Last week saw a series of sophisticated cyber attacks that exposed new vulnerabilities in the cryptocurrency industry:
1. First AI poisoning attack on a Solana wallet: A Solana wallet user lost $2,500 after an AI attack in which the ChatGPT bot was exploited to place a link containing a backdoor, allowing attackers to access the wallet keys and steal coins.
2. $6.3 Million Phishing Scam: Hackers carried out phishing attacks on employees of tech and crypto companies in four countries, stealing $6.3 million in cryptocurrency by bypassing two-factor authentication.
3. $7M Polter Finance DeFi Exploit: Polter Finance on the Fantom Chain suffered a massive loss due to a smart contract exploit, where the stolen funds were laundered via Tornado Cash.
With these increasing attacks, the cryptocurrency industry needs to strengthen security measures, such as code validation, threat monitoring, and collaboration with security experts to maintain trust in the decentralized financial system.
