FinTech news in security category

The Ledger Extension is compatible with Ethereum- and Polygon-based dApps and platforms and plans to support more EVM-compatible chains and Solana in the future, the company shared.

The distressing loss prompted Le Nguyen to develop security solutions for crypto transactions with the help of his co-founder Jake Harwood, an effort that eventually became Staging Labs.

While there are a number of web3 security companies out there, Stelo Labs focuses on helping prevent malicious transactions, phishing and social engineering for Ethereum-based users, Dhesi said.

U.S. senators Marsha Blackburn, Republican of Tennessee, and Cynthia Lummis, Republican of Wyoming, exclusively shared with journalist the reformed legislation, the Cryptocurrency Cybersecurity Information Sharing Act, which would amend the Cybersecurity Information Sharing Act of 2015 to include cryptocurrency firms. As regulators around the world try to provide frameworks for the digital asset industry, two U.S. senators have introduced a bill to help crypto companies report cybersecurity threats. In general, Lummis has been a vocal supporter of the crypto industry and has sponsored and proposed new bills focused on the crypto industry in recent months. In June, Lummis proposed a bipartisan crypto bill alongside Senator Kirsten Gillibrand, Democrat of New York, with a goal of installing guide rails around the digital asset sector.

The announcement comes two months after the country’s financial watchdog said it is proving $3.4 billion in abnormal money transfers, possibly related to crypto activities after South Korea’s two largest commercial banks — Shinhan Bank and Woori Bank — internally inspected and found some dubious foreign currency transfer in June. The FSS also said the probe found that 82 corporations, including travel-related and cosmetic firms, have been involved in the abnormal money transfers so far. The authorities confirmed that most dubious foreign money remittances involved crypto-related activities because the transactions were transferred from cryptocurrency exchanges to local companies, then sent abroad. U.S. dollars accounted for 81.8% of the abnormal money transfer, while Japanese Yen and Hong Kong dollars were 15.3% and 3.1%, respectively.

Evgeny Gaevoy, the founder and chief executive of Wintermute, disclosed in a series of tweets that the firm decentralized finance operations had been hacked, but centralized finance and over the counter verticals aren’t affected. Wintermute, a leading crypto market maker, has lost about $160 million in a hack, a top executive said Tuesday, becoming the latest firm in the industry to suffer a breach.

An unknown actor had drained funds from 7,767 wallets on the Solana network as of 5am UTC on Wednesday, Solana’s Status Twitter account said. Solana spokesperson Chris Kraeuter declined to answer our questions, but referred us to Solana’s Status Twitter account.

Right now, the company gets largely paid through affiliate fees and exchange of data. opts in for a suggested insurance plan Clicks into a location-based offer Answers market research or campaign measurement questions Or scans Pogo card for a discount when buying a prescription In the next iteration, Wong says, Pogo will suggest users to turn to fee-free banking alternatives, and then Pogo can make money through affiliate fees.