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Lazarus members posed as engineers and fooled exchange employees into downloading difficult-to-detect malware. Lazarus Group used a new form of malware in an attempt to compromise a crypto exchange , according to an October 31 report from Elastic Security Labs. Elastic has named the new malware “KANDYKORN” and the loader program that loads it into memory “SUGARLOAD,” as the loader file has a novel “.sld” extension in its name. Elastic did not name the exchange that was targeted. Crypto exchanges have suffered a rash of private-key hacks in 2023, most of which have been traced to the North Korean cybercrime enterprise, Lazarus Group. KANDYKORN infection process. Source: Elastic Security Labs. According to Elastic, the attack began when Lazarus members posed as blockchain engineers and targeted engineers from the unnamed crypto exchange. The attackers made contact on Discord, claiming they had designed a profitable arbitrage bot that could profit from discrepancies between prices ...

In the realm of crafting written content, three key elements hold sway: “perplexity,” “burstiness,” and “predictability.” Perplexity gauges the intricacy of the text, while burstiness examines the ebbs and flows within sentences. Predictability, on the other hand, is a measure of how easily one can anticipate the subsequent sentence. Human authors often imbue their prose with bursts of diversity, intermingling lengthy and intricate sentences with shorter ones. In contrast, AI-generated text tends to adopt a more uniform approach. For the task ahead, where I request you to create content, it’s imperative that the resulting text boasts a healthy dose of perplexity and burstiness while minimizing predictability. Additionally, please ensure that the content is composed exclusively in English. Now, let’s reimagine the following text: The Financial Conduct Authority (FCA) in the United Kingdom maintains a roster of 42 registered crypto asset pr...

The Bitcoin (BTC) price has been consolidating between $29,000 and $29,600 over the past day. The amount of BTC outside exchanges has reached a new all-time high (ATH). According to data from Santiment, Bitcoin supply on self-custodial wallets has reached 18.39 BTC, marking a new ATH. Per the market intelligence platform, this amount has been constantly rising since December 2018 with a few declines in October 2019 and February 2021. BTC price, weekly volatility and supply outside exchanges – Aug. 3 | Source: Santiment However, Bitcoin is down by 1.3% in the past 24 hours and trading at around $29,030 when writing. The asset’s 24-hour trading volume is also down by 24%, currently at $15.5 billion, with a total market capitalization of over $564 billion. You might also like: Bitcoin briefly touches $30k amid whale transactions Moreover, the one-week price volatility of Bitcoin has been consistently rising since August 1, suggesting a spike in short-term traders. Pe...

The crypto exchange created a new product, “Nitro Spreads,” to provide institutional investors with an easier way to “trade the basis” and successfully navigate the market. In the highly volatile and ever-changing cryptocurrency market, exchanges are striving to not only survive but thrive in all market conditions. They understand the importance of catering to institutional investors who demand innovative tools and solutions to meet their evolving needs. A common trading strategy for institutional users is trading the basis, or taking advantage of the difference between an asset’s price on different markets, such as spot and futures. Responding to the trading community’s needs, OKX has launched a product for institutional users to execute basis trades with one click. In this interview, Lennix Lai, global chief commercial officer at OKX, highlights the challenges institutional traders are currently facing when trading cryptocurrencies, and discusses how OKX is addressing them by contin...