Security | Threat Detection | Cyberattacks | DevSecOps | Compliance

Blockchain

Cyber Threats in TON: How to Identify and Mitigate Risks

The Open Network (TON) is an innovative blockchain platform designed to enable a new era of decentralized applications and services. With its growing popularity, TON has attracted not only developers and users but also cybercriminals seeking to exploit its vulnerabilities. Understanding the potential cyber threats within the TON ecosystem is crucial for users and developers alike to safeguard their assets and data. In this blog post, we will delve into the various cyber threats facing TON, explore how to identify these risks, and provide strategies to mitigate them effectively.

WazirX Cyberattack: A Major Blow to the Indian Cryptocurrency Market

On Wednesday night, the Indian cryptocurrency platform WazirX experienced a significant cyberattack, resulting in the theft of at least $230 million worth of cryptocurrency. The breach was first detected by several blockchain security companies, including Elliptic, Arkham, and BlockSec. These firms observed large amounts of digital coins being siphoned out of WazirX before the platform acknowledged the security breach.

Unveiling the Wallet behind the Cyber Heist WazirX: A Deep Dive by Foresiet

In today's digital age, cyber theft has become a rampant issue, with malicious actors constantly devising new ways to exploit vulnerabilities and steal valuable assets. At Foresiet, our mission is to stay ahead of these threats by providing comprehensive threat intelligence and cybersecurity solutions. In our latest investigation, we have uncovered a cryptocurrency wallet potentially linked to a significant cyber heist.

Follow the Crypto Part 2: Tools and Techniques for Investigating Cryptocurrency Transactions

In part one of our “Follow the Crypto” series, we highlighted the growing need for cryptocurrency investigations in the fight against fraud. We discussed the hurdles that investigations face, from the anonymous nature of transactions to the complexity of analyzing blockchain data, but also noted some famous successful investigations.

Crypto Exchange Bybit Integrates Fireblocks Off Exchange

Fireblocks Off Exchange enables businesses across the world to trade on centralized exchanges without introducing counterparty risk. Today, we’re proud to share that Bybit is the newest exchange to integrate with Off Exchange. Bybit, a crypto exchange ranked the second-largest in the world, joins Deribit, with further integrations to follow. These include BIT, Bitget, Coinhako, Gate.io, One Trading, and OKX.

HTX Integrates Fireblocks Off Exchange

HTX is the latest global exchange to integrate with Fireblocks Off Exchange, a first-of-its-kind solution that enables trading firms and asset managers to mitigate counterparty risk while trading on centralized exchanges. Through integrating with Off Exchange, HTX looks to strengthen their digital asset security, streamline global compliance operations, and create a better virtual asset trading experience for their users.

Sygnum taps Fireblocks for new instant settlement network

Sygnum, a global digital asset banking group founded in Switzerland, is launching Sygnum Connect – their new, 24/7 instant settlement network for fiat, digital assets, and stablecoin transactions. Aimed at institutional investors, liquidity providers, stablecoin issuers, brokers, exchanges, and more, Sygnum Connect launches with connectivity to 200+ Sygnum institutional clients. Sygnum has tapped Fireblocks to provide the fiat settlement infrastructure for Connect.

Unlock new revenue streams with blockchain payments use cases

Blockchain technology is making a significant impact in the payments sector. Some of the largest names in the industry are utilizing blockchain, including the likes of: As top-tier organizations like these continue to launch blockchain initiatives, it’s become clear that blockchain can facilitate the movement of value in the same way SWIFT, SEPA, and FedNow can, and can even be more efficient than traditional rails at times.

How to build and launch an efficient and flexible blockchain payments solution

Your organization has identified a business and revenue opportunity to incorporate blockchain into your offering (or maybe launch a new product line that involves digital assets), and now you’re ready to implement this technology into a product offering. The question now is, “Where do we begin?” Ideally, your team will be working with partners and products that can easily fit into your existing tech stack and operational workflows.