EigenLayer is a recently proposed idea that extends Ethereum’s consensus security to other services whose security highly relies on decentralization. The idea comes from the fact that the Ethereum blockchain is the most robust, decentralized and secure permissionless blockchain among the existing POS permissionless blockchains. Basically EigenLayer allows Ethereum POS…

Social Engineering Attacks are on the Rise. Here’s a deep dive into the methods and platforms these attacks take place, and what you can do to prevent them. — Introduction Recently, a number of users in the blockchain ecosystem have discovered that their Telegram accounts have been stolen. In some of these incidents, the victims were informed by their contacts, while others were discovered by the victims themselves.

Fairyproof conducts a study of EIP-4337 and present findings with security checkpoints. — EIP-4337 [1] is a proposal for implementing account abstraction which allows users to use smart contract wallets instead of an Externally Owned Account (EOA) as their primary account. The biggest motivation to create this EIP is to avoid changes in Ethereum’s consensus layer and implement account abstraction mainly in smart…

— — — Some Tentative Thoughts on Ankr’s Exploitation On December 2, Ankr’s contract deployed on the BNB chain was attacked. Basically the hacker managed to deploy a malicious implementation contract, minted 10,000,000,000,000 aBNBc tokens, dumped these tokens on a DEX and exchanged them to other crypto assets. Dumping this huge number of aBNBc tokens dramatically crashed the token’s…

READ THIS ARTICLE BEFORE YOU INVEST IN CRYPTO, BLOCKCHAIN PROJECTS, OR INTERACT WITH DAPPS! — The blockchain community is rife with potentially profitable projects and scary scams of equal measure. Users can find it hard to discern if a particular project or platform is legitimate and secure for investing. …

The compromise of private keys are becoming a trend in cybersecurity vulnerabilities. Here are our recommendations on what you can do to maximize security and keep your private keys safe. — Among all the security incidents that have occurred in the crypto space, the compromise of private keys is one of the most prominent root causes. …

EIP-3525 is a newly submitted proposal to create semi-fungible tokens. Here are some security points that implementers need to consider. — EIP-3525¹ is a newly submitted proposal to create semi-fungible tokens. This EIP is created to solve the drawbacks in either EIP-20 or EIP-721 when creating tokenized financial instruments that should allow their holders to transfer a portion of the equity in the contracts represented by the tokens.

Fairyproof provides a go-to guide to understand Ethereum standards and their security. — The Ethereum blockchain is built on a series of rules called Ethereum Standards. It may seem daunting to understand what these standards are. …

OVERVIEW The overall crypto market was still not optimistic through Q3 2022. However attacks against the crypto ecosystem persisted. Crypto assets worth around $440 million were exploited. Fairyproof studied 103 publicly reported security incidents that occurred in Q3 2022. This report is composed of findings, analysis and best practices. BACKGROUND …