ChainCatcher news, according to Coinpost, the Japanese cryptocurrency industry plans to establish a cybersecurity organization "ISAC" within 2024 to address Bitcoin leakage incidents. The organization is led by the Japan Virtual Currency Exchange Association (JVCEA) and the Japan Crypto Asset Business Association (JCBA), aiming to share the latest information on cyber attacks and introduce external audit mechanisms to ensure the security of customer asset management.This initiative stems from the large-scale Bitcoin fraud incident that occurred at DMM in May 2024. The Financial Services Agency of Japan issued a business improvement order to DMM Bitcoin at the end of September, requiring JVCEA to issue a warning and conduct a self-examination of its response measures to leakage risks.

ChainCatcher news, the European Securities and Markets Authority (ESMA) stated on Wednesday that cryptocurrency companies should be required to undergo external audits of their network defenses, and urged lawmakers in Brussels to amend the region's flagship regulatory framework for the crypto industry to better protect consumers.The agency believes that stricter cybersecurity rules are an important component of the EU's regulation of the crypto asset market (MiCA), which will come into full effect in December.ESMA has been advocating for the inclusion of a requirement for cryptocurrency companies to have their ability to withstand cyberattacks audited by a third party, as the agency works to finalize the implementation of these rules. These rules were passed by EU lawmakers last year.However, the European Commission opposed this move, stating that ESMA is overstepping its authority and going beyond the legislative mandate. Both sides declined to comment.

ChainCatcher news, researchers from the cybersecurity company Checkmarx have issued a warning about a dangerous malware uploaded to the Python Package Index (PyPI) that steals private keys. According to the company, this malware was automatically uploaded by suspicious users through several different packages, designed to mimic decoding applications of popular wallets and other mainstream industry products like MetaMask, Atomic, TronLink, and Ronin.The malware is cleverly embedded in various parts of the packages. Since this malware appears to be harmless code, it is essentially undetectable. However, upon closer inspection, once an unsuspecting user calls specific functions embedded in the package, certain parts of the data will allow hackers to control cryptocurrency wallets and transfer funds.

ChainCatcher news, Bankless founder David Hoffman posted on the X platform stating: "The independent validator community is the ultimate line of defense for network security. The self-sovereignty of the network is related to its commitment to independent validators. Ignoring independent validators in 'good times' is a luxury (referring to the larger number of independent validators when the market is doing well), but in 'bad times' it will cost us (referring to the reduced number of independent validators when the market is doing poorly, which in turn affects the ecological network security)."

ChainCatcher news reports that the market suddenly dropped after the Friday employment report was released, with over $220 million in cryptocurrency long positions being liquidated. Presto Research analysts Peter Chung and Min Jung stated in today's report, "Bitcoin is severely undervalued, and recent macro factors have dominated the price discussion of BTC, while the market has overlooked one of the key fundamentals supporting Bitcoin's value—network security." "Hashrate has reached a historic high of 679 EH/s, making it the most secure network to date."They added, "If you believe this trend will continue (in fact, the emergence of spot ETFs means our environment is much better than ever), then BTC currently seems to be severely undervalued."Metalpha senior analyst Lucy Hu stated, "It seems that the lower-than-expected employment data is currently dominating market sentiment, as broad assets have declined since the data was released on Friday." "We expect the cryptocurrency market to remain highly volatile before the next Federal Reserve meeting."

ChainCatcher news, former SEC crypto and cybersecurity chief David Hirsh joins McGuireWoods law firm.Hirsh joined the U.S. Securities and Exchange Commission in 2015 and served as legal advisor to former SEC Commissioner Caroline Crenshaw, focusing on enforcement advisory consultations.Robert Muckenfuss, chair of McGuireWoods' financial services and securities enforcement department, stated in a statement: "Cybersecurity and crypto are rapidly evolving areas of law, and Dave's unique background and extensive experience in securities enforcement will help our clients stay ahead."

According to ChainCatcher news reported by Cointelegraph, the Dfinity Foundation has launched a new platform based on the Internet Computer Protocol (ICP) aimed at replacing traditional cybersecurity measures. The platform, named Utopia, is designed as a private serverless cloud infrastructure specifically for government entities and corporate organizations. Utopia will enable artificial intelligence (AI) to operate securely, allow for local management of digital assets, and "enable governments to gain sovereignty." Utopia aims to address the increasing cyber threats by creating "massive enterprise computing" that can prevent "unauthorized access, functional changes, data breaches, and ransomware installations."

