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Step Finance reports that compromised executive endpoints led to unauthorized access to multiple treasury wallets, with losses later estimated at approximately $40M.

The incident underscores persistent risks around endpoint compromise, privileged access, and operational security in DeFi environments. Partial recovery was achieved through token protections and partner coordination, while some platform operations were paused for reinforcement.

As DeFi platforms mature, incidents like this reinforce the importance of strict device hardening, segmented access, and treasury-level defense-in-depth.

Source: https://www.bleepingcomputer.com/news/security/step-finance-says-compromised-execs-devices-led-to-40m-crypto-theft/

💬 What controls meaningfully reduce exec-level compromise risk in Web3?
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French investigators are examining a breach involving crypto tax platform Waltio, where personal data associated with approximately 50,000 users was exposed.

Authorities caution that crypto-linked identity leaks can increase downstream risks, including targeted fraud and coercive extortion attempts, particularly when wallet information is involved.

This case underscores the need to evaluate crypto security beyond infrastructure - extending into data minimization, user identity exposure, and post-breach risk management.

💬 How should threat models evolve for crypto platforms handling identity data?

Source: https://www.tokenpost.kr/news/cryptocurrency/325963

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