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Cointelegraph and CoinMarketCap Hack Changpeng Zhao Warning of Issues
Binance founder Changpeng Zhao is sounding the alarm on rising crypto threats following the high-profile hacks of Cointelegraph and CoinMarketCap.
The crypto industry is on high alert after two major websites, CoinMarketCap and Cointelegraph, fell victim to hackers.
In response to these incidents, Binance founder Changpeng Zhao has issued a warning, urging users to be careful with wallet connections.
Changpeng Zhao warns users against the rise of crypto-hacks.
In a recent X post, Binance founder Changpeng Zhao expressed concern over the growing number of crypto hacks.
As an example of the growing threat, CZ highlighted recent breaches of prominent crypto websites such as CoinMarketCap and Cointelegraph. He warned users to be careful when connecting wallets. His post read,
2 days ago CMC, now CT. Hackers are targeting information web sites now. Be careful when authorizing wallet connect.
Recently, Web3 security company CertiK indicated that attackers are turning their attention to targeting users through social engineering schemes exploiting smart contract vulnerabilities. In May,
Coinbase was targeted in a security breach, where hackers stole sensitive information of major clients.
According to CertiK, there has been a significant increase in cryptohacks powered by wallet compromises.
This change is reflected in significant losses in 2025. This year, hackers have stolen more than $2.1 billion, largely due to wallet compromises and phishing attacks.
Ronghui Gu, Co-Founder of CertiK said,
Attackers always target the weakest point…Smart contracts or blockchain code itself was the weakest point, but now the attackers feel like the weakest points may come from human behavior rather than the code.
Whatever happened to CoinMarketCap and Cointelegraph?
Notably, Changpeng Zhao's warning comes in response to recent breaches of CoinMarketCap and Cointelegraph.
CoinMarketCap hack
CoinMarketCap suffered a security breach, where hackers exploited a vulnerability on the platform. While the hacked platform displayed a malicious pop-up notification attempting to trick users into verifying their crypto wallets, CoinMarketCap quickly removed the code.
Changpeng Zhao revealed that CoinMarketCap reported 39 victims with a combined loss of $18,570 based on initial on-chain analysis, and that the platform has committed to cover all losses.
Cointelegraph Hack
Crypto news outlet Cointelegraph confirmed that its website was hacked into a front-end exploit, which promoted a fake token airdrop and targeted user funds.
The media platform acknowledged the “fraudulent pop-ups” and said it was actively working on a fix. "Do not click on these pop-ups, connect your wallet [or] enter any personal information," the platform warned.
Notably, the fake pop-up notification tricked users into a cheap scam. They claimed that users have been selected to be given tokens as part of the platform's 'fair launch initiative'.
It falsely displayed the value of tokens, promised users that they would get about $5,500 worth of tokens if they linked their wallets, and even falsified CertiK's audit approval. This tactic mirrors a similar attack on CoinMarketCap that occurred just two days ago.
#Cointelegraph #CoinMarketCap #HackerAlert #Binance #ChangpengZhao
The crypto industry is on high alert after two major websites, CoinMarketCap and Cointelegraph, fell victim to hackers.
In response to these incidents, Binance founder Changpeng Zhao has issued a warning, urging users to be careful with wallet connections.
Changpeng Zhao warns users against the rise of crypto-hacks.
In a recent X post, Binance founder Changpeng Zhao expressed concern over the growing number of crypto hacks.
As an example of the growing threat, CZ highlighted recent breaches of prominent crypto websites such as CoinMarketCap and Cointelegraph. He warned users to be careful when connecting wallets. His post read,
2 days ago CMC, now CT. Hackers are targeting information web sites now. Be careful when authorizing wallet connect.
Recently, Web3 security company CertiK indicated that attackers are turning their attention to targeting users through social engineering schemes exploiting smart contract vulnerabilities. In May,
Coinbase was targeted in a security breach, where hackers stole sensitive information of major clients.
According to CertiK, there has been a significant increase in cryptohacks powered by wallet compromises.
