🚨 𝗝𝘂𝗹𝘆 𝗖𝗿𝘆𝗽𝘁𝗼 𝗛𝗮𝗰𝗸𝘀 𝗥𝗲𝗮𝗰𝗵 $𝟮𝟲𝟲𝗠, 𝗪𝗮𝘇𝗶𝗿𝗫 𝗧𝗮𝗸𝗲𝘀 𝗕𝗶𝗴𝗴𝗲𝘀𝘁 𝗛𝗶𝘁 🚨
In July, the crypto world was rocked by a staggering $266 million stolen across 16 attacks. The Indian exchange WazirX bore the brunt, losing over $230 million to North Korean hackers, accounting for a whopping 86.4% of the total. Other notable victims included Compound Finance ($24M), Li.Fi protocol ($10M), and both Bittensor and Rho Markets ($8M each).
Centralized finance (CeFi) entities continue to be prime targets for these malicious actors. However, smart contract-based projects aren't safe either, with attacks on them on the rise. Many of these hackers used Tornado Cash to cover their tracks, making it harder to trace stolen funds.
These incidents highlight the ongoing security challenges in the crypto space. It’s essential to stay vigilant, adhere to security best practices, and be cautious when engaging with both centralized and decentralized platforms. Protecting your digital assets should always be a top priority.
Stay safe and informed! 🌐🔒
