The security incidents occurred days after a researcher discovered a critical bug in a Virtuals Protocol audited contract, which was fixed.
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Phishing attacks were the most costly attack vector for the crypto industry in 2024, netting attackers over $1 billion across 296 incidents.
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Both CertiK and PeckShield shared data showing December was the lowest month of crypto losses in 2024.
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2025 may usher in significant crypto developments, like the first Solana-based ETF and more advanced AI crypto trading bots, but it could also bring new threats.
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The sanctioned agents were allegedly generating funds for North Korea’s nuclear weapon development program in Pyongyang.
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According to Cyvers, the 40% yearly increase was mainly driven by growing access control vulnerabilities amid centralized exchanges and cryptocurrency custodians.
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Losses to crypto phishing scams fell 53% in November, but the Christmas holiday shopping season presents new opportunities for hackers.
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A $450,000 hack on Clipper was likely from a withdrawal vulnerability, not a leak, the decentralized exchange has said.
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South Korea confirms North Korean hackers Lazarus and Andariel were behind the $50 million Upbit hack in 2019, with the stolen crypto now valued at over $1 billion.
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The industry is still recovering from the $230 million WazirX hack, which occurred less than four months ago.
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