Starknet

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<p><strong>Key Points:</strong></p>   
<ul class="wp-block-list">
  
 <li><em>The Starknet Discord server was hacked, and users were warned to avoid its compromised Discord server and prevent phishing and data theft.</em></li>   
 <li><em>The cryptocurrency industry has faced a surge in cyberattacks, with 2024 losses surpassing $1.19 billion due to hacks and scams.</em></li> 
</ul>   
<h5 class="wp-block-heading">On August 1, Ethereum layer 2 scaling solution Starknet <a href="https://x.com/Starknet/status/1819079824851320990" target="_blank" rel="noreferrer noopener">warned</a> its community of a critical security vulnerability connected with the Starknet Discord server.</h5>   
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<p class="has-background" style="background-color:#222222">Read more:<a href="https://coincu.com/242737-revolut-paused-some-crypto-services-by-fca/" target="_blank" rel="noreferrer noopener"> </a><a href="https://coincu.com/267716-starknet-staking-expected-to-launch-mainnet-q4/" target="_blank" rel="noreferrer noopener">Starknet Staking Expected to Launch Mainnet in Q4</a></p>   
<h2 class="wp-block-heading" id="starknet-discord-server-hacked-users-warned-to-exercise-caution">Starknet Discord Server Hacked: Users Warned to Exercise Caution</h2>   
<p>It warned users not to interact with the compromised Starknet Discord server—avoid clicking on links or responding to messages until the situation gets resolved.</p>   
<p>Such a hack of the Starknet Discord server would come with several risks, from phishing to malware infection and personal data theft. The <a href="https://coincu.com/251462-starknet-2024-roadmap-faster-transactions/" target="_blank" rel="noreferrer noopener">Starknet</a> team has warned users to be careful while working on the issue.</p>   
<h2 class="wp-block-heading" id="crypto-breaches-bring-major-losses-in-july">Crypto Breaches Bring Major Losses in July</h2>   
<p>This comes as part of a concerning trend emerging across the cryptocurrency and blockchain space, which a bit more aggressively has been targeted by cyber attacks during the past period. In 2024 only, the industry lost more than $1.19 bln due to 149 hacks and scams—up 16.3% YoY, according to a recent report from Immunefi.</p>   
<p>While July saw a marked decline in losses compared to the same time last year—14 incidents—losses rose dramatically by 90 per cent month-over-month.</p>   
<p>The single largest loss this month came in the form of a $235 million hack on the <a href="https://coincu.com/269601-wazirx-withdrawal-management-poll/" target="_blank" rel="noreferrer noopener">WazirX</a> exchange, allegedly executed by <a href="https://coincu.com/268530-235-million-wazirx-exchange-exploit/" target="_blank" rel="noreferrer noopener">North Korean hackers</a>. That breach has been at the center of controversy over the exchange's response to the incident. The decentralized exchange aggregator LI.FI was also among the victims of hackers, losing $10 million.</p>   
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    <td><em><strong>DISCLAIMER</strong>:&nbsp;The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.</em></td>
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Layer 2 Starknet Discord Server Has Been Hacked, Users Are Now Being Warned

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