This change is reflected in significant losses in 2025. This year, hackers have stolen more than $2.1 billion, largely due to wallet compromises and phishing attacks.
Ronghui Gu, Co-Founder of CertiK said,
Attackers always target the weakest point…Smart contracts or blockchain code itself was the weakest point, but now the attackers feel like the weakest points may come from human behavior rather than the code.
Whatever happened to CoinMarketCap and Cointelegraph?
Notably, Changpeng Zhao's warning comes in response to recent breaches of CoinMarketCap and Cointelegraph.
CoinMarketCap hack
CoinMarketCap suffered a security breach, where hackers exploited a vulnerability on the platform. While the hacked platform displayed a malicious pop-up notification attempting to trick users into verifying their crypto wallets, CoinMarketCap quickly removed the code.
Changpeng Zhao revealed that CoinMarketCap reported 39 victims with a combined loss of $18,570 based on initial on-chain analysis, and that the platform has committed to cover all losses.
Cointelegraph Hack
Crypto news outlet Cointelegraph confirmed that its website was hacked into a front-end exploit, which promoted a fake token airdrop and targeted user funds.
The media platform acknowledged the “fraudulent pop-ups” and said it was actively working on a fix. "Do not click on these pop-ups, connect your wallet [or] enter any personal information," the platform warned.
Notably, the fake pop-up notification tricked users into a cheap scam. They claimed that users have been selected to be given tokens as part of the platform's 'fair launch initiative'.
It falsely displayed the value of tokens, promised users that they would get about $5,500 worth of tokens if they linked their wallets, and even falsified CertiK's audit approval. This tactic mirrors a similar attack on CoinMarketCap that occurred just two days ago.
#Cointelegraph #CoinMarketCap #HackerAlert #Binance #ChangpengZhao
🚨 Cointelegraph & CoinMarketCap HACKED — CZ Issues Urgent Wallet Warning 🚨
📢 Two of the most prominent names in crypto — Cointelegraph and CoinMarketCap — have suffered major security breaches, raising serious concerns about platform integrity and user safety.
⚠️ In response, Binance founder Changpeng Zhao (CZ) has issued a stark warning:
🔐 Be extremely cautious with wallet connections.
🌐 With phishing threats and wallet drainers on the rise, this is a critical moment for both users and platforms to double down on cybersecurity hygiene.
🔍 Are crypto platforms doing enough to protect users? What more should the industry be doing?
#CyberSecurity #CryptoHacks #CoinMarketCap #Cointelegraph #CZ
https://coingape.com/cointelegraph-and-coinmarketcap-hacked-changpeng-zhao-issues-warning/
📢 Two of the most prominent names in crypto — Cointelegraph and CoinMarketCap — have suffered major security breaches, raising serious concerns about platform integrity and user safety.
⚠️ In response, Binance founder Changpeng Zhao (CZ) has issued a stark warning:
🔐 Be extremely cautious with wallet connections.
🌐 With phishing threats and wallet drainers on the rise, this is a critical moment for both users and platforms to double down on cybersecurity hygiene.
🔍 Are crypto platforms doing enough to protect users? What more should the industry be doing?
#CyberSecurity #CryptoHacks #CoinMarketCap #Cointelegraph #CZ
https://coingape.com/cointelegraph-and-coinmarketcap-hacked-changpeng-zhao-issues-warning/
#Cointelegraph and CoinMarketCap Hacked; Changpeng Zhao Issues Warning
Binance founder Changpeng Zhao sounds the alarm on rising crypto threats after high-profile hacks hit Cointelegraph and CoinMarketCap.
Highlights
CoinMarketCap and Cointelegraph have been hit by high-profile crypto hacks.
Changpeng Zhao issues a warning against increasing crypto hacks.
A fake pop-up notification on Cointelegraph deceived users with a giveaway scam.
The crypto industry is on high alert after two major websites, CoinMarketCap and Cointelegraph, fell victim to hackers. In response to these incidents, Binance founder Changpeng Zhao has issued a warning, urging users to be cautious with wallet connections.
