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CertiK Reports 27 Incidents of Escalating Crypto Scams in the Past Week

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Gherardo Fiorenzo
Gherardo Fiorenzo is an Italian author with a unique perspective shaped by his experiences in Italy and the US. His thought-provoking articles, short stories, and reviews explore the intersections of language, identity, and culture.

CertiK, popular blockchain security networkHe tweeted that there have been about 27 security incidents in encryption space in the past seven days.

Security incidents in encryption

Security remains a major concern in encryption with Several major attacks have been recorded in recent months. On April 14, CertiK Alert tweeted that they had logged about 27 incidents of Security attacks in the past a week alone.

the @tweet Tweet noted that about $52.2 million had gone missing in encryption due of attacks.

based on on Tweet, the most important incident was just that of Cryptocurrency exchange network Bitrue lost about $23 million in various encryption assets. Attackers detected assets like Aether, Matic, Chip, QNT, Gala, and Hot. Only these exploits have been hacked one of Several linked wallets with Petro.

Petro confirmed the reports TwitterWe have identified a brief exploit in one of Our hot wallets on 07:18 (UTC), April 14, 2023 … We were able to quickly address this issue and prevent further exploitation of funds.”

certificate also He noted that there had been several other minor attacks. For example, CertiK has identified four major hacks and hacks on Twitter. Furthermore, CertiK highlighted that there were around 14 phishing attacks in same duration.

On April 10, CertiK reported another exploit of GDAC. Reports indicated that most of The money was stolen From the Wemix blockchain. On the same day, CertiK highlighted another exploit on Terraport_And who was breached of their liquidity portfolio.

On this same day, @tweet A fake Sui Twitter account promoting a phishing site has been reported. CertiK reported a popular EOA phishing site EOA 0xA47…aC3Ec, which managed to steal over ~$35 thousand in just for ten days.

On April 11, reports surfaced that the discord server of @tweet was hacked. others like @tweet And SyncDex Finance has it also recently experienced prominent breaches.

just recently, FTC A report came out indicating that between January 2021 and March 2022, cryptocurrency was stolen by fraudsters over $1 billion. Significant negatives included investment scams and romance scams.

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