This week on Security in 60 Seconds, we delve into the latest security threats and vulnerabilities in the digital landscape. CertiK has reported ten incidents over the past week, resulting in a staggering $5.4 million in losses, with the majority attributed to a significant ice phishing incident. The episode also highlights concerning phishing attempts impersonating Stretto, the claims agent for the Celsius bankruptcy proceedings, which managed to circumvent sender policy framework checks. Additionally, we explore the repercussions of a social engineering attack on Balancer's DNS service provider, leading to a loss of $238,000, and discuss the potential of decentralized blockchain-based DNS as a solution. To cap it off, we uncover a new cloud-native cryptojacking operation targeting Amazon Web Services offerings. Stay informed and secure by tuning in to our weekly updates and following us on social media for the latest in Web3 security.

Social media platforms were utilized to issue numerous accounts of crypto scams. Scammers will access the victims through different tactics to create vulnerability between the targets.

Social Analysis | Skynet for Community Masterclass | CertiK CertiK is excited to announce the launch of Skynet for Community, an all-in-one security, due diligence, and insights platform that aims to advance trust and transparency in the Web3 ecosystem.