Changpeng Zhao Warns Users of Increasing Crypto Hacks
In a recent X post, Binance founder Changpeng Zhao has raised concerns over the increasing crypto hacks. As examples of the growing threat, CZ highlighted the recent breaches of prominent crypto websites like CoinMarketCap and Cointelegraph. He cautioned users to be careful when connecting wallets. His post read,
2 days ago CMC, now CT. Hackers are targeting information web sites now. Be careful when authorizing wallet connect.
Recently, Web3 security company CertiK hinted that attackers are shifting their focus from exploiting smart contract vulnerabilities to targeting users through social engineering schemes. In May, Coinbase was targeted in a security breach, where hackers stole sensitive information of major clients.
As per CertiK, there is a notable rise in crypto hacks driven by wallet compromise. This shift is reflected in the significant losses seen in 2025. This year, hackers have stolen more than $2.1 billion, largely due to wallet compromises and phishing attacks.
Binance founder Changpeng Zhao sounds the alarm on rising crypto threats after high-profile hacks hit Cointelegraph and CoinMarketCap.
Highlights
CoinMarketCap and Cointelegraph have been hit by high-profile crypto hacks.
Changpeng Zhao issues a warning against increasing crypto hacks.
A fake pop-up notification on Cointelegraph deceived users with a giveaway scam.
The crypto industry is on high alert after two major websites, CoinMarketCap and Cointelegraph, fell victim to hackers. In response to these incidents, Binance founder Changpeng Zhao has issued a warning, urging users to be cautious with wallet connections.
Changpeng Zhao Warns Users of Increasing Crypto Hacks
In a recent X post, Binance founder Changpeng Zhao has raised concerns over the increasing crypto hacks. As examples of the growing threat, CZ highlighted the recent breaches of prominent crypto websites like CoinMarketCap and Cointelegraph. He cautioned users to be careful when connecting wallets. His post read,
2 days ago CMC, now CT. Hackers are targeting information web sites now. Be careful when authorizing wallet connect.
Recently, Web3 security company CertiK hinted that attackers are shifting their focus from exploiting smart contract vulnerabilities to targeting users through social engineering schemes. In May, Coinbase was targeted in a security breach, where hackers stole sensitive information of major clients.
As per CertiK, there is a notable rise in crypto hacks driven by wallet compromise. This shift is reflected in the significant losses seen in 2025. This year, hackers have stolen more than $2.1 billion, largely due to wallet compromises and phishing attacks.
URGENT SECURITY ALERT FOR CRYPTO USERS
Both #CoinMarketCap and #Cointelegraph were compromised — showing fake WalletConnect pop-ups to steal user funds.
CMC: 110 wallets drained for $43K
CT: Fake airdrop pop-up injected
DO NOT connect your wallet unless you're 100% sure it's legit.
Hackers are now targeting trusted crypto sites.
Retweet to protect the community
#cryptohacks #CryptoNews $BTC $ETH
CMC: 110 wallets drained for $43K
CT: Fake airdrop pop-up injected
DO NOT connect your wallet unless you're 100% sure it's legit.
Hackers are now targeting trusted crypto sites.
Retweet to protect the community
#cryptohacks #CryptoNews $BTC $ETH
Website Cointelegraph bị tấn công lừa đảo bằng Airdrop giả mạo
Trang tin tức tiền điện tử #Cointelegraph đã xác nhận website của mình bị tấn công theo hình thức front-end exploit, nhằm quảng bá một chiến dịch airdrop token lừa đảo và chiếm đoạt tài sản của người dùng. Đây là vụ việc mới nhất trong làn sóng tấn công lừa đảo đang nhắm vào các nền tảng crypto, sử dụng chiêu trò thưởng token giả mạo để dụ dỗ người dùng.
Chi tiết vụ tấn công và cảnh báo từ Cointelegraph
Cointelegraph đã thông báo trên X vào tối Chủ nhật rằng họ biết về "cửa sổ pop-up lừa đảo" và đang "tích cực khắc phục". Họ cảnh báo người dùng "Không nhấp vào các cửa sổ pop-up này, không kết nối ví [hoặc] nhập bất kỳ thông tin cá nhân nào."
