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$142 Million Lost to Crypto Hacks in July: Protect Your Funds with Best Wallet
$142 Million Lost to Crypto Hacks in July: Protect Your Funds with Best Wallet
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BTCCSquare news:
Crypto hackers remained active in July, stealing over $142 million across 17 attacks—a 27% increase from June. Attackers shifted tactics, focusing less on code vulnerabilities and more on social engineering and backend breaches. CoinDCX suffered a $44 million loss after fake recruiters tricked an engineer into installing malware. WOO X and BigONE lost $14 million and $27 million, respectively, due to compromised systems.
Security experts note a trend toward exploiting human weaknesses rather than technical flaws. Investors are increasingly adopting secure solutions like Best Wallet to safeguard assets. The industry faces mounting pressure to address these evolving threats as phishing and infrastructure gaps dominate hacker playbooks.
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