hotwalletrisk

🚨 SOLANA HACK SHOCKER: TRUST ERODED! 🚨

Major security breach alleged against $SOLANA ecosystem. Users reporting massive fund loss due to alleged phishing or faulty updates. Zero faith left in hot wallets after this disaster. Time to pivot hard.

• Shifting focus entirely to $ICP ecosystem.
• Security must be foundational, not just marketing talk.
• This event highlights critical infrastructure risks in DeFi.

This setup screams for a hard look at decentralized security standards. Watching $ICP closely as capital seeks refuge.

#SOLANA #ICP #CryptoSecurity #HotWalletRisk #DeFiFails 🛡️

KuCoin (2020) – $281 Million Stolen

Hackers breached KuCoin’s hot wallets in September 2020, stealing $281 million in various tokens. Swift tracing efforts allowed KuCoin to recover $204 million. The Lazarus Group was also tied to this breach.

➡️ Lesson: Real-time blockchain forensics and collaboration with global platforms are vital.

#KuCoinHack #HotWalletRisk $BTC $ETH

BigONE $27M Breach—Supply Chain Compromised

Seychelles-based BigONE confirmed a major exploit in July where hackers breached a software update mechanism, injecting a malicious payload that enabled hot wallet extraction. Assets lost included Bitcoin, Ethereum, USDT, SOL, and XIN—valued at ~$27 million.

Though BigONE pledged to refund users in full, investigations revealed a lapse in their endpoint access policies and API credential logging. Blockchain analysis firms believe credentials were exfiltrated via a compromised 3rd-party dev tool with improper permission scopes.

Following the attack, BigONE suspended trading for 48 hours, migrated wallet architecture, and mandated 2FA and biometric auth for all withdrawals.

Reminder: Never use dev/test credentials on live wallets. All wallet keys must be isolated from the software supply chain.

Cashtags: $SOL, $ETH

Hashtags: #CEXHack #HotWalletRisk #CryptoSafety