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‘Threat not diminished’: Why is India’s RBI ramping up crypto warnings?

India's Reserve Bank of India (RBI) has reiterated strong opposition to cryptocurrency legalization, warning a parliamentary committee that virtual digital assets (VDAs) like Bitcoin pose serious risks to financial stability and can facilitate illegal activities. The RBI argues that crypto operates outside the traditional banking system and is difficult to regulate, especially with many service providers based overseas. In contrast, the Institute of Chartered Accountants of India (ICAI) advocates for a comprehensive regulatory framework rather than a ban, proposing to develop accounting and compliance standards for VDAs. This debate occurs as India taxes crypto transactions without granting them legal status, with the 2026 budget proposing stricter compliance rules. The warnings come amid data showing a slowdown in retail crypto trading and a record number of security breaches in the first half of 2026, although total theft losses decreased. Industry experts note the underlying threats have become more sophisticated, contributing to a challenging year for crypto marked by regulatory uncertainty and reduced retail participation.

ambcryptoHace 5 hora(s)

‘Threat not diminished’: Why is India’s RBI ramping up crypto warnings?

ambcryptoHace 5 hora(s)

Top Audit Guru Alerts: All DeFi is Unsafe, Withdraw Now!

Leading DeFi security auditor and OpenZeppelin founder Manuel Aráoz has issued a stark warning, declaring all DeFi protocols unsafe and advising the withdrawal of funds, even from established platforms like Aave and MakerDAO. This warning stems from the rapidly growing threat posed by AI-powered hacking tools. Aráoz highlights that AI agents can now identify and exploit smart contract vulnerabilities in minutes, a task that previously took expert teams weeks. This creates a critical asymmetry: defenders must patch every flaw, while attackers need only find one. Recent months have seen a surge in high-profile exploits, with billions lost in April and May alone across protocols like Drift Protocol, Kelp DAO, and THORChain. The acceleration is attributed to AI's ability to perform rapid code scanning, generate automated attack scripts, and even orchestrate social engineering and infrastructure attacks faster than human defenders can respond. The article cites Anthropic's powerful new AI model, Mythos, which demonstrated such proficiency in finding zero-day vulnerabilities that its public release was delayed over security concerns. This evolution fundamentally disrupts DeFi's risk-reward calculus. With yields on reliable protocols falling to single digits, users now face the potential of 100% capital loss for minimal returns. Aráoz's conclusion is that for most users, withdrawing funds to secure wallets is the most rational risk-management choice in the current landscape.

Odaily星球日报05/28 03:57

Top Audit Guru Alerts: All DeFi is Unsafe, Withdraw Now!

Odaily星球日报05/28 03:57

Ethereum Targets North Korea’s Secret Workforce — Are Your Favorite DeFi Protocols Compromised?

The Ethereum Foundation's ETH Rangers Program, a security initiative launched in late 2024, has identified approximately 100 North Korean (DPRK) IT operatives who had infiltrated around 53 different crypto projects using fake identities. The program, a collaboration with security groups like Secureum and SEAL, also recovered or froze over $5.8 million in funds and reported more than 785 vulnerabilities. A key project within the initiative, Ketman, focused specifically on uncovering these DPRK agents, published detailed reports, and developed open-source tools for detecting suspicious activity. This effort highlights the ongoing threat of state-sponsored North Korean hacking groups within the crypto ecosystem and the industry's increasing focus on robust security measures and transparent hiring practices to mitigate risks.

bitcoinist04/17 22:02

Ethereum Targets North Korea’s Secret Workforce — Are Your Favorite DeFi Protocols Compromised?

bitcoinist04/17 22:02

From Theory to Countdown: Google Sounds the Blockchain Quantum Resistance Alarm with Zero-Knowledge Proofs

