๐จ Crypto Security Alert: Major Hacks and Malware Threats You Need to Know About!
๐ The crypto space is buzzing with security concerns this week, from the bizarre โnull addressโ hack on iVest Finance to the widespread vulnerability known as Sinkclose, affecting millions of PCs. Hereโs what you need to know:
DeFi Exploit: iVest Finance Hit Hard
On August 12, iVest Finance suffered a $156,000 exploit. The attacker drained funds by exploiting a flaw in the protocol, where transfers to a null address triggered a donation function, reducing balances by double the intended amount. This shows how even seemingly minor coding issues can lead to major losses. ๐ก๏ธ Stay vigilant, DeFi users!
Malware Alert: Sinkclose Threatens Millions of AMD Devices
Discovered on August 9, the Sinkclose vulnerability affects millions of AMD processors, posing a severe risk to crypto users. This malware is nearly impossible to remove, even with a full system reformat. If youโre using an AMD-powered device, make sure your firmware is updated, or consider switching to a hardware wallet for added security. ๐ฅ๏ธโ ๏ธ
Phishing Scam: Web3 Gamer Loses $69K in USDT
A Web3 gamer fell victim to a phishing scam, losing over $69,000 in Tether. The attacker tricked the user into approving a malicious contract, draining their wallet in minutes. Always double-check URLs and contract addresses when approving transactions to avoid falling prey to these scams. ๐ธ๐จ
Protect your assets by staying informed and cautious in this ever-evolving digital landscape. Share this post to spread the word and help others stay secure! ๐๐
