X-Industry

More than $22 million worth of cryptocurrency was stolen from the Gala Games this week after someone compromised the blockchain platform.  The company confirmed that it dealt with a security incident on 20 May, writing on social media that it was an “isolated incident, the cause of which has been addressed.”

“We are working closely with law enforcement to investigate the individuals behind the breach,” the company said, noting that it will provide updates as the investigation continues.  Gala Ga

Eclipse attacks are a special type of cyberattack where an attacker creates an artificial environment around one node, or user, which allows the attacker to manipulate the affected node into wrongful action.  By isolating a target node from its legitimate neighboring nodes, eclipse attacks can produce illegitimate transaction confirmations, among other effects on the network. While these types of attacks isolate individual nodes, the effectiveness of eclipse attacks at disrupting network nodes a

US banks are backing away from crypto companies, concerned by a regulatory crackdown that threatens to sever digital currencies from the real-world financial system.  Banking regulators are raising concerns about banks’ involvement with crypto clients following last year’s blowup of Sam Bankman-Fried’s FTX. The Securities and Exchange Commission is aggressively pursuing the industry’s bigger players in a crackdown that threatens to narrow their reach.  That move has alarmed bankers who don’t wan

German car dealers and distributors have found a new use for blockchains: acquiring and financing their customers quickly and with less paperwork than traditional bank loans.  Using Ethereum smart contracts – computer protocols that facilitate, verify or enforce the negotiation of an agreement – dealerships can provide their clients with immediate access to fiat currencies through dealer credit applications.  But this family-owned dealership has embraced the blockchain by incorporating cryptocur

Activity Summary - Week Ending 22 January 2021:

• Keylogged: imports1@fairdealfurniture.biz - Mombasa Kenya
• Red Sky Alliance observed 29 unique email accounts compromised with Keyloggers
• Analysts identified 19,902 connections from new unique IP Addresses
• 1,957 new IP addresses participating in various Botnets
• Ursnif (Gozi) banking Trojan
• ElectroRat Crypto-Stealing
• JetBrains
• Social Media Alternative Parler is under Siege
• The Word of the Moment – Purge
• Censorship-Resistant Blockchain Social Media
• S

The Air Force Institute of Technology[1] (AFIT) has releases free “Blockchain for Supply Chain” tools for supply chain professionals to learn about and use the power of block chain technology.  AFIT recently published a live blockchain application that can be accessed from any computer or smart phone, along with a complementary series of tutorial videos that presents blockchain simulation.  These videos can be used as a stand-alone classroom module, or the video and the blockchain website can be