Exploits
Why DeFi should expect more hacks this year: Blockchain security execs
Decentralized finance (DeFi) investors should buckle themselves up for another big year of exploits and attacks as new projects enter the market and hackers become more sophisticated. Executives from blockchain security and auditing firms HashEx, Beosin and Apostro were interviewed for Drofa’s An Overview of DeFi Security In 2022 report shared exclusively with Cointelegraph. The executives were asked about the reason behind a significant increase in DeFi hacks last year, and were asked whether this will continue through 2023. Tommy Deng, managing director of blockchain security firm Beosin, said while DeFi protocols will continue to strengthen and improve security, he also admitted that “there is no absolute security,” stating: “As long as there is interest in the crypto market, the number...
Scary stats: $3B stolen in 2022 as of ‘Hacktober,’ doubling 2021
The month of October has broken all records for crypto exploits and the amount of digital loot pilfered — living up to its new moniker of “Hacktober” — according to the latest figures. On Oct. 31, blockchain security firm PeckShield tweeted some scary statistics for the month, reporting a total of $2.98 billion in stolen digital assets as of Oct. 31, 2022, which is nearly double the $1.55 billion lost in all of 2021. “Hacktober” saw around 44 exploits affecting 53 protocols, it added. Malicious actors made off with a whopping $760 million in the month, however, $100 million had been returned. #PeckShieldAlert ~44 exploits (53 protocols affected) grabbed ~$760.2M in Oct. 2022, and ~$100M already returned the exploited protocols (Total loss: $657.2M)As of Octobe...
SWAN wants sports ministry, NFF to immortalise Muda Lawal
The Sports Writers Association of Nigeria (SWAN), Oyo State Chapter, has urged the Ministry of Sports and the Nigeria Football Federation (NFF) to immortalise the late Green Eagles midfield player, Mudasiru Lawal. In a statement issued on Tuesday in Ibadan and jointly signed by Niyi Alebiosu and Adewale Tijani, its Chairman and Secretary respectively, the association said that national team and IICC Shooting Stars player deserved to be immortalised. The News Agency of Nigeria (NAN) reports that the Abeokuta-born football star died 30 years ago. It enjoined the Federal Ministry of Youth and Sports Development as well as Nigeria Football Federation (NFF) to name a competition or award category after the departed footballer. The association also recalled the exploits of Muda Lawal, reminding ...
Euro 2020: Cristiano Ronaldo ‘proud’ of Portugal’s efforts after elimination
Captain Cristiano Ronaldo said on Monday he was “proud” of holders Portugal’s efforts despite bowing out of Euro 2020 after the weekend’s 1-0 last 16 loss to Belgium. “We did not get the result we wanted and we leave the competition sooner than expected,” the 36-year-old Juventus star and five-time Ballon d’or winner admitted as his side failed to match their 2016 exploits. “But we are proud of our showing. We did everything we could to retain the title of European champions and this group proved it could still give the Portuguese people much joy,” the former Manchester United and Real Madrid attacker posted on social media after Sunday’s loss. “Congratulations to Belgium and good luck to all the teams left in. As for us, we shall return stronger,” vowed the veteran who at least could cons...
COAS: Why President Buhari settled for General Yahaya – minister
The Minister of Defence, Maj. Gen. Bashir Salihi Magashi (retd) said President Muhammadu Buhari has expediently put national interest above ethnic and religious chauvinism in the appointment of Major General Farouk Yahaya as the new Chief of Army Staff (COAS). Magashi noted that certain factors were considered and General Yahaya satisfied all requirements. The Minister said, “these include his unblemished track records of service, Professional, Command and Operational competences among other yardsticks that culminated into his emergence as most suitably qualified new Army boss.” He, therefore, commended the appointment of General Yahaya as the 22nd Chief of Army Staff, succeeding the late Lt. Gen. Ibrahim Attahiru, who died in a plane crash alongside ten others last Friday in Kaduna. The m...
Lagos governor celebrates Ikorodu Bois
Governor of Lagos State, Babajide Sanwo-Olu, on Monday hosted popular Nigerian comedy group, Ikorodu Bois. The Governor took to his Twitter account to share photos of him and the talented kids at the state government house, Alausa in Ikeja. In a post accompanying the pictures, the Governor commended the group, which he described as “generational filmmaking talent,” for their exploits that had brought them global recognition. Sanwo-Olu cited the group’s current appearance on an advert displayed on Broadway Times Square in New York City by Netflix, the US movie streaming platform. He also commended their nomination for the 2021 edition of the 2021 Nickelodeon’s Kids’ Choice Awards. He stated that the state was proud of the group and he assured of his administration’s commitment to promoting ...
Nigerian youth union settles NANS factions
Nigerian Youth Union (NYU) has successfully intervened in the crisis that followed the National Delegates’ Conference of the National Association of Nigerian Students (NANS) which led to the emergence of Sunday Asefon as NANS President. NYU hosted the two factions in NANS Zone B, Jeremiah Friday Ohomah of Federal University of Petroleum Resource Effurun and Friday Offongekpe Etinyene of the University of Uyo, at the NYU National Secretariat Abuja, to possibly resolve the issues that might have arisen from the election. NYU President, Comrade Chinonso Obasi, in a statement released in Abuja, on Thursday, confirmed that the meeting was successful as aggrieved parties agreed to suggestions that would herald peace and unity in NANS. Obasi reiterated that one of the core mandates of the NYU is ...
