A wallet worth over $536 million started acting erratically, prompting the #BNBChain to halt completely!

BNB Chain has been halted after a large BNB holder started displaying erratic on-chain behaviour, suggesting a hack. The erratic nature of the wallet’s on-chain activity suggests it may have been compromised. Stablecoin issuer #Tether has also already stepped in to blacklist the address, preventing it from sending USDT to new wallets.

While the hackers were able to get away with roughly $100 million, the potential amount could have been as much as $570 million.

Patrick Hillmann, chief communications officer at crypto exchange Binance, commented that BNB validators noticed some strange activity taking place on BSC Token Hub, one of the platform’s bridges ,and came to the conclusion the bridge was being utilized to mint additional BNB tokens. He compared the exploit to a group of thieves breaking into the U.S. Federal Reserve, printing their own money and then walking away with it. “What we’re seeing here is that as we see more of these attacks on bridges, the communities that rally around these blockchains are getting much better at shutting them down quickly, updating their systems and being able to prevent a worst case scenario from happening,” Hillmann said.

This hack has a strong smell of a quantum hack although no one can say for sure. This is because the cause of the hack was most likely that the private key of a huge account was compromised. This is exactly the weakest link of crypto facing quantum.

“While it is unknown about what exactly is the cause, this must be some how related to the private key being compromised whether it is bug in the wallet or a reverse engineering of the public key via quantum computer. It is now crystal clear what would happen when a private key is compromised by a quantum hack” said Andrew Cheung, President, 01 Communique.

Quantum-resistant encryption research is a hot topic because it is felt that quantum computers are almost certain to become prevalent and sufficiently powerful to crack existing encryption algorithms. It is therefore prudent to prepare crypto that can survive future attacks, so that data encrypted today remains safe tomorrow, and digital communications can remain secure.

You need to act now!

We at IronCAP™ have been trying to educate businesses and individuals that Q-day (the day the first quantum hack is publicly recognized) is around the corner and everybody needs to gear up. Nation states and governments are already at it, how about you? To learn more, visit www.ironcap.ca.

IronCAP™ is our latest innovation for the post-quantum cybersecurity. This patent-protected, post-quantum cryptographic system is based on the Goppa Code-based cryptographic technology. It has embedded our proprietary subclass of (L, G) making it not only more secured but also has faster cryptographic operations (key generation, encryption, decryption) than the traditional Goppa Code-based technology (McEliece). We are offering a live demonstration for the general public to try and experience the strength of IronCAP™ post-quantum encryption easily. To learn more, visit www.ironcap.ca.

Disruptive ransomware attacks are on the rise.

Just in the last few years, we witnessed the LinkedIn data breach, the JBS attack, the SolarWinds hack, the Kaseya ransomware attack and many more. It is evident that making cybersecurity front and center is critical. Industry experts are expecting the global cybersecurity market to surpass USD $400 billion in 2028. All these signal that not only business leaders but ordinary people using the internet should not wait for a bad incident to occur before making a move.

In June 2021, LinkedIn data was compromised. The records of 700 million clients are now for sale on the dark web. This happened in the blink of an eye but what is worse is the ripple effect for users that used important passwords for LinkedIn. Even if their passwords were not breached, there is still valuable data that can be used for identity theft and phishing attempts. Hackers are constantly phishing for data, sending out millions of fake security alerts and bank alerts email everyday. If they can provide some “legitimate” information (from the breached data) on their phishing email, they will look more convincing and recipients are more prompted to click on the malicious links.

Think about this – LinkedIn, JBS, Colonial Pipeline and all other multi-billion-dollar corporations have unlimited resources to safeguard their data but still got hacked, what are the chances that smaller companies can secure their data? The answer is, you have good chances if you secure you email communications.

Most ransomware attacks come from phishing emails. You click on just one malicious link and you risk having your private information breached, email message content and attachment being intercepted and altered, and suffering financial and creditability damages. Therefore, you should secure your emails today. IronCAP X™ is THE SOLUTION TO STOP PHISHING!

IronCAP X™ is easy to install, a is user-friendly and a cost-effective solution. Its quantum safe, end-to-end email encryption eliminates the intermediary server, and its digital signature feature authenticates a legitimate sender from a malicious one. IronCAP X™ will be your armor to eliminate ransomware attacks. An ounce of prevention (IronCAP X™) is worth a pound of cure (data loss). The choice is yours!

You need to act now!

We at IronCAP™ have been trying to educate businesses and individuals that Q-day (the day the first quantum hack is publicly recognized) is around the corner and everybody needs to gear up. Nation states and governments are already at it, how about you? To learn more, visit www.ironcap.ca.

