses directed acyclic graph (DAG) technology to claim complete anonymity of its transactions. The combination of anonymity and the higher rewards ratio makes it potentially lucrative to cryptojacking groups compared to Monero, which is commonly used cryptocurrency by attackers or groups running miner operations.

India has recently implemented Anti-Money Laundering (AML) standards on cryptocurrency and crypto exchange platforms, specifically focusing on transaction accountability. This move comes as India aims to regulate and monitor the rapidly growing cryptocurrency and crypto exchange industry, which has been a topic of controversy due to its association with illegal activities such as money laundering and terrorism financing.

National Australia Bank has completed an intra-bank, cross-border transaction using NAB-issued stablecoins. This represents a world-first by a major financial institution on a layer-one public blockchain (Ethereum). The pilot transaction involved the deployment of stablecoin smart contracts for 7 major global currencies, namely Australian, New Zealand, Singapore and US dollars, Euro, Yen, and Pound Sterling.

Fireblocks will host the first-ever Fireblocks BUIDLathon at this year’s ETHDenver, the largest and longest-running ETH-focused event in the world. With $25,000 in prizes up for grabs, the Fireblocks BUIDLathon is an exciting chance to gain early access to a Fireblocks Developer Sandbox to build new Web3 products. Read on to learn everything you need to know about the competition.