{"id":79367,"date":"2023-11-01T11:10:17","date_gmt":"2023-11-01T15:10:17","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/crypto\/hackers-stole-1-41-billion-ytd-and-22-2-million-in-october-google-cloud-launches-solana-network-dataset-on-bigquery\/"},"modified":"2023-11-01T11:10:21","modified_gmt":"2023-11-01T15:10:21","slug":"hackers-stole-1-41-billion-ytd-and-22-2-million-in-october-google-cloud-launches-solana-network-dataset-on-bigquery","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=79367","title":{"rendered":"Hackers Stole $1.41 Billion YTD and $22.2 Million in October, Google Cloud Launches Solana Network Dataset on BigQuery"},"content":{"rendered":"<div>\n<figure id=\"attachment_125021\" aria-describedby=\"caption-attachment-125021\" style=\"width: 2560px\" class=\"wp-caption alignnone\"><noscript><\/noscript><figcaption id=\"caption-attachment-125021\" class=\"wp-caption-text\">Source: AdobeStock \/ Sundry Photography<\/figcaption><\/figure>\n<p><em>Get your daily, bite-sized digest of cryptoasset and blockchain-related news \u2013 investigating the stories flying under the radar of today\u2019s crypto news.<\/em><br \/>__________\n<\/p>\n<ul>\n<li style=\"text-align: left\">Bug bounty and security services platform <strong>Immunefi<\/strong> published its \u2018Crypto Losses in October 2023 Report\u2019, finding that $1,410,669,002 was lost to hacks and fraud in 2023 from January to October across 292 specific incidents. October alone saw $22,193,496 lost, with the most targeted chains being <strong>BNB Chain<\/strong> (45.8%) and <strong>Ethereum<\/strong> (37.5%), representing 83.3% of all targeted chains. Hacks continue to be the predominant cause of losses ($16.4 million, or 73.7%) compared to frauds ($5.9 million, or 26.3%). DeFi was the main target for exploits in October, while CeFi hasn\u2019t witnessed a single major exploit, the report said.<\/li>\n<li style=\"text-align: left\">Crypto-powered privacy solution <strong>Nym Technologies<\/strong> partnered with the <strong>NEAR Foundation<\/strong> to bring end-to-end encryption and metadata privacy protections to layer-1 blockchain <strong>NEAR<\/strong>. The Nym mixnet will be integrated into the NEAR ecosystem, to encrypt and cloak traffic across the whole ecosystem, thus providing privacy to all traffic transmitted across the blockchain \u2013 allowing users to access NFTs, DeFi protocols, and dapps, while being protected from malicious actors like cyber-criminals, it said. \u201cBy masking off-chain metadata traffic, not only is transaction data protected in transit, but this makes it much more difficult for adversaries to de-anonymise users via their public IP addresses,\u201d the announcement said.<\/li>\n<\/ul>\n<ul>\n<li style=\"text-align: left\"><strong>Google Cloud<\/strong> has officially launched the <strong>Solana<\/strong> network dataset on <strong>BigQuery<\/strong>, Google\u2019s data warehouse, providing consumers, enterprises, and developers with immediate access to complex insights about everything happening on the Solana network, speeding up the project-building process on this blockchain. Per the announcement, \u201cby leveraging <strong>Bigtable<\/strong>, Google\u2019s distributed data storage service, in tandem with BigQuery, the Solana ecosystem is able to provide transparent and secure access to archival data from the Solana network through Google Cloud.\u201d<\/li>\n<li style=\"text-align: left\"><strong>Landslide<\/strong> announced its <strong>IBC<\/strong> connection to <strong>Avalanche<\/strong>. According to the press release, the <strong>Interchain Foundation<\/strong> (ICF) introduced Landslide, the team developing the <strong>Inter-Blockchain Communication Protocol<\/strong> (IBC) light client on Avalanche. It said that this \u201cpaves the way for seamless interoperability between Avalanche, <strong>Cosmos Hub<\/strong>, and over 100 other IBC-enabled chains.\u201d It added that the initiative is set to revolutionize the DeFi ecosystem by enabling IBC-compliant dapps to run seamlessly on the Avalanche network. Landslide is launching its incentivized testnet on November 1.<\/li>\n<\/ul>\n<ul>\n<li style=\"text-align: left\"><strong>Tether Holdings Limited<\/strong> published its assurance opinion for Q3 of 2023, stating that it reveals \u201cthe highest percentage ever recorded\u201d of its reserves held in Cash and Cash Equivalents, standing at 85.7%, of which the vast majority are US T-Bills accounting for $72.6 billion comprising both direct and indirect exposure. Furthermore, the report highlights a reduction in the amount of secured loans extended by Tether, with over $330 million dollars; quarterly returns from Cash and Cash Equivalent investments standing close to $1 billion; and the investments made in industry-related research fields for a total amount of over $800 million since the beginning of the year (almost $670 million this quarter).<\/li>\n<\/ul>\n<ul>\n<li style=\"text-align: left\">Popular tea shop <strong>Boba Guys<\/strong> has partnered with <strong>Hang<\/strong>, the customer relationship-building platform that raised a $16 million Series A led by <strong>Paradigm<\/strong>, to launch a loyalty program powered by the <strong>Solana<\/strong> blockchain, with a gamified, technology-forward twist: the Boba Guys Passport. The loyalty program will launch in all 26 Boba Guys locations on November 24. Boba Guys Passport is a novel way for customers to engage and earn, said the press release, which allows members to earn points with each purchase, which then unlock and upgrade specialized Mystery Boxes.<\/li>\n<\/ul>\n<div class=\"newsletter home-newsletter single\">\n<div class=\"left-side\">\n<p>\n        <em><br \/>\n            Enter your email for our Free Daily Newsletter        <\/em>\n    <\/p>\n<p> A quick 3min read about today&#8217;s crypto news!<\/p>\n<p>    <span class=\"response-msg\" id=\"newsletter-response\"><\/span>\n<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>Read the full article <a href=\"https:\/\/cryptonews.com\/news\/briefs-2.htm\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Source: AdobeStock \/ Sundry Photography Get your daily, bite-sized digest of cryptoasset and blockchain-related news \u2013 investigating the stories flying under the radar of today\u2019s crypto news.__________ Bug bounty and security services platform Immunefi published its \u2018Crypto Losses in October 2023 Report\u2019, finding that $1,410,669,002 was lost to hacks and fraud in 2023 from January [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":79368,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[243],"tags":[83],"class_list":["post-79367","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto","tag-featured"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Hackers Stole $1.41 Billion YTD and $22.2 Million in October, Google Cloud Launches Solana Network Dataset on BigQuery | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Source: AdobeStock \/ Sundry Photography Get your daily, bite-sized digest of cryptoasset and blockchain-related news \u2013 investigating the 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