securityawareness

Crypto Hacks and Scams Surge by Over 150% in Q3 2023: Immunefi Report 🔥

Nearly $700 million was lost to hacks and scams in the last quarter, according to a report from blockchain security platform Immunefi. The number of attacks surged by 153%, with 76 instances recorded compared to just 30 in Q3 2022.

The Lazarus Group, often linked to North Korea, was the most prolific attacker, stealing over $208 million via various hacks and scams. In stark contrast, only 3.3% of losses were attributed to rug pulls and other scams, down from a quarter earlier.

Decentralised finance (DeFi) protocols saw the highest losses—about 73% of total amounts—and centralised services accounted for around 27%. Ethereum projects experienced 42.7% of the losses, while BNBChain recorded 30.6%.

This is the worst quarter yet in terms of crypto hacks and scams, highlighting the growing threat to investors.

Are you staying vigilant against these threats? 🛡️

#Crypto #HacksAndScams #SecurityAwareness

Recent report about fake “zksync.jp” token highlights security risks in Ethereum layer‑2 ecosystem.
The scam leveraged the ZK‑Sync branding, which is built on $ETH ’s rollup technology to improve scalability.
$ETH continues to see developer activity growth, with multiple upgrades scheduled for 2024 enhancing rollup compatibility.
On‑chain data shows a steady increase in ZK‑Rollup transactions, indicating broader adoption despite isolated fraud cases.
Users are reminded to verify contract addresses and use official sources when interacting with layer‑2 bridges.
🔍 DYOR and stay vigilant to protect assets in the rapidly evolving DeFi landscape.
#CryptoEducation #Ethereum #Layer2 #SecurityAwareness #GAMERXERO