Tag: Firm

Security firm discovers $500M vulnerability in Tron multisig accounts

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A research team at dWallet Labs has discovered a zero-day vulnerability in Tron multisig accounts, allowing an attacker to bypass the multisignature mechanism and sign transactions with a single signature. In a technical breakdown post, the research team said the vulnerability could have impacted $500 million in assets held in Tron multisig accounts. This is because it allows any signer to “completely overcome the multisig security offered by TRON.” 0d, our superstar cybersecurity research team, discovered a vulnerability in TRON multisig accounts putting over $500M of digital assets at risk…

Do Kwon retains Dentons law firm to defend against US charges

Terra co-founder Do Kwon enlisted the services of global law firm Dentons following a passport forgery case, and extradition requests in Montenegro. Denton has been a highly ranked global law firm, and will help Do Kwon in his legal struggles. Addressing legal challenges Terra co-founder Do Kwon, who is embroiled in a passport forgery case in Montenegro, faced a setback as the court revoked his bail. Prosecutors successfully argued that Do Kwon posed a flight risk, deeming the initial bail amount insufficient for house arrest.  As discussions surrounding his potential…

Crypto firm Gemini picks Ireland as European base amid US crypto blues

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Crypto exchange Gemini has selected Dublin as the headquarters for its European operations, amid a backdrop of crypto companies seeking expansion outside of the United States. On May 25, Cameron and Tyler Winklevoss, who founded Gemini in 2014, confirmed that they had selected Ireland as a base to grow the company’s services across Europe. In a meeting with Ireland’s Prime Minister Leo Varadkar, the twins said that they chose the Emerald Isle because of its robust regulatory system, deep talent pool and established technology community. Congratulations @Gemini -the first firm registered…

Crypto hacks falling in Q1 is but a ‘temporary reprieve’ — Blockchain firm

The crypto community is being urged not to let their guard down despite a significant decline in crypto hacks during the first quarter of 2023 — with one firm warning it is most likely a “temporary reprieve, rather than a long-term trend.” 2022 was the biggest year for crypto hacking in history, with an estimated $3.8 billion stolen, primarily from decentralized finance (DeFi) protocols and North Korea-linked attackers, according to a report from Chainalysis earlier this year. However, this number appears to have drastically reduced in the first quarter of…

MicroStrategy Executive Chairman Michael Saylor Says Firm Exploring Use Cases for Bitcoin Ordinals

MicroStrategy’s Michael Saylor recently suggested that Bitcoin Ordinals could immensely benefit the crypto ecosystem.  MicroStrategy Incorporated (NASDAQ: MSTR) co-founder and Executive Chairman Michael Saylor has discussed his company’s work with Bitcoin Ordinals. In a media session, Saylor revealed that his company was exploring how the Bitcoin-backed non-fungible tokens (NFTs) could lead to software innovation. According to the innovative crypto executive, MicroStrategy was interested in assessing the application development potential of Bitcoin Ordinals. Although Saylor did not expressly state the Ordinal use cases that MicroStrategy looked to tap into, he pointed out inherent Bitcoin blockchain diversity.…