⚠️ July Crypto Hacks Reach $266M, WazirX Takes Biggest Hit
🌐 July saw $266 million stolen from the crypto ecosystem through 16 separate attacks. The Indian exchange WazirX suffered the largest loss, with North Korean hackers reportedly stealing over $230 million (86.4% of the total). Other significant victims included Compound Finance ($24M), Li.Fi protocol ($10M), and Bittensor and Rho Markets ($8M each).
❗️Centralized finance (CeFi) entities remain the primary targets for hackers, though attacks on smart contract-based projects are also increasing. Many hackers used Tornado Cash to obscure their tracks after the thefts.
These hacks underscore the persistent security challenges in the crypto space. It's crucial to stay informed about security best practices and remain cautious when interacting with both centralized and decentralized platforms. Always prioritize the safety of your digital assets.
