#CryptoScamSurge #CryptoScamSurge Every year, fraudsters deceive trusting investors out of billions of dollars in cryptocurrency. The schemes used by these criminals are often surprisingly simple, which may seem completely ineffective from the outside.
Last year, hackers and fraudsters stole cryptocurrencies worth $3 billion, which is 15% more than in 2023, according to a study by PeckShield.
The largest hack of last year was the attack on the Japanese cryptocurrency exchange DMM Bitcoin, resulting in the disappearance of $305 million from its accounts. $290 million was withdrawn from the NFT platform PlayDapp, and $230 million from the trading platform WazirX.
In February, following an attack on one of the largest cryptocurrency exchanges in the world, Bybit, they managed to withdraw $1.46 billion, which became the largest cryptocurrency theft of all time. It is believed that hackers from North Korea were behind the robbery.
Initially, the perpetrators gained access to the data of the signatories of Bybit's cold wallet, where the exchange stored its clients' funds. Then, the hackers cloned the transaction signing interface. When responsible parties checked the transfer, they saw the correct destination address and amount, with no suspicious signs, but the logic of the smart contracts themselves was altered.
Last year, hackers and fraudsters stole cryptocurrencies worth $3 billion, which is 15% more than in 2023, according to a study by PeckShield.
The largest hack of last year was the attack on the Japanese cryptocurrency exchange DMM Bitcoin, resulting in the disappearance of $305 million from its accounts. $290 million was withdrawn from the NFT platform PlayDapp, and $230 million from the trading platform WazirX.
In February, following an attack on one of the largest cryptocurrency exchanges in the world, Bybit, they managed to withdraw $1.46 billion, which became the largest cryptocurrency theft of all time. It is believed that hackers from North Korea were behind the robbery.
Initially, the perpetrators gained access to the data of the signatories of Bybit's cold wallet, where the exchange stored its clients' funds. Then, the hackers cloned the transaction signing interface. When responsible parties checked the transfer, they saw the correct destination address and amount, with no suspicious signs, but the logic of the smart contracts themselves was altered.