DeadLock ransomware hides using exploited Polygon smart contracts
Group-IB found a ransomware dubbed DeadLock that is exploiting Polygon smart contracts to rotate proxy addresses to evade takedowns.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Group-IB found a ransomware dubbed DeadLock that is exploiting Polygon smart contracts to rotate proxy addresses to evade takedowns.
Why this matters
This maps to the Security Incidents hub, so it can help confirm whether that theme is gaining breadth across the crypto news cycle.
Original source
Read on CointelegraphRelated market context
Cybersecurity consultant found guilty of stealing $55M in crypto from Uranium Finance
The conviction highlights the vulnerabilities in DeFi systems and underscores the effectiveness of blockchain forensics in tracing...
Solana Foundation Offers Banks Open-Source Code to Settle Tokenized Trades in One Step
When a bank or fund trades a security, the rule known as delivery-versus-payment means the security and the money are exchanged to...
Swift blockchain ledger requires key internal layers, Taurus co-founder warns
Banks need their own permissioned ledger, wallet tools and smart-contract capabilities before they can use Swift’s tokenized-depos...
Polymarket’s upgrade won’t automatically move existing bets to new contracts
Polymarket’s Protocol V2 rollout does not automatically move existing bets held under its older Conditional Tokens Framework, or C...
THORChain Co-Founder Will Ask Its Treasury About Refunding Fees From Stolen Crypto
THORChain co-founder Chad Barraford said he will ask the protocol’s Treasury about sending part of what its developer fund earned...
Ethereum Foundation researcher Justin Drake urges crypto to prepare ‘bunker mode’ for AI threats
AI advancements could accelerate blockchain vulnerabilities, urging the crypto industry to prioritize security measures and proact...