2024

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/hackers-target-crypto-wallets-in-2024" data-wpel-link="internal" rel="noopener noreferrer nofollow">Hackers Target Crypto Wallets in 2024</a><br></p>
<p style="text-align: justify">Hackers are gearing up for a more prosperous year in 2024, surpassing their achievements from 2023. The first quarter of 2024 already saw a spike in crypto thefts, with hackers making off with $542.7 million in digital assets—a 42% increase compared to the same period last year.</p>
<h2 id="why-are-hackers-shifting-their-focus">Why Are Hackers Shifting Their Focus?</h2>
<p style="text-align: justify">According to Mriganka Pattnaik, co-founder and CEO of Merkle Science, hackers are continually adapting their tactics to find easier targets. While vulnerabilities in smart contracts were a major concern, areas like private key leaks are becoming more frequent targets.</p>
<p style="text-align: justify">Phishing attacks are a significant method used by hackers to steal sensitive information, such as the private keys of crypto wallets. Some scams, known as address poisoning, trick <a href="https://finance.coin-turk.com/" rel="noopener noreferrer nofollow" target="_blank" data-wpel-link="exclude">investors</a> into sending funds to fraudulent addresses that look similar to legitimate ones.</p>
<h2 id="what-are-the-implications-of-recent-phishing-attacks">What Are the Implications of Recent Phishing Attacks?</h2>
<p style="text-align: justify">In May, an investor lost $71 million in the year’s most high-profile phishing attack. Interestingly, after the attack drew attention from blockchain investigation firms, the thief returned the funds a week later. This incident underscores the importance of <a href="https://newslinker.co/category/cybersecurity/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="exclude">cybersecurity</a> in the crypto space.</p>
<p style="text-align: justify">Despite a 92% drop in funds lost to smart contract vulnerabilities, private key leaks have surged, now causing the most significant financial losses. Merkle Science’s Hackhub report highlights that over 55% of hacked crypto assets in 2023 were due to private key leaks.</p>
<h2 id="actionable-insights-for-investors">Actionable Insights for Investors</h2>
<ul>
 <li>Store private keys securely and avoid sharing them.</li>
 <li>Be cautious of phishing attempts and verify addresses before transactions.</li>
 <li>Use reputable cybersecurity solutions to safeguard digital assets.</li>
</ul>
<p style="text-align: justify">The rise in sophisticated hacking methods calls for heightened vigilance from crypto investors. By implementing robust security practices, individuals can better protect their assets from cyber threats.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/hackers-target-crypto-wallets-in-2024" data-wpel-link="internal" rel="noopener noreferrer nofollow">Hackers Target Crypto Wallets in 2024</a></h5>

Hackers Target Crypto Wallets in 2024

Table of Contents

BH NEWS

Other articles published on Jun 7, 2024

Bernstein Commented on One of the Most Important Cryptocurrency Events of Recent Days: What Will ...

Bitcoin Open Interest Hits New All-Time High

Uproar in California tech sector over proposed AI bill

Enormous Bitcoin Whale Adds $1 Billion in BTC Every Day: Who Is It?

MoonBag Crypto Rides the Chariot of Success, Leaving Theta & Kangamoon in the Dust

Ripple Executive Rips Apart SEC Over Waste of Taxpayers’ Dollars

Join our free newsletter for daily crypto updates!