An article discusses the significant threat quantum computing poses to blockchain and classical encryption systems, triggered by Google's recent research. By optimizing Shor's algorithm, Google reduced the logical qubits required to break 256-bit elliptic curve encryption from around 6,000 to just 1,200—slashing computational costs by 20 times. This advancement sets a potential countdown, with Google estimating 2029 as the deadline for upgrading to quantum-resistant cryptography. Both Bitcoin and Ethereum face severe risks. About 25-35% of Bitcoin addresses have exposed public keys, making them vulnerable to attacks, especially during transaction processing. Ethereum’s design exposes public keys upon first use, jeopardizing its entire network if signatures aren’t updated. Historical blockchain data remains permanently available for future quantum attacks. The solution lies in adopting post-quantum cryptography (PQC). Ethereum is already implementing account abstraction and PQC-based signatures, leveraging its upgradeable architecture. Bitcoin is considering BIP-360 to introduce quantum-resistant algorithms like FALCON or CRYSTALS-Dilithium, though consensus may delay action. Notably, Google used zero-knowledge proofs to disclose this threat responsibly, aiming to prevent panic. Collaboration with Ethereum Foundation researchers suggests抗量子 (quantum resistance) could become a major narrative, aligning with crypto’s cryptographic roots.

marsbit04/16 06:38

From Theory to Countdown: Google Sounds the Blockchain Quantum Resistance Alarm with Zero-Knowledge Proofs

marsbit04/16 06:38

All about why blockchain firms will now become part of U.S Treasury’s cybersecurity program

The U.S. Department of the Treasury has launched a new initiative through its Office of Cybersecurity and Critical Infrastructure Protection (OCCIP) to include blockchain and crypto firms in a cybersecurity program. This move aims to share timely cyber threat intelligence to help these firms prevent and respond to attacks. The announcement comes amid ongoing security challenges in the crypto industry, highlighted by incidents like the 2026 Drift Protocol attack, which resulted in approximately $285 million in losses and was linked to state-backed cyber operations. The article underscores that security vulnerabilities remain a critical systemic risk in crypto, capable of triggering prolonged market downturns, as seen during the 2022 crash following the collapse of FTX. By providing early warnings and fostering coordinated risk management, the Treasury’s program seeks to strengthen institutional confidence and reduce the likelihood of future large-scale market disruptions.

ambcrypto04/10 23:02

All about why blockchain firms will now become part of U.S Treasury’s cybersecurity program

ambcrypto04/10 23:02

Alert Across the Internet! Claude Code Source Code Leak Triggers "Secondary Disaster": Hackers Set GitHub Phishing Traps

A major security alert is circulating online following the accidental leak of Claude Code's source code by Anthropic. Hackers are exploiting the incident by creating fake GitHub repositories that distribute the information-stealing malware known as **Vidar**. Posing as a user named `idbzoomh`, the threat actor set up multiple repositories claiming to offer "unlocked enterprise features" from the leaked source code. These repositories are optimized for search engines to appear at the top of results for queries like “Claude Code leak,” increasing their reach. If a user downloads and executes the provided files, the Vidar malware is deployed. It is a sophisticated stealer designed to harvest sensitive data such as browser credentials, cryptocurrency wallets, and personal information. The attack also installs **GhostSocks**, a proxy tool that establishes hidden communication channels for remote control and data exfiltration. Security firm Zscaler notes that these malicious repositories update frequently, making it easier to bypass basic security scans. At least two similar repositories have been identified, suggesting the same attacker is testing different distribution methods. This incident highlights the compound risks in the AI era, where initial human error leads to secondary threats like social engineering. Developers are urged to obtain software only through official channels and avoid executing untrusted binaries.

