Security | Threat Detection | Cyberattacks | DevSecOps | Compliance

Fireblocks now offers instant fiat-to-crypto transfers across 5 of the most highly-transacted global fiat currencies, thanks to our integration with BCB Group. This advancement leverages the BLINC network, providing Fireblocks customers with the ability to quickly fund their exchange accounts and facilitate 24/7 fiat movement between trading venues and counterparties.

The Web3 ecosystem has experienced a sharp increase in spam NFTs. While spam NFTs may seem benign – commonly used as promotions for new NFT collections – they can also be used as a method for phishing unsuspecting users. Today, threat actors are using spam NFTs to drain wallets in a variety of ways. In this blog post, we take a closer look at some of these methods and the new security protections Fireblocks has developed to safeguard our customers.

Spoiler: Those ads you're seeing for a new X cryptocurrency endorsed by Elon Musk aren't what they appear to be.

Mandiant has published a report on “CLINKSINK,” a cryptocurrency Drainer-as-a-Service (DaaS) that’s targeting users of the Solana currency. Mandiant’s own X (formerly Twitter) account was hacked earlier this month and used to distribute a link to the drainer. Threat actors using CLINKSINK have stolen at least $900,000 worth of cryptocurrency in recent weeks.

XYZ Teknoloji, a FinTech company from Istanbul, has integrated Fireblocks to build its tech stack that addresses the gap between the traditional financial industry and the emerging blockchain economy. In the past year, over 25% of Turkish consumers transacted in crypto. That’s why XYZ developed an enterprise-grade software stack using Fireblocks to help Turkish companies capitalize on this popularity. XYZ offers Turkish institutions.

India-based e-commerce giant Flipkart is utilizing Fireblocks’ Wallets-as-a-Service to seamlessly create wallets on their FireDrops app, providing a user-friendly and highly integrated Web3 experience for their customers. To date, over 3.6 million active wallets have been created on the platform.

Anyone can get scammed. If you think you're somehow immune to being scammed, then, in my opinion, you're a prime target for being scammed. No one is too big, too clever, too security-savvy to avoid being duped because it's only human to make a mistake and screw up. And that certainly seems to be the case with Bill Lou.

Researchers at Scam Sniffers have found that phishing attacks stole nearly $295 million worth of cryptocurrency from 324,000 victims in 2023, CryptoSlate reports. The cryptocurrency is stolen by malware delivered via phishing sites. “Wallet Drainers, a type of malware related to cryptocurrency, has achieved significant success over the past year,” the researchers write.