Security
The Web3 world is filled with both opportunities and risks. This topic will provide you with a comprehensive analysis of security incidents in Web3, uncover common attack methods and vulnerabilities, and offer practical asset protection strategies and guidance.
This article discusses BTC market dynamics and the challenges of the "buy the dip" strategy, and addresses readers' concerns about Bitcoin Core client no longer supporting private key import. It concludes that Bitcoin Core still supports private key import, just requiring new methods.
TeleportDAO and Eigen Labs recently co-authored a paper addressing the security and efficiency issues light nodes face in accessing and verifying on-chain data within Proof of Stake (PoS) blockchains. The paper introduces a novel solution that enhances the security and efficiency of light nodes in PoS blockchains through various measures such as economic incentives, insured pre-security mechanisms, customizable "programmable security," and cost-effectiveness.
Recently, scams in the cryptocurrency space have become rampant, leading to losses of 4.6 billion dollars in 2023 and 500 million dollars already lost in early 2024. Common problems include vulnerabilities in DeFi protocols (like flash loan attacks and oracle manipulation), phishing websites, and fake airdrops. To protect yourself, enhance your security awareness, regularly check and revoke unknown authorizations, use cold wallets for most of your assets, and avoid clicking on unknown links or downloading unfamiliar plugins.
OneBalance is a framework for creating and managing cross-chain accounts, enabling chain abstraction through an account-centric ecosystem. This article discusses how the OneBalance framework facilitates the transition of the Web3 ecosystem from a chain-centric to an account-centric model.
Unlike Aptos, Sui, and Linera, which are all L1 public chains based on the Move language, the new generation Movement is focusing on L2. It has launched the first Ethereum L2 based on the Move language, aiming to leverage the underlying execution performance and security advantages of Move and further integrate the ecological advantages of EVM. This allows developers to launch Solidity projects on M2 without writing Move code.
Fully Homomorphic Encryption (FHE) represents the cutting edge of privacy protection technology. It offers exceptional privacy safeguards and can be utilized in Web3 for securing transaction privacy, protecting AI data, and enhancing privacy in co-processing units.
The essence of this attack lies in the creation of the market (soToken), where the attacker performed the first collateral minting operation with a small amount of the underlying token, resulting in a very small "totalSupply" value for the soToken.
Recently, several Web3 participants have lost funds from their accounts due to downloading a fake Chrome extension that reads browser cookies. The SlowMist team has conducted a detailed analysis of this scam tactic.
In this in-depth research, we will examine recent high-profile events, get to the bottom of this sneaky attack, and provide you with the knowledge you need to protect your digital assets.