In Q1 2025, over $2 billion was lost due to cryptocurrency hacks, with $1.63 billion attributed to access control flaws, notably the Bybit hack.
In the first quarter of 2025, the crypto world lost over $1.6 billion to hacks, mainly due to the February ByBit exchange exploit, which constituted over 92% of total losses.
Hackers exploited $1.63 billion in crypto during Q1 2025, with Bybit's breach representing 92% of losses. March saw a 97% drop in thefts, with recovered funds mitigating damage.
1inch faces a $5 million hack amid increasing cryptocurrency incidents, leading to $1.63 billion loss in Q1 2025.
An altcoin platform fell victim to hackers, as reported by cryptocurrency security provider PeckShield.
Abracadabra.Money's GMX pools were hacked, resulting in a $13 million loss, as 6,260 ETH was stolen. GMX denies contract vulnerability involvement, asserting that only Abracadabra's cauldrons were compromised.
$13 million stolen in GMX-Abracadabra integration hack, highlighting security vulnerabilities in decentralized exchanges.
Zoth, a real-world asset re-staking protocol, suffered a security breach resulting in an $8.4 million crypto theft. The attack was likely due to admin privilege leakage.
The DeltaPrime hacker transfers 310 ETH to Tornado Cash after a $4.8 million breach, as identified by PeckShield.
Infini neobank loses $49.5 million in a hack; offers hacker 20% for the return of funds.
Stablecoin bank Infini faces a $50M hack involving 17,696 ETH, soon after Bybit's $1.5B breach. The incident raises cybersecurity concerns in the crypto industry.
BTC falls below $94,000 as a major wallet liquidates 150 WBTC, worth $14 million, sparking significant market movements.
Four.Meme, a Binance Smart Chain platform, faces a malicious attack leading to an estimated $183,000 loss and suspension of token trading. The breach spotlights security concerns for meme coin launchpads.
Bitcoin experiences a notable drop in hacking incidents, with losses down to $87 million in January 2025, according to PeckShield's data.
AI is set to bolster DeFi security by 2025, aiming to curb cybercrime. Proponents argue AI tools can fight cybercriminals more effectively.
Ethereum remains the top target for hackers in 2024, says PeckShield, as crypto attacks increase.
In 2024, crypto activities saw $3 billion lost to hacks and scams, with hacks accounting for over 70% of the total losses, as reported by PeckShield.
In 2024, over $3 billion were lost to crypto hacks and scams, marking a 15% rise from 2023. PeckShield highlights major heists, emphasizing DeFi vulnerabilities. While some funds were recovered, scams like fake platforms remain rampant. Authorities are increasingly involved, stressing caution for crypto users.
Crypto losses hit over $3 billion in 2024 but recovery efforts fell short compared to last year.
Crypto security is in trouble with $3.01 billion lost to cybercrime in 2024, a jump from last year. Even with $488.5 million recovered, things look bleak.
Dutch law student nabbed for a €4.5M crypto scam, roping in 300 victims. Amidst bull market frenzy, scams skyrocket, from Ponzi to fake tokens. Crypto hacks soar to $2.3 billion in 2024, underscoring urgent need for tighter security. Beware of phishing attacks and AI-driven scams.
Orange Finance got hit hard by a hack, losing $787K in crypto. The hacker messed with smart contracts to swipe funds. Security firm PeckShield confirmed it, and now Orange Finance is urging users to stop using the platform immediately.
December 2024 witnessed 25 hacks, leading to $24.7 million in losses, as per Peckshield. Despite the high number, it's a 71% decrease from November, marking it as a month with relatively low impact. Security threats remain a serious concern for the crypto market, as hackers continue to target vulnerabilities.
Crypto hacks and scams caused $29M losses in December, the lowest for 2024 according to CertiK and PeckShield.
Netflix's Squid Game Season 2 launch led to a surge in related tokens, sparking scam concerns. Blockchain firm PeckShield warned about fake Squid Game tokens, highlighting investment risks. Similar scams happened in 2021, showing the ongoing dangers in the crypto world.
Squid Game token tumbles 99% on Base blockchain. Investors hit hard. Caution advised!
FTX liquidator transferred BIT and RAY tokens, sparking market reactions. Alameda moved 72.6 million BIT tokens, worth $64.4 million, to Mirana Ventures, and received USDC and USDT. FTX also sent 378,000 RAY tokens to Binance.
Alameda Research transfers $16M in WLD tokens, sparking interest in Worldcoin and POL breakout potential. A report by PeckShield highlights these moves, detailing transfers to anonymous addresses.
XT.com, a Seychelles-based crypto exchange, was hacked, losing $1.7 million but ensuring customer funds were unaffected. Withdrawals were suspended for maintenance but will resume soon. The cyberattack highlights ongoing security challenges in the crypto industry, as hacks continue despite advancements in technology.
XT.com experienced a $1.7 million hack with funds converted to 461 ETH. While the exchange claimed wallet updates, it suspended withdrawals, sharing updates solely on their website.
FTX transferred nearly 11.4K SOL tokens worth $2.66 million to Binance amidst liquidation efforts to compensate creditors. This move highlights ongoing transparency in handling assets.
A phishing attack on Solana led to the theft of 7M PYTH tokens, worth $2.9 million. PeckShield identified it as a 'zero-transfer poisoning attack'. The stolen tokens were swapped for SOL and moved to another wallet.
