Bain & Co vulnerability exposed by hacker a month after McKinsey

Consultancy tells senior staff their remuneration will comprise a greater proportion of equity

The post TAC labels $2.8M bridge exploit a white hat incident as hacker claims 10% bounty appeared on BitcoinEthereumNews.com. TAC, a cross-chain protocol that has marketed itself as a bridge between TON and Ethereum, has now reclassified its $2.8 million exploit from May 12 as a white hat event, after the hacker apparently took the team up on its offer to keep 10% of the “moved” funds in exchange for returning the rest to its multisig wallets.  According to TAC’s disclosures of the event, the exploit targeted the TON side of its cross-chain layer, draining funds across USDT, BLUM, and tsTON. TAC said the vulnerability was isolated to native TON Jettons bridged from the TON network, and that the TAC token itself, TON, and all ERC-20 tokens were unaffected. The TAC token has taken a beating since the exploit, with price dropping more than 21% over the last week. Market cap is down to $79 million from over $91 million before the May 12 disclosure of the hack. TAC Protocol’s token price i

Enterprise leaders have spent two years and hundreds of billions of dollars on AI. The results have been uneven. According to McKinsey’s 2024 global survey, fewer than one in three […] The post Why Enterprise AI Keeps Failing, and It’s Not the Model’s Fault appeared first on AIwire.

A hacker has started laundering digital assets that were part of the $6.7 million theft from the liquidity provider TrustedVolumes, says cybersecurity firm PeckShield. PeckShield says that new data shows the hacker has started moving hundreds of thousands of dollars worth of Ethereum (ETH). “The TrustedVolumes exploiter has laundered $278,000 in stolen funds so far: […] The post Hacker Actively Laundering Stolen Crypto After Exploiting Liquidity Provider for $6,700,000: PeckShield appeared first on The Daily Hodl.

Despite years of digitization, organizations capture less than one-third of the value expected from digital investments, according to McKinsey research. That’s because most big companies begin with technological capabilities and bolt applications onto them, rather than starting with customer needs and working backward to technology solutions. Not prioritizing the customer can create fragmented solutions; disjointed…

This incident highlights the critical need for robust security audits in DeFi, as even minor oversights can lead to significant financial risks. The post Renegade recovers $190K after hacker returns 90% of stolen funds appeared first on Crypto Briefing.

London-based Ethos has raised $22.75 million in a Series A led by Andreessen Horowitz, with participation from General Catalyst, XTX Markets, Evantic Capital, and Common Magic, to build an AI-powered alternative to legacy expert networks such as GLG and LinkedIn. Founded in 2024 by James Lo, formerly of McKinsey and SoftBank, and Daniel Mankowitz, an […]

Renegade.fi has recovered about $190,000 after a whitehat hacker exploited a vulnerability in one of its Arbitrum-based dark pools and later returned more than 90% of the stolen assets. Blockchain security firm Blockaid said the exploit drained roughly $209,000 from…