In May 2024, DeFi hackers caused significant losses amounting to over $600 million through seven major hacks. The largest of these was a $304 million hack of DMM Bitcoin, primarily due to compromised private keys. Additionally, phishing attacks have been on the rise, with notable incidents including a $2.1 million loss from a fake app and another phishing transaction resulting in a $64,000 loss. The total losses from crypto hacks in May were almost double the combined losses from January to April 2024. According to the SlowMist Weekly Security Report (May 27 - June 2, 2024), one phishing attack resulted in the loss of 565.3 $ezETH-WETH-BPT. Security experts are urging crypto holders to adopt stringent security measures to protect their assets.
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Crypto hack in May ($372.9M), almost x2 the total from Jan-April ($201.98M) All of these losses could have been avoided with a single tool. Here’s my Go-to tool for crypto security :🧵 https://t.co/F9T0p8u2Qa
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🚨ALERT🚨Our system has detected a phishing transaction! An address (0x7ec689db1efce409392fc7110c4cd57604bc8ada) fell victim to a phisher and lost $64K worth of digital assets at https://t.co/FFIRX5tH3d Want to keep your company off our alerts radar? Learn how to secure your… https://t.co/8OqpOuqJwq
#PeckShieldAlert #Phishing ZachXBT has reported that 0xa38A...1F42 fell victim to phishing by #Fake_Phishing187019, resulting in the loss of 565.3 $ezETH-WETH-BPT (worth ~$2.1m) https://t.co/v8GsxJgFGN
Someone just got phished for $2.1 MILLION Looks like the person connected to a fake app. This is crypto taking self custody over your assets is an amazing powerful thing. However there are risks: Always make sure you're connected to legitimate apps. Always double check… https://t.co/zpz9gv26Wr
🚨 SlowMist Weekly Security Report (May 27 - June 2, 2024) 🚨 Total Losses: Over $312M😱 Every so often, we face a major hack that skyrockets our weekly reports tenfold. This week's $312M loss is a painful reminder that even large institutions can become a victims of hack.…
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Keep your crypto SAFU. Here's how 👇 https://t.co/91UsmP7yBe
🚨 After a quiet April, #DeFi hackers struck hard in May 2024, causing over $600M in losses from seven major hacks: 💰 $304M hack of @DMM_Bitcoin 🔑 Most #hacks due to compromised private keys Let's dive deeper ⬇️ https://t.co/ff73vZ6P07