💸 Hackers stole $142M in July — CoinDCX is targeted again
The crypto market has turned red: $142 million was stolen in 17 attacks in July. And this time, it wasn't the smart contracts — it was human and server vulnerabilities.
➡️ Major breaches:
🟡 CoinDCX (India): $44M — “sophisticated server breach,” one employee was arrested
🟡 GMX: $40M — but the hacker returned everything
🟡 BigONE: $27M — attack through hot wallets
🟡 WOO X: $14M — phishing + access to team device, funds withdrawn in 2 hours
➡️ What worries most:
🟡 Most attacks now occur through social engineering and backend failures, not in the code
🟡 Smart contracts are being audited — but the infrastructure remains the Achilles' heel
🟡 Trend: +27% compared to June, although -46% compared to July 2024
C
o
n$BNB clusion: The code is safer — but people and systems are still the weak link. As long as a single compromised device can unleash millions, trust in centralized exchanges will remain unstable.
#ProjectCrypto #MarketPullback #TrumpTariffs