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The Ten Attacks That Broke Crypto Security
The recent list detailing the top ten security breaches is a chilling reminder that volatility isn't the only risk in decentralized finance. This fall, we saw sophisticated exploits that didn't just target small protocols; they hit major foundations, leading to hundreds of millions in lost capital. The sheer scale confirms that infrastructure security remains the single biggest hurdle for mass adoption. While everyone tracks the price action of $BTC and the development of $ETH, the hidden danger is the smart contract vulnerability waiting to be triggered. Investors must prioritize due diligence on protocol audits. These ten events define a period where the cost of trustlessness was painfully high.
Not financial advice. Do your own research.
#CryptoSecurity #DeFi #Exploits #RiskManagement #Web3 ๐ก๏ธ
The recent list detailing the top ten security breaches is a chilling reminder that volatility isn't the only risk in decentralized finance. This fall, we saw sophisticated exploits that didn't just target small protocols; they hit major foundations, leading to hundreds of millions in lost capital. The sheer scale confirms that infrastructure security remains the single biggest hurdle for mass adoption. While everyone tracks the price action of $BTC and the development of $ETH, the hidden danger is the smart contract vulnerability waiting to be triggered. Investors must prioritize due diligence on protocol audits. These ten events define a period where the cost of trustlessness was painfully high.
Not financial advice. Do your own research.
#CryptoSecurity #DeFi #Exploits #RiskManagement #Web3 ๐ก๏ธ
๐จ zkLend Shuts Down Amid Exploit Fallout ๐จ
Following recent exploits and delistings, zkLend has officially ceased operations.
The remaining $200k is being redirected to users impacted by the situation.
๐ Stay tuned for more updates as the platform winds down.
#CryptoNews #zkLend #Exploits #CryptoShutdown #DeFi #Crypto
Following recent exploits and delistings, zkLend has officially ceased operations.
The remaining $200k is being redirected to users impacted by the situation.
๐ Stay tuned for more updates as the platform winds down.
#CryptoNews #zkLend #Exploits #CryptoShutdown #DeFi #Crypto
#Crypto Losses Hit $163 Million in August 2025 as #Hacks , #Exploits , and #Scams Surge
Blockchain security firm PeckShield has reported another devastating month for the cryptocurrency sector, with an estimated $163 million in digital assets stolen in August 2025.ย From social engineering scams targeting individual holders to sophisticated #DeFi exploits, the latest wave of breaches underscores the mounting risks in an industry already rattled by billions in losses this year.
August: The Deadliest Month for Crypto in 2025?
August once again highlighted theย vulnerability of exchanges, DeFi platforms, and individual investors. While hacks have plagued the industry since its inception, theย scale and frequency of recent incidentsย point to a new escalation.
The most high-profile theft of the month occurred onย August 19, when a Bitcoin holder became the victim of aย social engineering attack. Criminals impersonated hardware wallet support agents, tricking the user into disclosing sensitive credentials.
The result:ย 783 $BTC โ worth $91.4 million at the time โ was drainedย from the victimโs wallet. The stolen coins were swiftly routed throughย Wasabi Wallet, a privacy-focused mixing tool designed to obscure transaction trails.
This single incident accounted for more than half of all funds lost in August, making it one of theย largest individual thefts in 2025ย so far.
BtcTurk Breach: Turkeyโs Largest Exchange Targeted
While individuals remain vulnerable, exchanges also faced devastating blows.ย BtcTurk, Turkeyโs biggest crypto exchange, reported losses estimated between $48 million and $54 millionย after hackers gained access to hot-wallet keys.
Hot wallets, which remain connected to the internet for liquidity purposes, are frequent targets of cybercriminals. Although exchanges often maintain insurance funds or emergency reserves, such breaches continue to erode public confidence in centralized platforms.
read more 24crypto .news
Blockchain security firm PeckShield has reported another devastating month for the cryptocurrency sector, with an estimated $163 million in digital assets stolen in August 2025.ย From social engineering scams targeting individual holders to sophisticated #DeFi exploits, the latest wave of breaches underscores the mounting risks in an industry already rattled by billions in losses this year.
