๐จ Crypto 2023 Hacklights ๐จ
2023 witnessed a crypto resurgence, yet challenges persisted with $2.4 billion lost to hacks. Key moments:
Q3 Hack Surge: $700 million in losses across 184 hacks.
Top Hacks of 2023:
- Kyber Network: $54.7M - The attacker demanded control; Kyber stood firm.
- Curve: $73.5M - Whitehat bounty led to partial recovery.
- Euler Finance: $197M - Bizarre flash loan attack; swift fund return.
- Mixin Network: $200M - Catastrophic cloud attack; 50% refund pledge.
- Multichain Bridge: $126M - Suspicion of an inside job; caution urged.
- Atomic Wallet: $100M+ - Lazarus group breach; lawsuits in progress.
- Stake: $41M - Sophisticated breach; customer funds unaffected.
Despite challenges, the crypto community's resilience and innovation point towards a robust decentralized future.
Stay safe as we head into 2024!
โ ๏ธ Phishing Alert โ ๏ธ
Beware of job scams on freelance platforms...
Be cautious if someone invites you to apply for a job on platforms like Upwork, Fiverr, or Freelancer.
The scammer may ask job-related questions to gain your trust.
They might appreciate your experience and offer a job with a higher payout than your bid.
Stay alert if they share a link asking you to connect your MetaMask wallet to access their portal.
Connecting the wallet may lead to an attempt to wipe out your funds.
Verify the shared link, check their social media handles, and compare with official sources to spot phishing attempts.
Today, we encountered a similar incident with someone pretending to be Gamma Strategies, offering a $60/hour job. They shared a link, https://t.co/Ty9vethJCA, which appears identical to their official website, https://t.co/Z44kgv8BZf. Upon wallet connection, they attempted to drain funds.
Your attentiveness and awareness can prevent falling victim to phishing attacks.
Stay Vigilant and Stay Safe!
#phishing #cryptocurency @GammaStrategies
๐จย $320M Lost to Hacks in November only!
Did you know? A staggering $240M of this total loss resulted from compromised private keys. ๐ฑ
Here are some common ways private keys are compromised:
1/ Phishing Attacks: Malicious actors often use deceptive emails or websites to trick individuals into revealing their private keys.
2/ Insider Threats: A developer with access to private keys may intentionally misuse or leak them.
3/ Insecure Development Environments: If development environments are not adequately secured, they can become targets for attackers seeking to obtain private keys.
4/ Code Vulnerabilities: Bugs or vulnerabilities in the code, especially in smart contracts, can expose private keys if not properly addressed during development.
5/ Mismanagement of Keys: Developers might inadvertently expose private keys in code repositories, configuration files, or other insecure locations.
6/ Lack of Access Controls: Insufficient access controls can lead to unauthorized personnel gaining access to sensitive information, including private keys.
To mitigate these risks, developers should follow best practices for secure coding, implement proper access controls, use secure development environments, and undergo regular security training. Additionally, employing processes like code reviews and audits can help identify and rectify potential vulnerabilities.
At @Scrutify, we understand the value of security. Don't be the next victim. Click the link below to Request an Audit from Scrutify.
https://t.co/wijGyR4qKF
๐ธ๐ Millions lost to crypto hacks since Jan 2023:
Safemoon - $8.9m hacked,
Sushiswap - $3.3m exploited,
Yearn - $10m lost,
Hundred Finance - $7.4m compromised,
and more to be expected.
๐ Exploiting vulnerabilities in smart contracts is a primary cause of these losses. In our latest blog post, we dive deep into "5 Common Smart Contract Vulnerabilities and How to Fix Them."
Learn how to safeguard your investments and protect against potential exploits. Read the full article here: https://t.co/UiXsawy9si
#SmartContracts #BlockchainSecurity #Web3Security
Just like a locked house catches the eye of a potential thief, audited projects tend to draw more #investors and, unfortunately, #hackers too.
But here's the catch: not all audits are conducted equally.
A poor-quality audit is like a weak lock, increasing the risk of a breach.โ๏ธ
Unaudited projects are not automatically #safe either. As the #userbase grows, so does the risk. That's why regular audits are crucial.
At @Scrutify, we take #SmartContractAudits to the next level, going beyond surface-level checks. We have built a tool that uncovers maximum vulnerabilities and offers actionable recommendations to fortify the project's security. This also reduces the man's efforts, however, we conduct both automated and manual analysis.
โ Whether your project is audited or not, ongoing audits are vital for protecting your investors and users.
Don't compromise on security.
Reach out to us to discuss your project requirements and take the first step towards a more secure future. Visit https://t.co/xmPmBoZWJJ to request an audit. #Web3Security
๐ From real estate to artwork, numerous real-world assets (#RWA) are being tokenized, transforming industries and opening up exciting opportunities.
Here are 10 assets that are already being tokenized:
๐งต Thread ๐
Exciting Update! ๐
We are happy to share that Scrutify has reached a #milestone of 500+ followers on #Twitter! ๐๐
We appreciate the #support and #engagement from our amazing followers who are passionate about #blockchain#security. Thank you for being a part of our journey as we work towards making the #Web3 world more secure.
Stay tuned for valuable content and updates on smart contract auditing and blockchain security. Join us on Twitter to be a part of our growing community!
#Scrutify #SmartContractAuditing #BlockchainSecurity #Web3Security
Bitcoin has officially entered THE GUINNESS BOOK OF WORLD RECORDS for a number of entries. ๐
๐ The first decentralized cryptocurrency
๐ Most valuable cryptocurrency network
So good to see this achievement. ๐๐ป
Are you accepting payments in #Bitcoin? Let us know in reply
The Senior Superintendent of Police, in Firozabad, India, launched a pilot project โPolice complaint on blockchain.โ The project is the first of its kind in India and is powered by Polygon.
1/6
These experiments are certainly pushing India towards mass adoption.
We, at @LapitsTech, help businesses/startups build their web3 applications. Lapits with an excellence record, and 5 years in the industry, offers wide range of blockchain development services.
5/6
Things to do when you're a crypto investor:
- Choose a trusted platform
- Don't keep your funds in a hot wallet
- Don't park your cash in exchange a/c (that's not a substitute)
- Always follow a legit process
- Declare income in ITR even if you're using an international platform