Crypto protocols have warned that an increase in AI use has led to a flood of bogus bug bounty submissions, putting a strain on teams trying to identify real threats to their protocols. Bug bounties are a system to reward “good” hackers for submitting reports about potential vulnerabilities and are popular in the crypto industry….
Privacy-focused crypto protocol Umbra said it has taken down its front-end website to make it more difficult for hackers who have been using it to move funds from recent “high-profile hacks.” Umbra posted to X on Tuesday that it is aware that around $800,000 worth of stolen funds was moved via its protocol. It added…
Sullivan & Cromwell’s Andrew Dietderich said the company has AI policies to prevent incorrect citations and other errors, but procedures weren’t followed on this occasion. Wall Street law firm Sullivan & Cromwell has apologized to a federal judge after submitting a court filing that contained around 40 incorrect citations and other errors caused by AI…
Sun said the lawsuit is to protect his rights as a WLFI token holder and doesn’t change his support of US President Donald Trump and his administration’s efforts to make the US crypto-friendly. Tron founder Justin Sun said he is suing Trump-family-backed World Liberty Financial for allegedly freezing his tokens and threatening to burn them…
Coinbase’s quantum researchers have highlighted Algorand and Aptos’ work to prepare their networks for potential threats from quantum computing in a report on Tuesday, as they warned that other proof-of-stake chains may be more vulnerable to attacks. Coinbase’s Independent Advisory Board on Quantum Computing and Blockchain released a paper outlining the threat that quantum computers…
Ripple’s role in Singapore’s BLOOM: A controlled step toward stablecoin integration Singapore has strengthened its position as a leading hub for tokenized finance through Project BLOOM (Borderless, Liquid, Open, Online, Multi-currency). This collaborative initiative brings together a group of traditional banks, fintech firms and stablecoin providers to evaluate how digital settlement assets can be integrated…
A senior US military commander has lauded Bitcoin as a “valuable computer science tool,” arguing its usefulness extends beyond monetary applications and can support US national security interests. “It is a valuable computer science tool, as a power projection,” Admiral Samuel Paparo said at a Senate Armed Services Committee hearing on Tuesday, adding that Bitcoin’s…
In brief Mozilla says Anthropic’s Claude Mythos identified 271 vulnerabilities in Firefox during testing. Anthropic is restricting the model to vetted partners through Project Glasswing because of cybersecurity risks. Researchers warn that the same capability could accelerate automated cyberattacks. For decades, attackers have had the advantage in cybersecurity. Artificial intelligence may be about to change…
Prediction market exchange Kalshi is reportedly preparing to expand into cryptocurrency trading by introducing perpetual futures contracts, marking a major shift beyond its core event-based derivatives business. In a Tuesday report, The Information cited people familiar with the matter as saying Kalshi plans to offer perpetual futures — commonly known as “perps” — on cryptocurrencies…
In brief Core Scientific, which mines Bitcoin, said it would offer $3.3 billion worth of speculative-grade debt to capitalize on the AI boom. The firm is currently developing six data center facilities under a deal with cloud-computing firm CoreWeave, per Bloomberg. The company said last month that it is willing to sell the entirety of…