August: The Deadliest Month for Crypto in 2025?
August once again highlighted theย vulnerability of exchanges, DeFi platforms, and individual investors. While hacks have plagued the industry since its inception, theย scale and frequency of recent incidentsย point to a new escalation.
The most high-profile theft of the month occurred onย August 19, when a Bitcoin holder became the victim of aย social engineering attack. Criminals impersonated hardware wallet support agents, tricking the user into disclosing sensitive credentials.
The result:ย 783 $BTC โ worth $91.4 million at the time โ was drainedย from the victimโs wallet. The stolen coins were swiftly routed throughย Wasabi Wallet, a privacy-focused mixing tool designed to obscure transaction trails.
This single incident accounted for more than half of all funds lost in August, making it one of theย largest individual thefts in 2025ย so far.
BtcTurk Breach: Turkeyโs Largest Exchange Targeted
While individuals remain vulnerable, exchanges also faced devastating blows.ย BtcTurk, Turkeyโs biggest crypto exchange, reported losses estimated between $48 million and $54 millionย after hackers gained access to hot-wallet keys.
Hot wallets, which remain connected to the internet for liquidity purposes, are frequent targets of cybercriminals. Although exchanges often maintain insurance funds or emergency reserves, such breaches continue to erode public confidence in centralized platforms.
read more 24crypto .news
๐จย How one Hacker STOLE $116,000,000 - Smartest Hacker of 2025?
The Balancer exploit wasnโt your average DeFi rug - it was a months-long operation executed with surgical precision.
Onchain data shows the attacker seeded their wallet with tiny 0.1 ETH deposits from Tornado Cash, slowly building up stealth funding while avoiding any detection triggers. The address held at least 100 ETH in mixers - a move that hints this wasnโt a rookie but a seasoned exploiter, possibly linked to past hacks.
Then, when the timing was right, they struck - draining $116 million from Balancerโs V2 pools. Security analysts say the attacker bypassed access control layers to directly manipulate asset balances - not a flaw in Balancerโs core code, but in its operational governance. Thatโs next-level.
Cyvers called it โthe most sophisticated attack of 2025.โ And itโs hard to disagree. This wasnโt brute force - it was strategy, patience, and perfect execution.
The bigger picture? Even with 11 audits and top-tier firms on the case, static reviews canโt stop evolving threats. Real-time security and onchain intelligence are the new standard - because the attackers are already operating at that level.
This wasnโt chaos. It was craft. And DeFi just got another harsh reminder: the smartest coder in the room might still be the one stealing your funds.... #Scamalert #Hacking #Exploits #CryptoMarketNews #MarketPullback
The Balancer exploit wasnโt your average DeFi rug - it was a months-long operation executed with surgical precision.
Onchain data shows the attacker seeded their wallet with tiny 0.1 ETH deposits from Tornado Cash, slowly building up stealth funding while avoiding any detection triggers. The address held at least 100 ETH in mixers - a move that hints this wasnโt a rookie but a seasoned exploiter, possibly linked to past hacks.
Then, when the timing was right, they struck - draining $116 million from Balancerโs V2 pools. Security analysts say the attacker bypassed access control layers to directly manipulate asset balances - not a flaw in Balancerโs core code, but in its operational governance. Thatโs next-level.
Cyvers called it โthe most sophisticated attack of 2025.โ And itโs hard to disagree. This wasnโt brute force - it was strategy, patience, and perfect execution.
The bigger picture? Even with 11 audits and top-tier firms on the case, static reviews canโt stop evolving threats. Real-time security and onchain intelligence are the new standard - because the attackers are already operating at that level.
This wasnโt chaos. It was craft. And DeFi just got another harsh reminder: the smartest coder in the room might still be the one stealing your funds.... #Scamalert #Hacking #Exploits #CryptoMarketNews #MarketPullback
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