Crypto Hacks Drop 37%… But the Real Scam Is This! 💸

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In a twist that would make even the devil blush, the digital underworld has shifted tactics from smart contract chaos to wallet-focused mayhem and operational breaches. 🧙♂️💸 A 37% decline in losses? More like a temporary truce with the chaos gods. 🕵️♂️

According to CertiK, the numbers dropped from $803 million to $509 million-like a magician pulling a rabbit out of a hat, only to realize it was a very confused hamster. 🐇 The Q1 losses? A staggering $1.7 billion, which is roughly the GDP of a small island nation. 🏝️

Code vulnerabilities? They’ve gone from $272 million to a mere $78 million-like a vampire avoiding sunlight. Phishing? Still rampant, but at least the hackers aren’t as creative as they used to be. 🧠

September, that most notorious of months, set a new record for million-dollar incidents. 16 in one month? It’s like a horror movie where the killer keeps coming back for more. 🎬

September sets a new record for million-dollar incidents

September’s 16 million-dollar hacks? A feast for the greedy, but the year-to-date average is still lower than previous years. It’s like a diet that’s just not working. 🍕

No $100 million mega-hacks this quarter? Just mid-sized exploits. Because nothing says “I’m a serious threat” like stealing $40 million. 💸

Exchanges, DeFi and new chains in the crosshairs

Centralized exchanges? The top targets, with $182 million stolen. It’s like a bank that’s always forgetting to lock its doors. 🏦

DeFi projects? Still a magnet for hackers, thanks to their “complex nature.” Because who doesn’t want to play with a puzzle that’s 90% glue and 10% chaos? 🧩

DeFi’s $86 million loss? The GMX v1 hack was a $40 million disaster-until the hacker returned the funds for a $5 million bounty. A generous gesture, or just a very expensive lesson? 🤷♂️

“Users should exercise extreme caution when engaging with new ecosystems like Hyperliquid.”

Hacken’s warning? A classic case of “I told you so” with a side of paranoia. 🕵️♂️

Hacken CEO says double down on operational security

North Korea’s cyber units? The undisputed kings of the digital underworld. Half the losses? A testament to their “efficiency.” 🇰🇵

Operational compromises? Evolving from phishing to “multi-layered” schemes. Because nothing says “I’m a professional” like a 10-step plan to steal your money. 🧠

The 37% drop in losses? A glimmer of hope, or just a temporary reprieve? The industry’s efforts to harden codebases? A game of whack-a-mole with a very persistent mole. 🧱

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2025-10-03 13:21