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**Blockchain Game Vulnerability Exploited for $4.6 Million Pre-Launch**
On June 7, 2023, the blockchain game “MetaAlpha” was exploited for $4.6 million just hours before its scheduled launch. The exploit targeted the game’s smart contract and allowed an attacker to mint an unlimited number of in-game assets. These assets were then sold on the in-game marketplace, generating a substantial profit for the attacker. The incident highlights the potential security risks associated with blockchain gaming, particularly during the pre-launch phase.
Zscaler, a provider of cloud-based cybersecurity solutions, reported better-than-expected earnings for its fiscal first quarter, driven by strong demand for its remote work security offerings. Despite the positive financial results, Zscaler’s stock price fell sharply in after-hours trading, raising concerns among investors. Analysts attributed the decline to the company’s cautious guidance for the current quarter and a broader sell-off in the technology sector. However, Zscaler’s long-term growth prospects remain intact, as the company continues to benefit from the increasing adoption of cloud computing and the growing need for cybersecurity solutions.
Police in Hong Kong have issued an alert about an SMS phishing scam, after it was revealed that over 446,000 in Binance user funds had been drained. Authorities have warned members of the public to exercise caution when handling online transactions.
3Commas, a leading crypto trading platform, has suffered a security incident, resulting in the unauthorized access to millions of users’ information. Customers’ sensitive data, including login credentials and financial information, have been targeted.
An alarming security breach occured at “Friend.Tech” this week, resulting in the loss of 234 ETH over the course of less than 24 hours. As of yet, the perpetrator has not yet been identified.
The tech giant GMX was hit with a large financial penalty due to an exposed security flaw that left hundreds of accounts vulnerable to malicious hackers. GMX took immediate action to rectify the issue and protect its customers, but the hefty price has now been paid.
IBM, Microsoft and several other major tech companies have joined forces to form the Cross-Industry Working Group on Post-Quantum Cryptography, an initiative dedicated to developing standards for quantum-proof cryptography.
On June 25th, the Mixin Network experienced a major security breach resulting in the theft of over $200M worth of cryptocurrency. The incident has sparked debate and criticism amongst the crypto community regarding the safety of digital assets.
When billionaire tech mogul Mark Cuban was hacked in 2017, he learned a valuable lesson: security matters. Now he’s teaching others about the risks of online crime and how to avoid becoming the next victim.