July saw significant crypto hacks totaling $266 million, with WazirX leading the losses.
Points
- Total of $266 million lost to crypto hacks in July.
- WazirX hack accounted for the majority of losses.
- Other notable hacks include Compound Finance and LI.FI protocol.
- Hackers used crypto mixers to evade detection.
According to data provided by blockchain security company PeckShield, a whopping $266 million worth of crypto was stolen by hackers last month.
WazirX Hack Leads the List
The WarizX hack comes at the top of the list. The prominent centralized Indian exchange lost $266 million worth of crypto. Recently, the exchange launched a recovery plan that allows users to immediately get access to 55% of their assets.
Cointelegraph
Other Significant Hacks
The $24 million hack of decentralized cryptocurrency borrowing and lending platform Compound comes in second place with $24 million worth of crypto.
Berlin-based cryptocurrency trading aggregator LI.FI comes in third place with $8 million. As reported by U.Today, the protocol’s prebridge swapping feature ended up being exploited once again.
Minterest, MonoSwap, and DeltaPrime are also among notable hacks.
Cointelegraph
In most cases, hackers have moved the stolen funds to crypto mixers like Tornado Cash to evade detection and any possibility of tracing back the loot.
解説
- The substantial financial losses due to crypto hacks in July underscore the ongoing security challenges in the industry.
- Centralized exchanges and protocols are major targets, emphasizing the need for enhanced security measures.
- The use of crypto mixers by hackers complicates recovery efforts, highlighting the importance of advanced tracking and preventive technologies.