Based

2024

Security

Coin

<ul class="news-points">
 <li>SlowMist assisted in freezing $20.66 million in stolen funds across 13 platforms in Q2 2024.</li>
 <li>Private key leaks, often due to improper storage in cloud services, were a major theft cause in Q2 2024.</li>
 <li>Phishing attacks exploiting fake Twitter accounts and comments under popular tweets were prevalent in Q2 2024.</li>
</ul>
Blockchain security firm SlowMist released its <a href="https://slowmist.medium.com/slowmist-2024-q2-misttrack-stolen-funds-analysis-a95a893cf125" target="_blank" rel="noopener noreferrer nofollow">Q2 2024 analysis</a>, detailing trends in cryptocurrency theft. The firm received 467 stolen fund reports, with 146 from international sources and 321 domestic. Based solely on form submissions, SlowMist’s team provided free assessments for victims.
In Q2 2024, SlowMist’s efforts led to the freezing of approximately $20.66 million in stolen funds across 13 platforms, assisting 18 victims. The primary causes of these thefts were private key leaks and phishing attacks.
<a href="https://coinedition.com/crypto-detective-spots-suspicious-activities-from-known-scammers/" rel="noopener noreferrer nofollow">Private key leaks</a> proved a major vulnerability, with users often storing their keys or mnemonic phrases on cloud services like Google Docs and Tencent Docs, or even sharing them via messaging apps like WeChat. Hackers exploited these practices, using “credential stuffing” techniques to gain access to cloud services with leaked credentials, thus eas…
The post <a href="https://coinedition.com/crypto-security-in-2024-slowmists-q2-analysis-and-key-takeaways/" rel="noopener noreferrer nofollow">Crypto Security in 2024: SlowMist’s Q2 Analysis and Key Takeaways&nbsp;</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Crypto Security in 2024: SlowMist’s Q2 Analysis and Key Takeaways

Coin Edition

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