Cửa sổ pop-up giả mạo tuyên bố rằng người dùng đã được chọn để nhận phần thưởng token mới, được cho là một phần của "sáng kiến ra mắt công bằng" từ Cointelegraph nhằm tri ân độc giả trung thành. Nó hiển thị một giá token giả mạo và hứa hẹn người dùng nhận được số token trị giá gần 5.500 USD nếu họ kết nối ví tiền điện tử của mình. Ngoài ra, thông báo còn giả mạo rằng công ty bảo mật CertiK đã kiểm toán hợp đồng thông minh.
Mối liên hệ với các vụ tấn công khác và tình hình lừa đảo Crypto
Phương thức tấn công này tương tự như một vụ tấn công front-end vào trang tổng hợp giá CoinMarketCap chỉ hai ngày trước đó. Trong trường hợp của CoinMarketCap, khách truy cập trang web đã thấy các cửa sổ pop-up yêu cầu kết nối ví để xác minh. #CoinMarketCap sau đó đã xác nhận mã độc hại đã được chèn vào trang web và đã bị loại bỏ.
Cả hai sự cố này đều thể hiện một làn sóng tấn công lừa đảo ngày càng tăng nhắm vào các nền tảng crypto thông qua việc xâm nhập giao diện người dùng. Trong các vụ lừa đảo này, nạn nhân bị dụ dỗ kết nối ví dưới chiêu trò giả mạo (như nhận token hoặc xác nhận danh tính) và sau đó tài khoản của họ bị kẻ tấn công vét sạch.
Theo công ty tình báo blockchain TRM Labs, các kế hoạch lừa đảo và tấn công cơ sở hạ tầng dựa trên phần mềm độc hại chiếm 70% trong số 2,2 tỷ USD bị đánh cắp trong các vụ hack liên quan đến tiền điện tử vào năm 2024.
Vụ tấn công Cointelegraph xảy ra chỉ vài ngày sau khi các nhà nghiên cứu bảo mật tiết lộ một vụ rò rỉ dữ liệu khổng lồ chứa hơn 16 tỷ thông tin đăng nhập bị đánh cắp, bao gồm quyền truy cập vào các tài khoản trên các nền tảng như Google, Telegram, Facebook và GitHub. Kho dữ liệu này có khả năng được thu thập từ phần mềm đánh cắp thông tin, tấn công nhồi nhét thông tin xác thực và các vụ rò rỉ trước đó.
Chi tiết vụ tấn công và cảnh báo từ Cointelegraph
Cointelegraph đã thông báo trên X vào tối Chủ nhật rằng họ biết về "cửa sổ pop-up lừa đảo" và đang "tích cực khắc phục". Họ cảnh báo người dùng "Không nhấp vào các cửa sổ pop-up này, không kết nối ví [hoặc] nhập bất kỳ thông tin cá nhân nào."
Cửa sổ pop-up giả mạo tuyên bố rằng người dùng đã được chọn để nhận phần thưởng token mới, được cho là một phần của "sáng kiến ra mắt công bằng" từ Cointelegraph nhằm tri ân độc giả trung thành. Nó hiển thị một giá token giả mạo và hứa hẹn người dùng nhận được số token trị giá gần 5.500 USD nếu họ kết nối ví tiền điện tử của mình. Ngoài ra, thông báo còn giả mạo rằng công ty bảo mật CertiK đã kiểm toán hợp đồng thông minh.
Mối liên hệ với các vụ tấn công khác và tình hình lừa đảo Crypto
Phương thức tấn công này tương tự như một vụ tấn công front-end vào trang tổng hợp giá CoinMarketCap chỉ hai ngày trước đó. Trong trường hợp của CoinMarketCap, khách truy cập trang web đã thấy các cửa sổ pop-up yêu cầu kết nối ví để xác minh. #CoinMarketCap sau đó đã xác nhận mã độc hại đã được chèn vào trang web và đã bị loại bỏ.
