A report by web3 security firm CertiK has revealed that crypto users lost a combined $28 million to an assortment of exploits, hacks, and scams in January. According to the report, the industry lost approximately $10.2 million to exit scams and another $762,000 to flash loan attacks. $26.9 million was lost in major incidents The report shows attackers targeted decentralized finance (DeFi) protocols and individual wallets, stealing a total of $26.9 million in major reported incidents since the beginning of the year. The biggest victim was the DeFi lender LendHub, which lost $5.4 million in a Jan. 12 hack. According
Key Highlights CertiK recorded 103 incidents and 36 phishing scams so far this year, reaching $480 million. Projects like Step Finance, Resolv, and Truebit each lost over $20 million from different attacks. Phishing remains the biggest cause of losses, with attackers using simple tricks to deceive users. About 103 security…
Key Highlights Crypto hacks related losses reached $52M in March, as single breaches triggered wider losses across DeFi platforms in a growing “shadow contagion” effect. Wallet exploits and phishing scams drove over 80% of losses, exposing weak user security as a major risk factor. Social engineering attacks surged, targeting high-value…
Crypto Sleuth and analyst ZachXBT recently uncovered a rise in crypto scams targeting Coinbase users in March. Victims lost over $46 million to these sophisticated schemes. This includes a single theft of 400.099 Bitcoin (BTC) worth about $34.9 million, one of the biggest crypto scams seen this year. ZachXBT Revealed…