marsbit04/03 01:06

Alert Across the Internet! Claude Code Source Code Leak Triggers "Secondary Disaster": Hackers Set GitHub Phishing Traps

marsbit04/03 01:06

Is crypto security at risk? Google warns of 20x faster quantum threat

Google's research indicates quantum computing advances could threaten cryptocurrency security by breaking widely used encryption standards. The report warns cryptographically relevant quantum computers (CRQCs) with approximately 1,200-1,450 logical qubits could potentially break 256-bit elliptic curve encryption in minutes. This capability might compromise Bitcoin private keys in under nine minutes and expose up to 1,000 Ethereum wallets in roughly nine days, with an estimated 6.7 million Bitcoin addresses currently vulnerable. Google emphasizes a 20-fold reduction in required physical qubits, accelerating the quantum threat timeline. In response, Google advocates transitioning to post-quantum cryptographic standards by 2029, though implementation requires coordinated upgrades and policy changes. Failure to adapt may lead to exploitation risks and market instability. Asian countries show the highest search interest in post-quantum cryptography solutions.

ambcrypto03/31 16:03

Is crypto security at risk? Google warns of 20x faster quantum threat

ambcrypto03/31 16:03

Is Quantum Computing A Threat To Bitcoin? ARK Invest Breaks It Down

ARK Invest and Unchained's research paper examines the potential threat quantum computing poses to Bitcoin's cryptography. The authors conclude it is a legitimate long-term concern but not an imminent threat. Current quantum systems are in the "NISQ era" with limited qubits and high error rates, far from the estimated requirement of at least 2,330 logical qubits to break Bitcoin's encryption. The report describes quantum development as a gradual progression, not a sudden event, providing ample warning and time for the market and network to adapt. It estimates that roughly 35% of Bitcoin's supply could theoretically be exposed, but many of these coins are either lost or can be migrated to safer address formats. The paper highlights that meaningful quantum breakthroughs would disrupt broader internet security first, triggering a coordinated response. While the technical risk is distant, it raises future governance challenges, as upgrading Bitcoin's cryptography would require community consensus. The authors frame the issue as a manageable long-term engineering problem rather than an abrupt point of failure.

bitcoinist03/12 16:02

Is Quantum Computing A Threat To Bitcoin? ARK Invest Breaks It Down

bitcoinist03/12 16:02

Web3 Security Stack Highlights Threat from Malicious NPM Package

Web3 Antivirus has identified a malicious NPM package disguised as an OpenClaw installer that deploys a Remote Access Trojan (RAT) targeting macOS users. The package, once installed, launches a fake CLI installer and prompts for the Keychain password. If provided, it steals sensitive data including seed phrases, browser credentials, wallet information, and SSH keys, sending them to the attacker’s server. Previously, Web3 Antivirus warned about legitimate Chrome extensions—QuickLens and ShotBird—that turned malicious after ownership transfers. These were used to inject malicious scripts and steal user data, including exchange session details and wallet credentials. Looking ahead to 2026, key Web3 security threats include smart contract exploits (due to logic errors and access control issues), phishing, social engineering, wallet drainers, and oracle manipulation. The primary goals of these attacks are data theft and fund draining.

TheNewsCrypto03/10 12:10

Web3 Security Stack Highlights Threat from Malicious NPM Package

TheNewsCrypto03/10 12:10

Quantum Threat Behind Bitcoin’s Decline? Analyst Points To Google Search Data

Charles Edwards, founder of Capriole Investments, has highlighted a correlation between Bitcoin's price peak and a surge in Google searches for "Quantum Computing Bitcoin." Analysis of the data shows that public interest in the quantum computing threat to Bitcoin spiked significantly during the asset's recent bull run, suggesting that risk evaluation was at a maximum when the price was highest. Edwards posits that this awareness led to derisking, acting as a leading indicator for the subsequent price decline, stating "The Quantum threat drove Bitcoin down." While interest has decreased with the price drop, it remains elevated compared to earlier lows, indicating a higher baseline of concern. Analyst Willy Woo also noted that the long-term trend of Bitcoin's value against gold broke down as quantum computing risks entered public awareness. At the time of writing, Bitcoin is trading around $68,600.

bitcoinist02/17 07:21

Quantum Threat Behind Bitcoin’s Decline? Analyst Points To Google Search Data

bitcoinist02/17 07:21

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