This past week saw new types of cyberattacks, including the first-ever AI poisoning attack, phishing scams, and a large-scale DeFi platform exploit. These incidents highlight the growing need for stronger security measures in the blockchain industry.

First AI Poisoning Attack Targets Solana Wallet

The first-ever reported AI poisoning attack targeted a Solana wallet, resulting in a $2,500 loss. The victim used ChatGPT to create a bot for trading meme tokens on the Solana-based platform Pump.fun.

The attacker exploited this by locking the user’s profile and inserting an API link with a backdoor, granting access to the victim’s private wallet keys. The stolen SOL, USDC, and other tokens were transferred to a wallet linked to more than 281 similar transactions.

$6.3 Million Phished: DOJ Takes Action

The U.S. Department of Justice (DOJ) has charged five individuals connected to the hacker groups 0ktapus and Scattered Spider. These groups coordinated phishing campaigns targeting employee credentials from tech and cryptocurrency companies.

The hackers bypassed two-factor authentication (2FA) using these credentials and stole $6.3 million worth of cryptocurrencies. These sophisticated attacks spanned four countries. If convicted, the accused face up to 20 years in prison.

DeFi Exploit: Polter Finance Loses $7 Million

The DeFi platform Polter Finance, built on the Fantom blockchain, suffered a $7 million loss due to a smart contract exploit. The attacker used Tornado Cash, an Ethereum-based privacy platform, to launder the stolen assets and transfer them to the Fantom network.

In response, Polter Finance suspended trading operations, alerted cross-chain bridges about unauthorized transfers, and collaborated with authorities to track the associated addresses.

Strengthening Security in the Crypto Ecosystem

This week’s events underscore the increasing complexity of cyber threats in the cryptocurrency space, from AI vulnerabilities to phishing scams and DeFi exploits. While innovations like AI and cross-chain technologies bring new opportunities, they also pose significant risks.

To mitigate future incidents, the industry must prioritize:

  • Advanced security measures,

  • Code verification and threat monitoring,

  • Collaboration with blockchain security firms.

Enhancing security standards is crucial to maintaining investor trust and fostering a robust decentralized financial ecosystem.

#CryptoNewss , #hackers , #cybersecurity , #DEFİ , #HackerNews


Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!

Notice:

,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“