Security News

The United States Securities and Exchange Commission (SEC) has filed a lawsuit against Nova Labs, the firm behind the open-source Helium Network, just days before SEC chair and known crypto critic Gary Gensler steps down as chair on Jan. 20. The SEC alleges that the company sold unregistered investment products, including those that mine cryptocurrency […]

The United States Securities and Exchange Commission has charged Digital Currency Group (DCG) and former Genesis CEO Soichoro “Michael” Moro with misleading investors about the financial health of Genesis in the aftermath of the Three Arrows Capital (3AC) collapse. According to the Jan. 17 filing, DCG and Moro have agreed to pay a combined $38.5 […]

MakersPlace, a digital art platform specializing in non-fungible tokens, is shutting down amid a sharp drop in the NFT market. The company, launched in 2018, announced its closure on Jan. 15 after six years of operations. “Ongoing market challenges and funding difficulties have made it impossible to sustain operations while fulfilling our mission,” MakersPlace’s content […]

Arkansas lawmakers have introduced a new bill that would ban crypto mining operations within 30 miles of any US military facility in the state. Senate Bill (SB 60) was introduced by Senator Ricky Hill and House Speaker Brian Evans on Jan. 15, aiming to amend the Arkansas Data Centers Act of 2023 to keep crypto […]

An unexpected bug in an audited smart contract led Virtuals Protocol, a blockchain firm focused on artificial intelligence agents, to issue a timely fix and relaunch its bug bounty program. On Dec. 3, pseudonymous security researcher Jinu contacted Virtuals Protocol after discovering a bug in one of its audited contracts. However, upon reporting the issue, […]

Two US Republican Party lawmakers are calling on the Treasury Department to provide answers to how a Chinese state-sponsored entity hacked and accessed employee workstations. In the Dec. 31 letter to Treasury Secretary Janet Yellen obtained by Law360, Senator Tim Scott, a member of the Senate Banking Committee, and Representative French Hill, the House Financial […]

The US Department of Defense’s Chief Digital and Artificial Intelligence Office (CDAO) has concluded a pilot program focused on using AI chatbots in military medical services. In a Jan. 2 announcement, the DoD said the Crowdsourced AI Red-Teaming (CAIRT) Assurance Program pilot focused on using large-language models (LLM) for clinical note summarization and as medical advisers in the […]

Losses from crypto scams, exploits and hacks tapered off in the last months of 2024, with December registering as the smallest month of hacks in the entire year. Blockchain security firm CertiK said in a Dec. 31 post on X that there were $28.6 million known losses to exploits, hacks, and scams in December, compared to $63.8 million in […]

Less than a month before a new United States presidential administration and Congress are set to be sworn into office, many figures in the digital asset industry are speculating the change in leadership could lead to more favorable regulations and laws. For some executives, any change in policy from the US government could be apparent […]

The Chinese foreign exchange regulator introduced foreign exchange rules requiring the country’s banks to monitor and flag risky trades involving crypto assets. On Dec. 31, the South China Morning Post reported that mainland China’s new rules will make it more difficult for residents to buy digital assets. Under the rules, banks must monitor and report risky forex […]