After weeks of non-stop hacks, we finally got a bit of a break where we can catch up on fun research papers and a fun DeFi security workshop from Binance.
Let’s dive into the news, but first a special thanks to our sponsors at Trail of Bits:
News
Russian-language hacker forums created a $100K+ prize pool for research papers on ways to attack cryptocurrency assets, exchanges, and related tech.
US Government prioritizes blockchain analytics and ransomware investigations to combat future attacks on critical infrastructure such as the Colonial Pipeline and JBS hacks.
Hacks
On June 3, 2021 Sia reported a persistent DDoS attack targeting storage providers resulting in 30% of them losing connections to the network.
On June 3, 2021 PancakeHunny, a Pancake Bunny clone on BSC, reward mechanism was exploited using a flashloan which resulted in the loss of $86K (216 WBNB tokens).
Malware
TeamTNT report by Palo Alto’s Unit 42 discussing evolving tactics targeting cloud infrastructure to install crypto miners.
Extended Clipper malware advertised on darknet forums now targeting multiple cryptocurrency wallets.
Media
Security First in DeFi workshop sponsored by Binance:
Understand the security risk of Blockchain by Certik Team
Incident Response Process（During/After hacks) by Merkle Science
Project Panel: How projects respond to risks and how general users can protect themself? with Cream, dForce, Autofarm, Ogle
Best practices for working with data/oracle in a smart contract by Chainlink Team
Proactive defense for DeFi protocols: Security as a never ending process by Immunefi team
Research
In-depth understanding of reentry attack vulnerabilities by Knownsec Blockchain Lab
Topological Anomaly Detection in Dynamic Multilayer Blockchain Networks such as Ethereum to detect financial crime.
Stay informed, stay healthy, and see you in the next week’s edition!
- Peter Kacherginsky (iphelix)
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