#crypto exploits

Cyberattacks have become one of the biggest challenges facing the blockchain industry, impacting projects, investors, and the broader crypto market. Recent research uncovers the scale of financial losses, the most common attack methods, and the weaknesses hackers continue to exploit. Understanding these developments is essential for anyone looking to navigate the digital asset space with greater confidence. This detailed article provides valuable insights into the evolving security landscape and the measures that could help reduce future risks. Read the complete analysis to learn more about Crypto Exploits.

Multiple incidents of exploits were discovered in the last week, resulting in loss of cryptos worth more than $208 million.

We have seen two major crypto exploits worth $10-$15 million in July so far even as the month has barely begun.

The $74 million lost to crypto exploits accounted for more than half of the total $145 million lost since the beginning of 2023. The funds lost to flash loan attacks reduced by a whopping 90% as compared to March.

A wallet provider for Algorand has warned its users to withdraw funds from their mnemonic wallets. The warning comes a week after an exploit drained $9.2 million from high-profile MyAlgo wallets. MyAlgo, a wallet provider for the Algorand Network, has warned its users to withdraw their funds amid an exploit that saw nearly $9.2 million […]

In 2022, cyber criminals stole over $2.8 billion in cryptocurrency. The largest hacking incident of 2023 was February 2023’s Oracle attack. As per a 13 February report by CoinGecko, in tandem with DeFiYield’s REKT database, exploiters used an array of methods to steal nearly half of the total cryptocurrency stolen in 2022. This included circumventing […]

According to research, cryptocurrency hacks caused $8.8 million in damages in January. When compared to the $121.4 million in exploitable losses in January 2022, January’s data indicated a 92.7% drop. In addition to the bullish cryptocurrency market rebound in January 2023, there have been other encouraging industry reports. This included a decrease in exploit-related losses […]

$62M crypto stolen in Dec was the ‘lowest monthly figure’ in 2022: CertiK

December proved to be the month with the least crypto stolen in 2022, although there were still 23 major incidents, according to CertiK.