"$370m in crypto stolen in January alone…up fourfold from a year earlier"

Source
Uk Jin

Summary

  • It reported that in January alone, 40 crypto hacking and fraud incidents led to the theft of a total of $370.30m.
  • This was up about 277% from the same period a year earlier and also a sharp increase from the previous month’s $117.80m.
  • Of the losses, about $284.00m came from social-engineering phishing attacks, and losses from phishing scams alone reached $311.30m.
Photo=Shutterstock
Photo=Shutterstock

Even as the crypto (virtual asset) market remains in a slump, attacks targeting digital assets are continuing.

On the 2nd (Korea time), Cointelegraph, a specialist crypto outlet, cited a report by CertiK saying that 40 hacking and fraud incidents occurred in January alone, resulting in the theft of digital assets worth a total of $370.30m. That represents an increase of about 277% from the same period a year earlier.

Crypto theft also rose sharply from the previous month. The total amount stolen in December came to $117.80m.

Of the losses, about $284.00m stemmed from social-engineering phishing attacks targeting a single victim (a hacking method that exploits human vulnerabilities rather than technical flaws). In particular, losses from phishing scams alone reached $311.30m, accounting for the bulk of the total damage.

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Uk Jin

wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
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