🚀 Crypto Exploits Cause $49 Million in Losses in February
#CryptoExploits #BlockchainSecurity #CryptoLosses #PhishingAttacks #MaliciousWalletApproval #CryptoHacks #Scams #Nominis #NS3AI #PeckShield #Chainalysis
Blockchain analytics firm Nominis reports that crypto-related exploits resulted in approximately $49 million in losses in February, a significant decrease from the $385 million recorded in January. According to NS3.AI, attackers have increasingly focused on phishing and malicious wallet approval scams, primarily targeting individual users rather than protocols or exchanges. Separate data from PeckShield and Chainalysis suggest that while overall crypto security is improving, substantial hacks and scams continue to contribute to significant annual losses.#CryptoExploits #BlockchainSecurity #CryptoLosses #PhishingAttacks #MaliciousWalletApproval #CryptoHacks #Scams #Nominis #NS3AI #PeckShield #Chainalysis
🚀 Drift Protocol's $280 Million Exploit May Be Civil Negligence, Says Crypto Attorney
#DriftProtocol #280MillionExploit #CivilNegligence #CryptoAttorney #SecurityLapses #MaliciousLinks #RadiantCapitalHack #CryptoSecurity #NS3AI #CryptoExploits #DeveloperTrust
Crypto attorney Ariel Givner has suggested that the $280 million exploit of Drift Protocol could be considered civil negligence due to alleged lapses in basic security measures. According to NS3.AI, Givner pointed out that the team reportedly failed to maintain signing keys on separate air-gapped systems and did not exercise sufficient diligence when engaging developers met at industry conferences. Drift Protocol's update on Saturday revealed that the attackers had spent six months building trust before deploying malicious links and malware that compromised developer machines. The protocol expressed medium-high confidence that the same group was responsible for the Radiant Capital hack in October 2024.#DriftProtocol #280MillionExploit #CivilNegligence #CryptoAttorney #SecurityLapses #MaliciousLinks #RadiantCapitalHack #CryptoSecurity #NS3AI #CryptoExploits #DeveloperTrust