Cả hai sự cố này đều thể hiện một làn sóng tấn công lừa đảo ngày càng tăng nhắm vào các nền tảng crypto thông qua việc xâm nhập giao diện người dùng. Trong các vụ lừa đảo này, nạn nhân bị dụ dỗ kết nối ví dưới chiêu trò giả mạo (như nhận token hoặc xác nhận danh tính) và sau đó tài khoản của họ bị kẻ tấn công vét sạch.
Theo công ty tình báo blockchain TRM Labs, các kế hoạch lừa đảo và tấn công cơ sở hạ tầng dựa trên phần mềm độc hại chiếm 70% trong số 2,2 tỷ USD bị đánh cắp trong các vụ hack liên quan đến tiền điện tử vào năm 2024.
Vụ tấn công Cointelegraph xảy ra chỉ vài ngày sau khi các nhà nghiên cứu bảo mật tiết lộ một vụ rò rỉ dữ liệu khổng lồ chứa hơn 16 tỷ thông tin đăng nhập bị đánh cắp, bao gồm quyền truy cập vào các tài khoản trên các nền tảng như Google, Telegram, Facebook và GitHub. Kho dữ liệu này có khả năng được thu thập từ phần mềm đánh cắp thông tin, tấn công nhồi nhét thông tin xác thực và các vụ rò rỉ trước đó.
⚠️ Сайт Cointelegraph взломан, не подключайте кошелёк и не вводите данные во всплывающих окнах.
#Cointelegraph #crypto #NewsAboutCrypto
#Cointelegraph #crypto #NewsAboutCrypto
🚨比特丛林 #BitJungle ：加密信息网站接连遭黑客攻击，CoinMarketCap与Cointelegraph前端被植入恶意弹窗
6月23日，继#CoinMarketCap 之后，#Cointelegraph 官网前端也遭黑客攻击，用户访问时出现无法关闭的「空投」内容弹窗。Binance创始人CZ也发文警告称，黑客正集中攻击加密信息类网站，通过诱导用户授权钱包实施盗窃。据初步链上分析，CoinMarketCap事件已造成39名受害者损失18,570美元。
⚠️比特丛林BitJungle安全团队 提醒，此类攻击通常伪装成「钱包验证」或「空投领取」弹窗，诱导用户签署恶意交易授权。若用户近期访问过相关网站并连接钱包，需立即检查授权记录并撤销可疑权限。目前，Cointelegraph团队已介入处理，但尚未披露攻击细节及受影响范围。
如果你也遭遇类似弹窗或持有加密货币，请暂停连接钱包操作，并检查安全协议。建议优先通过官方App访问，避免点击可疑链接。
6月23日，继#CoinMarketCap 之后，#Cointelegraph 官网前端也遭黑客攻击，用户访问时出现无法关闭的「空投」内容弹窗。Binance创始人CZ也发文警告称，黑客正集中攻击加密信息类网站，通过诱导用户授权钱包实施盗窃。据初步链上分析，CoinMarketCap事件已造成39名受害者损失18,570美元。
⚠️比特丛林BitJungle安全团队 提醒，此类攻击通常伪装成「钱包验证」或「空投领取」弹窗，诱导用户签署恶意交易授权。若用户近期访问过相关网站并连接钱包，需立即检查授权记录并撤销可疑权限。目前，Cointelegraph团队已介入处理，但尚未披露攻击细节及受影响范围。
如果你也遭遇类似弹窗或持有加密货币，请暂停连接钱包操作，并检查安全协议。建议优先通过官方App访问，避免点击可疑链接。
From #Cointelegraph Bullish Fractals of 2017 suggest high impact on $XRP and the view is that its current consolidation could lead to a positive movement that could result in a $10 ATH what do you think about this analysis?
However #SGC continues to plummet higher in the news as captioned in the bingX airdrop with 500 USDT as bait to interested investors anyone considering to cue in?
