Crypto Chaos: Scammers Steal $10M in Phishing Attacks, SlowMist Reports $98M Lost in Jan!

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Get ready for some jaw-dropping news, folks! SlowMist has released its monthly security report, and it’s not pretty. Apparently, the total losses from Web3 security incidents in January were a whopping $98.19 million! That’s right, you heard it here first! 🤯

Now, don’t get too excited, because that number is actually down from $160 million during the same month last year. But hey, let’s not split hairs here. That’s still a lot of moolah! 💰

According to SlowMist, there were 40 hacking incidents resulting in a loss of about $87.94 million, with $1.47 million successfully recovered. The incidents were largely caused by contract vulnerabilities, compromised accounts, and private key leaks. SlowMist stated:

“‘According to the SlowMist Hacked Database, there were 40 hacking incidents, resulting in a loss of about $87.94 million, with $1.47 million recovered.’”

But wait, there’s more! Several major platforms were affected by security breaches during the month. On January 23, Singapore-based cryptocurrency exchange Phemex suffered a hot wallet attack, resulting in a loss of approximately $70 million. Ouch! 💔

And if that’s not enough, the P2P trading platform NoOnes was targeted in an exploit involving its Solana bridge, causing a loss of around $7.2 million. AdsPower fell victim to a malicious attack on January 24, when hackers infiltrated their system and spread harmful software, compromising third-party browser extensions and stealing over $4.7 million. 😱

But wait, there’s still more! Phishing scams and account compromises are on the rise. In January, more than 9,220 victims lost $10.25 million to crypto phishing scams, marking a 56% drop from December 2024’s $23.58 million. But hey, who’s counting? 🤷‍♀️

According to the SlowMist report, there was also an increase in account compromises, with 21 breaches recorded in January, many involving high-profile personnel. Meme coin scams are another tactic deployed by malicious actors, who use social media to promote fake tokens, luring users with promises of quick gains before disappearing with the funds. 🎭

So, what have we learned today? Well, for one, the crypto world is still the wild west, and it’s every man, woman, and child for themselves. So, be careful out there, folks! And remember, if something seems too good to be true, it probably is. 🤓

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2025-02-06 18:48