ChainCatcher news, three employees of the cybersecurity company 360 were sentenced for stealing others' virtual currency, with total profits exceeding 2.5 million yuan. The Xuhui District People's Procuratorate of Shanghai accused that from February 9 to 20, 2023, Hong, in collaboration with Yang and Zhang (both handled in separate cases), exploited the Yapi remote code execution vulnerability to gain access to the target virtual currency website. They then controlled the internal network servers through lateral penetration and trojan implantation, found the server source code, and downloaded and analyzed the victim Su's virtual wallet address, private key, etc., and constructed false commands to transfer the virtual currency from the victim's wallet address. Subsequently, they exchanged it for other virtual currencies and sold it, obtaining illegal gains totaling over 2.5 million yuan.

ChainCatcher news, according to Cointelegraph, the Cybersecurity and Infrastructure Security Agency (CISA) issued a warning on June 12, stating that impersonation scams have increased, often using "the names and titles of government employees." The CISA alert explains that its staff will never ask for wire transfers of "cash, cryptocurrency, or the use of gift cards." Reports indicate that scams have once again become "one of the biggest drivers of cryptocurrency crime, causing losses of $4.6 billion in 2023."

ChainCatcher message, Linea has released a Velocore event update on platform X, noting that current network security only affects third-party DApps. During the attack, the operation of the sorter was suspended due to the inability to contact the Velocore team temporarily.Linea emphasized: "Most L2s, including Linea, still rely on centralized technologies to operate, which can be used to protect ecosystem participants. The core value of Linea is a permissionless and censorship-resistant environment, so our decision was not made lightly."

ChainCatcher news, Paradigm's security chief and white hat hacker Samczsun announced on social media the launch of the cryptocurrency cybersecurity threat information sharing platform SEAL-ISAC. SEAL-ISAC allows individuals to connect with experts in cryptocurrency cybersecurity threats, attacks, and responses. The platform is free and supports both centralized and decentralized entities globally.It is reported that Samczsun initially announced the establishment of SEAL Org in February 2024. SEAL (Security Alliance) is an organization dedicated to addressing cryptocurrency cybersecurity threats and also provides a safe haven for white hat hackers.

ChainCatcher message, the 4th award ceremony of the "Cybersecurity Elite Recognition Program," jointly organized by the Hong Kong Police Force, the Government Computer Security Incident Coordination Centre (GovCERT.HK), and the Hong Kong Computer Security Incident Coordination Centre (HKCERT), was held to recognize the outstanding performance of cybersecurity professionals across various industries in their respective fields. Among them, Binance won the Excellence Award in the Banking and Finance category, and Binance is also the only Web3 enterprise representative to receive an award this year.The Cybersecurity Elite Recognition Program was first held in 2016 and is a prestigious cybersecurity professional award in Hong Kong, aimed at honoring the outstanding achievements and professional skills of cybersecurity personnel from different industries. Carlos Mak, a member of the Binance investigation team, stated, "Binance believes that close cooperation with law enforcement and regulatory bodies is an essential part of working to eliminate criminals from the industry. We are pleased to collaborate with Hong Kong law enforcement to contribute to cybersecurity. In the future, Binance will continue to strive to enhance global Web3 security and build a trustworthy Web3 ecosystem."

ChainCatcher news, Mysten Labs announced a partnership and investment in SCION software provider Anapaya Systems, and they are jointly exploring how to use SCION (next-generation internet architecture) to provide secure communication for Sui and other Web3 infrastructure technologies.Through SCION, Mysten Labs is attempting to enhance communication between validators, full nodes, and blockchain clients in Sui to protect Sui from IP network-level attacks.

ChainCatcher news, cybersecurity startup SphereX has completed an $8.2 million seed round financing at a valuation of $24 million. The round was led by Aleph, with participation from Pillar VC, Fabric Ventures, and Mensch Capital Partners. It is reported that its main product, SphereX Protect, aims to mark and block suspicious transaction executions through blockchain applications. The funds from this round will be used for product promotion and team expansion.

ChainCatcher news, according to Fortune, the crypto cybersecurity startup Olympix has completed a $4.3 million seed round financing, led by Boldstart Ventures, with participation from Robot Ventures, Shrug Capital, Konstantin Richter of Blockdaemon, and Tarun Chitra of Gauntlet Networks.Olympix is dedicated to building a crypto cybersecurity stack with AI-driven tools and is currently in the alpha testing phase. (Source link)