#FOMCMeeting
However #SGC continues to plummet higher in the news as captioned in the bingX airdrop with 500 USDT as bait to interested investors anyone considering to cue in?
#FOMCMeeting
Mobile #crypto farm found in the back of a KAMAZ truck in Buryatia - #Cointelegraph
This farm was illegally connected to the power grid and was pumping out enough power for an entire village.
95 #miners and a transformer were found inside. The two involved escaped before the police arrived.
This is the sixth case in the region since the beginning of the year. Authorities complain about power outages, voltage drops, and the risks of blackouts.
In Buryatia and other regions of Russia, there is a ban on mining during peak months.
📡 @WISE PUMPS #MetaplanetBTCPurchase
This farm was illegally connected to the power grid and was pumping out enough power for an entire village.
95 #miners and a transformer were found inside. The two involved escaped before the police arrived.
This is the sixth case in the region since the beginning of the year. Authorities complain about power outages, voltage drops, and the risks of blackouts.
In Buryatia and other regions of Russia, there is a ban on mining during peak months.
📡 @WISE PUMPS #MetaplanetBTCPurchase
🚨 *Michael Saylor’s Strategy Acquires 1,045 BTC for $110M*
- Strategy (formerly MicroStrategy) **bought 1,045 BTC** at ~$105,426 each
- Total holdings now ~**582,000 BTC** (~2.75% of circulating supply)
- Funded via preferred stock offering—part of their ongoing accumulation plan
- This marks **nine consecutive weeks**of buys, reinforcing long-term confidence
#Bitcoin #Strategy #Saylor #CryptoAccumulation #Cointelegraph
$BTC $ETH $BNB
- Strategy (formerly MicroStrategy) **bought 1,045 BTC** at ~$105,426 each
- Total holdings now ~**582,000 BTC** (~2.75% of circulating supply)
- Funded via preferred stock offering—part of their ongoing accumulation plan
- This marks **nine consecutive weeks**of buys, reinforcing long-term confidence
#Bitcoin #Strategy #Saylor #CryptoAccumulation #Cointelegraph
$BTC $ETH $BNB
#PANEWS 14 июня согласно мониторингу #Cointelegraph #Blackrock уже владеет 3% от общего объёма БИТКОЙНОВ став одним из крупнейших институциональных держателей.$BTC
😱 #ETH || Shares of Sharplink Gaming are down 73% after filing a large share registration for potential resale for ETH purchase. #Cointelegraph
🔐 $2.1B Lost to Hacks in 2025—Human Error Blamed
$2.1B stolen so far this year; CertiK reveals human missteps as the main culprit.
Security: not just tech—it’s user behavior.
#CryptoSecurity #Hacks #CertiK #CoinTelegraph
$2.1B stolen so far this year; CertiK reveals human missteps as the main culprit.
Security: not just tech—it’s user behavior.
#CryptoSecurity #Hacks #CertiK #CoinTelegraph
🌉 Singapore Sets License Deadline for Overseas Crypto Services
Effective June 30, Singapore crypto firms must get FSM Act license or face bans/fines/jail.
Regulatory clarity = risk mitigation—but tight on timelines.
#Singapore #CryptoRegulation #CoinTelegraph
Effective June 30, Singapore crypto firms must get FSM Act license or face bans/fines/jail.
Regulatory clarity = risk mitigation—but tight on timelines.
#Singapore #CryptoRegulation #CoinTelegraph
🔥 BULLISH: The Blockchain Group, Europe's first #Bitcoin treasury company, announces €9.7M equity and convertible bond issuance to buy more Bitcoin.
#Cointelegraph
#Cointelegraph
⚡ INSIGHT:
Financial advisors are warning against risking your retirement by going all in on crypto — but some older investors feel they have no other choice.$BTC $SOL $ETH
A closer look at the pressure many are facing to diversify their investments amid traditional market uncertainty.
Feat. @ericschiffer via Cointelegraph Magazine.
