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Reading: Crypto Hacks Continue to Plague the Market in 2024
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Latest cryptocurrency news > CRYPTOCURRENCY SECURITY > Crypto Hacks Continue to Plague the Market in 2024
CRYPTOCURRENCY SECURITY

Crypto Hacks Continue to Plague the Market in 2024

BH NEWS
Last updated: 16 January 2024 22:50
BH NEWS 2 years ago
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The crypto market has seen a decrease in hacks in 2023 compared to 2022, but 2024 has started with a surge in such incidents. As of the time of reporting, two hacking cases are actively targeting investors’ wallets.

Jasmy Coin’s CFO’s Twitter account was compromised, and attackers are currently spreading false information about an airdrop. This highlights the need for vigilance among investors, as even official accounts like the SEC’s have been hacked in the past. The possibility of seeing high-profile accounts like Vitalik Buterin’s being used to promote fake staking protocols should not be surprising, given the increasing sophistication of attackers’ narratives.

The second ongoing hack affects users of Socket/Bungee. Millions of dollars have already been drained, and attackers continue to empty wallets of users who have not revoked permissions.

It is crucial for users involved with these platforms to immediately cancel permissions using tools like Revoke Cash to prevent further losses.

The crypto community is urged to stay alert and skeptical of too-good-to-be-true offers and announcements, regardless of the source, to safeguard their assets against such security breaches.

You can follow our news on Telegram and Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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