CointelegraphJul 04, 11:05 PM
Kraken Adds Tokenized Stocks as Collateral for Leveraged Trading
Eligible Kraken users can now pledge select tokenized stocks and ETFs as collateral for futures and margin trading without selling those holdings.
ReadCoinDeskJul 05, 12:06 AM2 min
Ethical Hackers Find Flaw That Could Have Exposed $70 Billion in Crypto
Ethical hackers using a $3,000 server identified a flaw that could have put roughly $70 billion in crypto at risk. The discovery highlights how low-cost research can uncover major security issues in crypto infrastructure.
What happened?
Ethical hackers using a $3,000 server identified a flaw that could have put roughly $70 billion in crypto at risk. The discovery highlights how low-cost research can uncover major security issues in crypto infrastructure.
Why it matters
The finding matters because it shows how vulnerabilities in crypto systems can have outsized consequences, even when discovered with modest tools and resources. For users, companies, and the broader ecosystem, the case is a reminder that security gaps can exist in major infrastructure and need to be taken seriously.
Ethical hackers using a server that cost about $3,000 found a security flaw that could have put roughly $70 billion in cryptocurrency at risk. The issue was uncovered through research rather than a live attack, allowing it to be identified before it could be widely exploited.
The finding matters because it shows how vulnerabilities in crypto systems can have outsized consequences, even when discovered with modest tools and resources. For users, companies, and the broader ecosystem, the case is a reminder that security gaps can exist in major infrastructure and need to be taken seriously.
The episode also underscores the role ethical hackers play in crypto security. By testing systems and reporting weaknesses, researchers can help prevent losses and reduce the chance that hidden flaws are exploited in the wild.
While the source does not indicate that any funds were stolen, the scale of the potential exposure makes the discovery notable. It adds to the ongoing focus on audits, responsible disclosure, and defensive security work across the crypto industry.
For the crypto sector, the lesson is straightforward: relatively small research efforts can reveal large risks. As systems grow more complex, security reviews remain a critical part of protecting assets and trust.
