(Adobe Stock)
Hackread reports that organizations in the cryptocurrency sector recorded more than $1.48 billion in losses from cyberattacks and rug pull operations between January and November, which is 15% lower than the same period last year.
Hack and rug pull-related losses in the crypto industry last month also declined 79% year-over-year to $71 million, all of which have been attributed to the decentralized finance sector, particularly Thala and DEXX that have lost more than $20 million each in separate attacks last month, according to an analysis from Immunefi. Additional findings revealed that most of the losses were from direct hacks, while BNB Chain became the most prevalently targeted blockchain network last month, followed by Ethereum, which had been primarily attacked by threat actors. Despite shrinking losses, cryptocurrency and blockchain organizations have been urged to be continuously vigilant of attacks as malicious actors increasingly proceed to compromise the BNB Chain.
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Founder of defunct Hydra Market subjected to life sentence
Hydra Market, which was once the largest dark web market for illicit drug sales and money laundering before being dismantled by a joint U.S. and Germany law enforcement operation more than two years ago, had its leader Stanislav Moiseyev jailed for life and given a more than $37,000 fine by Russian authorities.
Cybersecurity incident acknowledged by Signzy
Additional details were not provided by Signzy, which noted enlisting a “professional agency” to investigate the intrusion. However, PayU, which is one of its clients, disclosed the former to have been compromised with “information stealer malware” while emphasizing the security of its systems.
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