IronCAP™ is our latest innovation for the post-quantum cybersecurity. This patent-protected, post-quantum cryptographic system is based on the Goppa Code-based cryptographic technology. It has embedded our proprietary subclass of (L, G) making it not only more secured but also has faster cryptographic operations (key generation, encryption, decryption) than the traditional Goppa Code-based technology (McEliece). We are offering a live demonstration for the general public to try and experience the strength of IronCAP™ post-quantum encryption easily. To learn more, visit www.ironcap.ca.

Don’t be left out in the cold – Combat Ransomware Attacks with IronCAP!

Cyber extortions are crippling critical infrastructures, healthcare systems, government agencies and businesses around the world. In 2021 alone we saw some large-scale scum hacks and ransomware attacks. In early May Colonial Pipeline paid $5 million to the DarkSide ransomware gang and in June, the meat processor JBS paid $11 million to the Russia-based REvil gang. Hackers are using simple phishing tools, making you believe it is a legitimate email, to gain access to your sensitive information.

Top US officials have recently ranked ransomware attack as a national security threat. According to The New York Times, President Biden put this issue at the top of his agenda for his June meeting with Russia’s president, Vladimir Putin, and had given him forceful warnings for his inaction against those ransomware operators tied to Russia.  President Biden had also requested his lawmakers to work on several bills that would, among other things, require a wide range of companies including critical infrastructure operators to report attacks to the government.

The F.B.I. Internet Crime Report for 2020 listed 2,474 cyberattacks in the United States, with losses totaling more than $29.1 million. The reality is probably of a much greater magnitude. The German data-crunching firm Statista has estimated that there were 304 million cyberattacks worldwide in 2020, a 62% increase over 2019.

You need to act now!

We at IronCAP™ have been trying to educate businesses and individuals that Q-day (the day the first quantum hack is publicly recognized) is around the corner and everybody needs to gear up. Nation states and governments are already at it, how about you? To learn more, visit www.ironcap.ca.

IronCAP™ is our latest innovation for the post-quantum cybersecurity. This patent-protected, post-quantum cryptographic system is based on the Goppa Code-based cryptographic technology. It has embedded our proprietary subclass of (L, G) making it not only more secured but also has faster cryptographic operations (key generation, encryption, decryption) than the traditional Goppa Code-based technology (McEliece). We are offering a live demonstration for the general public to try and experience the strength of IronCAP™ post-quantum encryption easily. To learn more, visit www.ironcap.ca.

All the technical objectives necessary to integrate IronCAP™ into the Solana blockchain have been achieved!

Not just by providing a quantum-safe blockchain that supports smart contracts, but also retaining Solana’s ultra-fast throughput. “The technology we developed for this project is independent of the type of blockchain that is in use and as such it can be applied to not only the Solana blockchain but also other public blockchains such as Bitcoin, Ethereum, as well as most private business blockchains. The method of integration is unique and; therefore, we plan to file a patent application along with our partner, Talent Summit who has accepted and paid for the delivery of the Proof of Concept (“PoC”).  Our next step will be to create and demonstrate a quantum-safe wallet while Talent Summit will plan for commercial development and launching of QNT – Quantum Native Token,” said Andrew Cheung, President and CEO of 01 Communique.

As previously announced, the Company was commissioned to develop the World’s First Quantum-Safe Blockchain designed for Tokens, NFTs, Smart Contracts for the Metaverse, De-centralized Finance (DeFi). It is expected that this quantum-safe blockchain will be resilient against cyber-attacks, including attacks from Quantum Computers.

“Unfortunately, virtually all blockchains in the world today are vulnerable to quantum computer attacks.  Since blockchain data is meant to be “forever” it is imperative that it is quantum-safe.  This PoC achievement is a very significant milestone and demonstrates our IronCAP™ technology can transform existing blockchains into a quantum-safe version that can be incorporated in Tokens, NFTs, Smart Contracts for Metaverse, DeFi, and more”, said Andrew Cheung.

You need to act now!

We at IronCAP™ have been trying to educate businesses and individuals that Q-day (the day the first quantum hack is publicly recognized) is around the corner and everybody needs to gear up. Nation states and governments are already at it, how about you? To learn more, visit www.ironcap.ca.

IronCAP™ is our latest innovation for the post-quantum cybersecurity. This patent-protected, post-quantum cryptographic system is based on the Goppa Code-based cryptographic technology. It has embedded our proprietary subclass of (L, G) making it not only more secured but also has faster cryptographic operations (key generation, encryption, decryption) than the traditional Goppa Code-based technology (McEliece). We are offering a live demonstration for the general public to try and experience the strength of IronCAP™ post-quantum encryption easily. To learn more, visit www.ironcap.ca.