Phishing Incidents

OKLink Security Monthly Report: In July, the total losses across the network amounted to approximately $290 million, with losses due to private key leaks accounting for 88.31% of the total losses

ChainCatcher news, OKLink released the July 2024 security report, stating that the cumulative losses from on-chain security incidents across the network amount to approximately $290 million. Losses due to private key leaks account for 88.31% of the total losses, phishing incidents account for 3.03%, REKT incidents account for 7.33%, and RugPull incidents account for 1.31%.On July 18, the private key of the WazirX exchange's multi-signature wallet was leaked, resulting in a loss of approximately $235 million, making it the largest security incident in July. On July 16, the LiFi Protocol cross-chain bridge aggregation protocol was attacked, leading to a loss of about $10 million. The attacker exploited a vulnerability that allowed arbitrary calls to steal assets authorized by users of this contract.In addition, there were a total of 14 incidents of scams and phishing on official social media, resulting in losses of approximately $3.89 million, a decrease of 81.34% compared to June. OKLink reminds users not to disclose your private keys or mnemonic phrases to anyone, not to click on unverified links, and to learn how to use Web3 on-chain tools to mitigate risks. This is an important line of defense in protecting yourself in the Web3 world.

OKLink May Security Monthly Report: In May, the total losses across the network amounted to approximately $140 million, with losses from phishing incidents exceeding half, accounting for 60.08%

ChainCatcher news, OKLink released the May 2024 security report, which indicates that the total losses from on-chain security incidents across the network in May amount to approximately $140 million. Among these, phishing incidents account for 60.08% of the losses, REKT incidents account for 16.89%, and RugPull incidents account for 1.37%.The largest security incident this month in terms of REKT losses was the attack on Sonne Finance, resulting in losses of approximately $20 million. The reason was that the protocol added a new VELO market through voting, but the project team failed to add initial funds to the VELO market in a timely manner, allowing hackers to exploit a classic rounding issue to manipulate the collateral rate of the VELO market for profit.In addition, there were a total of 27 incidents of scams and phishing attacks on official social media, primarily concentrated on X, Discord, and various phishing websites. The losses from security incidents this month increased by 27.27% compared to the previous month. OKLink reminds users to pay attention to the protection of personal information, never disclose your private keys or mnemonic phrases, and avoid storing them simply through screenshots. Furthermore, when transferring funds, be sure to carefully verify the recipient's address, and confirm its accuracy when copying directly from transaction records or chat logs. Security awareness is the strongest shield in the Web3 world.
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