Asian crypto exchanges batten down the hatches as hacks surge: Asia Express

Asian crypto exchanges are scrambling to tighten security on fears of a wave of potentially AI-assisted hacks, even as regional governments embrace tokenization and stablecoins.

India’s national cybersecurity agency warned that an AI-assisted threat actor has escalated its attacks on cryptocurrency exchanges and other financial businesses, stealing wallet keys and siphoning funds.

The Indian Computer Emergency Response Team (CERT-In) on Wednesday designated the threat actor as “CRAFTY FALCON” and explicitly identified crypto exchanges among affected businesses.

“The threat is active and ongoing. CSIRT-Fin continues to receive reports of successful attacks, including from NBFCs and fintech entities that had already received the earlier restricted advisories and had undertaken remediation,” said CERT-In. 

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