Attacker deployed layer-1 multi-signature technology to the layer-2 before the Wintermute recovery team
Developers behind the Aurora protocol acknowledged they should have spotted the vulnerability much earlier
Self-custody wallet provider partners with Asset Reality to build investigations against scammers
The DeFi wallet is advising users to disable iCloud backups to prevent future scams
Security concerns, however, didn’t seem to slow the growth of the booming industry, which reached $17.7 billion in sales last year
Of more than 16,000 possible scams reported to the UK regulator between April and September 2021, about 3,000 were related to cryptocurrencies