cryptohacks

On June 6, 2025, the DeFi platform ALEX Lab, operating on the Stacks blockchain, suffered a hacking attack that resulted in the theft of assets totaling $8.3 million. According to data from X, the attacker exploited a vulnerability in the self-listing logic, allowing them to withdraw 8.4 million STX, 21.85 $BTC , 149,850 USDC/USDT, and 2.8 WBTC. This is the second major breach of the platform in two years, following the attack in May 2024 for $4.3 million.

The only security guide you’ll need:
1 / Scammers have leveled up.
Fake airdrops. Phishing sites that perfectly mimic the real thing. One wrong click or token approval—and your wallet’s gone.
But here’s the good news: You can bulletproof your setup.
2 / Your seed phrase is the master key to your crypto life.
If someone gets it, they don’t just access your wallet—they own it.
Never store it on your phone, computer, or cloud.
Keep it offline. Written. Hidden. Secure.
Lose it or leak it—and it’s game over. No recovery. Ever.
3 / Storing your seed phrase the right way is non-negotiable.
- Write it on paper — or better yet, use a metal backup like Cryptosteel.
- Keep multiple copies in separate, secure places: a home safe, bank deposit box, or with someone you deeply trust.
🚫 No photos. No screenshots.
📷 No cloud. No password managers.
4 / Use a hardware wallet. Seriously.
Hot wallets like MetaMask are convenient—but they’re always online, and that means exposed.
A hardware wallet (Ledger, Trezor) keeps your private keys offline, out of reach from hackers.
If you’re holding real money in crypto, this isn’t optional. It’s the baseline.
5 / Phishing scams are everywhere—and they’re getting harder to spot.
Fake sites can look identical to the real ones. One wrong click, and your wallet’s drained.
✅ Always double-check URLs.
📷 Never click random links on Telegram, Discord, or Twitter.
If someone DMs you a link out of nowhere, assume it’s a scam.
6 / Secure your devices—because if your device is compromised, so is your wallet.
🔒 Use 2FA (never SMS). Stick to apps like Google Authenticator—or better, a hardware key like YubiKey.
📶 Avoid public Wi-Fi. Use a VPN whenever possible.
🛡️ Keep your OS, browser, and wallet apps updated—patches fix real vulnerabilities.
Security starts before you even open your wallet.
7 / Be extra careful with trading and dApps.
1) Always verify the contract address before buying—scammers often clone legit projects.
2) When approving transactions, never allow unlimited spend. Set a custom limit instead.
One bad approval is all it takes to empty your wallet.
8 / Never trust random DMs. Ever.
No legit admin, support rep, or influencer will message you first.
If someone asks for your seed phrase or tells you to “verify” anything—it’s a scam.
Rule of thumb: If it sounds too good to be true, it’s a trap.
9 / Revoke risky wallet permissions—before they get used against you.
Many dApps ask for unlimited spend approvals. If compromised, those permissions can drain your wallet.
10 / Always have an emergency plan.
Use multiple wallets with clear roles:
- Cold wallet → Long-term storage - Hot wallet → Daily use - Burner wallet → For risky dApps & unknown tokens.
If something feels off, don’t wait—move your funds immediately.
11 / In crypto, you are the security.
No refunds. No customer support. No undo button.
One mistake can cost you everything.
Stay paranoid. Double-check everything.
And never think you’re “too smart” to get hacked—no one is.
12 / If this thread helped you, share it. The more people stay safe, the harder it gets for scammers to win.
Crypto security isn’t just personal—it’s collective.
Got a tip I missed? Drop it in the replies ⏬ Let’s make the space safer together.
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#MyCOSTrade #cryptohacks

The Singapore High Court rejected the restructuring plan for the WazirX cryptocurrency exchange on June 4, 2025, proposed after a massive hack in July 2024, which resulted in the loss of $235 million — nearly 45% of the exchange's assets. The plan, developed by the parent company Zettai Pte Ltd, aimed to return up to 85% of the lost funds to users through the issuance of recovery tokens and the launch of a decentralized exchange. However, the court found the plan insufficiently transparent, particularly due to discrepancies in Zettai's registration in India and plans to relocate operations to Panama under the new brand Zensui.

Renowned blockchain investigator ZachXBT has uncovered new links pointing to North Korean hackers, who reportedly used cross-chain bridge technology to disguise the movement of stolen funds from the Bybit exchange. This revelation has sparked concern across the crypto community and reignited discussions about vulnerabilities in blockchain security infrastructure.

🌉 Cross-Chain Bridges: A Tool for Users, a Weapon for Hackers
According to the findings, the stolen assets were swiftly moved across different blockchains, making them significantly harder to trace. The cross-chain bridges, meant to enhance interoperability and user experience, are now proving to be prime targets and tools for sophisticated cybercriminals.
ZachXBT emphasized that North Korean-linked groups are effectively exploiting these technologies to launder funds. As a result, tracking transactions becomes far more difficult, complicating efforts for investigators and exchange security teams alike.

⚠️ Community Response: Call for Greater Oversight and Coordination
The crypto community reacted quickly. Many experts warn that unless a coordinated, cross-chain security strategy is implemented, such attacks will likely continue.
🔹 Calls are being made to developers, exchanges, and regulators alike.

🔹 The goal is to strengthen defenses against abuse of emerging technologies.

🔹 Discussions include enhanced detection systems, data-sharing protocols, and ecosystem-wide cooperation.

🧨 North Korea’s Cyber Legacy: Over $2 Billion in Illicit Gains
North Korea has long been accused of conducting large-scale cyber operations targeting financial and crypto platforms. Estimates suggest the regime has generated over $2 billion through various hacking campaigns, including attacks on exchanges and DeFi projects.

📈 Crypto Market Still Sees Growth
While investigations continue, the broader crypto market shows positive momentum. Ethereum (ETH) is currently trading at $2,608.42, with a market cap exceeding $314 billion. Over the last 24 hours, trading volume surged 51.51%, while ETH’s price rose +4.71% over the last day and +44.80% over the past 60 days.

🔍 Conclusion: Cross-Chain Infrastructure Under Fire
This latest incident highlights how technologies designed to enhance blockchain interoperability are also opening new attack vectors. Preventing abuse of these bridges will be crucial in shaping the next generation of crypto security standards.

#NorthKoreaHackers , #cryptohacks , #HackerAlert , #CyberSecurity , #CryptoNewss

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,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

A major security breach has struck crypto exchange BitoPro, with hackers making off with more than $11.5 million in digital assets.
🔍 Key Details:
The hack occurred on May 8, but details only surfaced recently.
On-chain analysts spotted suspicious fund movements to DEXs, Tornado Cash, and even bridging to Bitcoin via THORChain—classic laundering tactics.
BitoPro says user withdrawals remain unaffected and that a third-party security firm is now involved in tracking the stolen funds.
🛡️ Wider Implications:
DeFi platforms remain prime targets—recent exploits have also hit Cetus and Nervos.Security experts are stressing strong access control as a key defense strategy.
💬 The Big Question:

With the rise in sophisticated attacks, how can exchanges and users better protect their assets?
🔔 Follow for in-depth crypto security insights and real-time updates!

#cryptohacks #DeFiSecurity #BlockchainSecurity" #TornadoCash #CryptoNews