$1 Billion Hacked and Exploited in the Past 8 Months

Over the past 8 months, according to data from the REKT database, hacks and exploits have amounted to a staggering $1.307 billion in losses for users. 💸

In February 2024 alone, the Dapp ecosystem fell victim to a devastating hack, resulting in the loss of $148 million. 😱

Dappradar highlights that these losses stem primarily from exchanges and DeFi platforms. 📉

Within the exchange sector, two significant events occurred: the exit scam of Bitforex, where users were locked out of the website before its shutdown, and an exploit at FixedFloat resulting in a $26.1 million loss. 💻

On the other hand, in the DeFi sector, a breach of user private keys on PlayDapp, an Ethereum and Polygon-based play-to-earn gaming platform, led to losses of approximately $32.3 million. 🔐

It is crucial to safeguard your private keys and diversify your funds across various exchanges. 💰

To enhance security in the WEB3 sector, consider using a new wallet with only a small amount of funds and utilize the Binance Pro APP for convenient WEB3 without accessing the links. 🌐

Reference:

Gherghelas, S. (2024, March 7). Crypto Hype Pushes Dapp Industry Adoption to New All-Time High with 6,7 Million Daily Wallets. DappRadar. https://dappradar.com/blog/crypto-hype-pushes-dapp-industry-adoption-to-new-all-time-high-with-67-million-daily-wallets

#Dappecosystem #binanceweb3 #web3 #dapphack #hack #security #cryptosecurity #cryptoextraction 🚀