๐จ ๐๐๐น๐ ๐๐ฟ๐๐ฝ๐๐ผ ๐๐ฎ๐ฐ๐ธ๐ ๐ฅ๐ฒ๐ฎ๐ฐ๐ต $๐ฎ๐ฒ๐ฒ๐ , ๐ช๐ฎ๐๐ถ๐ฟ๐ซ ๐ง๐ฎ๐ธ๐ฒ๐ ๐๐ถ๐ด๐ด๐ฒ๐๐ ๐๐ถ๐ ๐จ
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. Itโs 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! ๐๐
