E-Business
FireEye Inaugurates Labs Advanced Reverse Engineering Team, Challenge
FireEye, a renowned network security company, announced on Monday the formation of the FireEye Labs Advanced Reverse Engineering Team and Challenge, also known as FLARE
FireEye is known for the provision of automated threat forensics and dynamic malware protection against advanced cyber threats, such as advanced persistent threats and spear phishing.
Mike Sikorski, advanced malware, Threat Research, FireEye Inc., who made the announcement said that as part of FireEye Labs, the focus of the team is to support all of FireEye and Mandiant from a reverse engineering standpoint.
Many FireEye groups have reversing engineering needs: Global Services discovers malware during incident response, Managed Defense constantly discovers threats on monitored client networks, and Products benefit from in-depth reversing to help improve detection capabilities.
“We primarily focus on malware analysis, but we also perform red-teaming of software and organizations, and we develop tools to assist reverse engineering. Our research and tools assist with automatic malware triage to quickly get initial results out to incident responders in the field. Auto-unpackers unravel obfuscated samples without the need for an analyst.
“Automatic clustering and classifying samples helps identify if a binary is good or bad and whether we have analyzed it before. We develop reverse engineering scripts for IDA Pro and systems that help us quickly share our analysis results. We also write scripts that can help incident responders decrypt and interpret malware network traffic and host artifacts,” he said.
Sikorski added that the elite technical enclave of reversers, malware analysts, researchers, and teachers, will team up with our FireEye Labs peers to help bring the best detection to FireEye customers and promote knowledge sharing with the security research community.
“We’ll continue to provide technical training on malware analysis privately and at conferences like Black Hat. Look for us to present webinars on malware analysis and a blog series of scripts for IDA Pro to aid reverse engineering of malware,” he added.
On the challenge, he said, “To commemorate the launch, the FLARE team is hosting a challenge for all reverse engineers and malware analysts. We invite you to compete and test your skills. The challenge runs the gamut of skills we believe are necessary to succeed on the FLARE team. We invite everyone who is interested to solve the challenge and get their just reward!
“The puzzles were developed by Richard Wartell, a reverse engineer with a PhD in “IDA Pro” (actually Computer Science, but his thesis used IDA Pro) from the University of Texas at Dallas where he worked on binary rewriting techniques for the x86 instruction set. He recently presented this work at the REcon conference in Montreal. At Mandiant Richard focused on incident response, but now on the FLARE team he reverse engineers malware, teaches malware classes, and helps develop our auto-unpacking technology.
“As reverse engineers we’ve seen a variety of anti-reverse engineering techniques. Oftentimes the armoring malware authors employ is sophisticated and requires time to unravel. Sometimes it is misguided and easily circumvented.
“Writing these binary puzzles has given us a chance to recreate some of the sophisticated (and sometimes ridiculous) techniques we see. The seven puzzles start with basic skills and escalate quickly to more difficult reversing tasks. At FLARE we have to deal with whatever challenges come our way, so the challenge reflects this. If you take on the challenge you might see malicious PDFs, .NET binaries, obfuscated PHP, Javascript, x86, x64, PE, ELF, Mach-O, and so on.
“And after completing the final challenge, you’ll win a prize and be contacted by a FLARE team member”.
In a sobering revelation of the evolving threat landscape facing the digital asset ecosystem, blockchain intelligence firm TRM Labs has disclosed that over $2.1 billion worth of cryptocurrency was stolen in the first half of 2025 alone, spanning at least 75 high-profile hacks and exploits.
This staggering figure marks a 10 per cent surge over the previous first-half record set in 2022 and nearly eclipses the total stolen in all of 2024.
But beyond the monetary scale, the report reveals a deeper concern: a growing trend of state-sponsored cyber aggression weaponising crypto assets for strategic and geopolitical purposes.
The most devastating breach to date occurred in February when Dubai-based exchange Bybit lost $1.5 billion—the largest crypto heist in history.
TRM Labs attributes the attack to North Korean state actors, noting that the incident alone accounted for nearly 70 percent of total losses during the period and doubled the average hack size to $30 million.
“The Bybit hack redefined the threat landscape,” the report stated.
“It exemplifies how digital asset theft has transcended criminal opportunism and morphed into a tool of statecraft.”
Indeed, North Korea-linked entities were responsible for an estimated $1.6 billion of the total stolen, further entrenching Pyongyang’s status as the most prolific nation-state threat actor in the crypto sphere.
Yet the menace is diversifying. On June 18, Iranian crypto exchange Nobitex was breached for over $90 million by a group reportedly linked to Israel, Gonjeshke Darande (Predatory Sparrow).
Unusually, the stolen funds were routed to unusable vanity addresses, underscoring symbolic and political motives rather than financial gain.
TRM Labs flagged this as a “disturbing shift,” with digital asset theft increasingly deployed as a weapon in asymmetric geopolitical conflict.
The report also found that more than 80 percent of losses stemmed from infrastructure breaches, including private key theft, seed phrase leaks, and front-end compromises— attacks typically ten times costlier than other vectors.
Meanwhile, DeFi exploits such as flash loan manipulations accounted for 12 percent of losses, reflecting persistent smart contract vulnerabilities despite years of scrutiny.
As digital currencies become enmeshed in global rivalries, TRM Labs warns that conventional cybersecurity approaches are now inadequate.
“Massive breaches, often tied to nation-state operations, require a new defence paradigm,” the firm asserted, urging industrywide adoption of advanced safeguards and cross-border collaboration among regulators and law enforcement.
Corporate Affairs Commission (CAC) has inaugurated the pilot take-off of its new Artificial Intelligence (AI)-powered registration portal.
A statement issued by the commission explained that Malam Hussaini Magaji, registrar-general of the CAC, made the announcement during the 2025 Stakeholders Forum in Port Harcourt.
According to him, “the initiative is a major milestone in Nigeria’s business facilitation drive.”
The Registrar further explained that the upgraded portal marks a complete overhaul of the Company Registration Portal (CRP), saying that it comes with advanced features designed to simplify and speed up business registration.
The new system, according to him, allows for instant name reservation approvals, likening the ease to creating an email account, and stressing that the AI-powered platform could suggest available alternatives to business names and approve them immediately.
Another innovation, he stated, is the ability to register a business using only the National Identification Number (NIN) of a director or proprietor, pointing out that there is an ambitious target of completing business registration and certificate generation within 30 minutes, subject to real-time NIN validation.
Bitget has launched its institutional services in Nigeria, offering fintech companies a robust platform to build innovative solutions on top of Bitget’s suite of institutional-grade offerings.
Gracy Chen, CEO, Bitget, in a statement said, “Our goal is to empower Nigerian businesses to innovate and leverage blockchain for wealth creation opportunities, hence, the institutional services empower fintech leaders with tailored solutions, as the offerings designed to cater for the unique operational needs of institutional clients, enabling businesses to embed trading functionalities like spot and futures markets, wallet management, and more, directly into their platforms.
“The Key services include White-label Broker Services which enabled Fintech companies to deploy customized crypto exchanges using Bitget’s infrastructure while managing branding and users independently. There is also API Solutions that can make the Developers to integrate trading functionality via APIs for spot, margin, and derivatives markets, ensuring fast execution and seamless experiences for end users.”
Chen added, “The ND Broker Model provides clients with complete autonomy over user-facing platforms, offering exclusive front-end flexibility while relying on Bitget for back-end market liquidity. Clients are able to employ Protection Fund and Proof of Reserves of over $600million secured in the Bitget Protection Fund and real-time Proof of Reserves, which gives clients assurance of maximum transparency and security.”
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