#CryptoInvesting #FinancialAdvice #CryptoRisk #InvestmentStrategy #Cointelegraph
Financial advisors are warning against risking your retirement by going all in on crypto — but some older investors feel they have no other choice.$BTC $SOL $ETH
A closer look at the pressure many are facing to diversify their investments amid traditional market uncertainty.
Feat. @ericschiffer via Cointelegraph Magazine.
#CryptoInvesting #FinancialAdvice #CryptoRisk #InvestmentStrategy #Cointelegraph
#Blockchain companies warn of sophisticated fraud operations based on artificial intelligence in...
_Blockchain security companies are warning #crypto.projects.and.investors of the imminent risks of more sophisticated fraudulent operations using artificial intelligence (AI) technology during the year 2024. Despite the developments in the field of asset protection and reducing losses from fraud and hacking, which caused a decline from $4 billion in 2022 to $1.7 billion in 2023; Experts that #Cointelegraph spoke to warned in a recent article about the development of fraudulent operations and the need to take more precautionary measures. Jesse Leclere, an analyst at the blockchain security company Certik, pointed to the development of fraudulent attacks, stressing that they will not only target users, but may also target corporate systems. This also happened recently in the case of exploiting the security vulnerability of the electronic wallet company Ledger Connect on December 14.
#LeClair also pointed out in the aforementioned article that generative AI is likely to play a crucial role in making scams more convincing by automating processes and creating fake calls, videos, and messages that are indistinguishable from their real counterparts, targeting crypto users in particular. LeClair added that these fraudulent attacks will continue to focus on bridges between blockchain networks in 2024, with the sector’s increased adoption of solutions for connecting blockchain networks, and these bridges may become tempting targets for hackers in order to exploit weaknesses resulting from transactions between different blockchain networks. It should be noted here that bridges between blockchain systems are the most targeted crypto protocols by hackers. The recent hack of the Multichain protocol in July 2023, which caused a loss estimated at $126 million, is an example of such operations.
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_Blockchain security companies are warning #crypto.projects.and.investors of the imminent risks of more sophisticated fraudulent operations using artificial intelligence (AI) technology during the year 2024. Despite the developments in the field of asset protection and reducing losses from fraud and hacking, which caused a decline from $4 billion in 2022 to $1.7 billion in 2023; Experts that #Cointelegraph spoke to warned in a recent article about the development of fraudulent operations and the need to take more precautionary measures. Jesse Leclere, an analyst at the blockchain security company Certik, pointed to the development of fraudulent attacks, stressing that they will not only target users, but may also target corporate systems. This also happened recently in the case of exploiting the security vulnerability of the electronic wallet company Ledger Connect on December 14.
#LeClair also pointed out in the aforementioned article that generative AI is likely to play a crucial role in making scams more convincing by automating processes and creating fake calls, videos, and messages that are indistinguishable from their real counterparts, targeting crypto users in particular. LeClair added that these fraudulent attacks will continue to focus on bridges between blockchain networks in 2024, with the sector’s increased adoption of solutions for connecting blockchain networks, and these bridges may become tempting targets for hackers in order to exploit weaknesses resulting from transactions between different blockchain networks. It should be noted here that bridges between blockchain systems are the most targeted crypto protocols by hackers. The recent hack of the Multichain protocol in July 2023, which caused a loss estimated at $126 million, is an example of such operations.
#follow To see more breaking news ✅🔥🚀💯
🔥 UPDATE: #Bitcoin is moving in $18,000 blocks and it could hit $122,000 by February, says 10x Research Markus Thielen.
Source: #Cointelegraph #BTCStateReserves $BTC #Alert🔴 #Bullish #Flicky123Nohawn
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Source: #Cointelegraph #BTCStateReserves $BTC #Alert🔴 #Bullish #Flicky123Nohawn
Stay Updated with @Nohawn 🙏🏻🙏🏻
🔥 JUST IN: Bitcoin hits a new hash rate record. The network is now processing ~805 quintillion hashes per second—a sign of growing security and mining power.
#Cointelegraph
#Cointelegraph
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