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

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