During July, cryptocurrency traders lost $303 million worth of digital assets as a result of exploits and hacker attacks. This is reported by CertiK experts.
In terms of the amount of damage, the most large-scale incident of the outgoing month was the withdrawal of funds from the Multichain cross-chain protocol as a result of technical problems. The project lost, according to CertiK, about $125 million in various assets. After the arrest of executive director Zhao Jun, the platform ceased operations.
The latest major hack was an attack on DEX Curve Finance stablecoin pools by exploiting a vulnerability in the Vyper code. The exchange lost about $52 million in digital assets, according to a CertiK report.
Abuse of instant loans in July brought cybercriminals about $8.7 million. One example of such attacks was the incident with the Conic Finance DeFi protocol, from which 1,700 ETH ($3.26 million) was withdrawn.
The damage from exit scams amounted to approximately $8.6 million.
In terms of the amount of damage, the most large-scale incident of the outgoing month was the withdrawal of funds from the Multichain cross-chain protocol as a result of technical problems. The project lost, according to CertiK, about $125 million in various assets. After the arrest of executive director Zhao Jun, the platform ceased operations.
The latest major hack was an attack on DEX Curve Finance stablecoin pools by exploiting a vulnerability in the Vyper code. The exchange lost about $52 million in digital assets, according to a CertiK report.
Abuse of instant loans in July brought cybercriminals about $8.7 million. One example of such attacks was the incident with the Conic Finance DeFi protocol, from which 1,700 ETH ($3.26 million) was withdrawn.
The damage from exit scams amounted to approximately $8.6 million.
