Hacks
In more than a decade, the cryptocurrency world has grown incredibly; unfortunately, so have hackers. You might have often heard of bizarre crypto hacks, where s lost millions of dollars of crypto holdings overnight. According to Chainalysis, around $2.2 billion worth of cryptocurrency funds were siphoned in 2024 alone.
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Just last month, another DeFi protocol got drained for millions. At CryptoNewsZ, we don’t just report on hacks, we discuss them, exposing the loopholes so you can protect your assets.
Most crypto hacks happen because of simple mistakes: bad code, phishing scams, or careless security. Here are some key reasons behind these hacks:
– Reentrancy attacks
– Oracle manipulation
– Simple Social Engineering
At CryptoNewsZ, we investigate the hacks with the help of an on-chain sleuth and experts. Our team digs into each attack to find the real causes. Our investigations examine whether hacks originated in development practices, audit shortcomings, or operational loopholes.
The CryptoNewsZ team provides actionable security protocols, including guidance on revoking unnecessary smart contract permissions. As we all know, awareness alone proves insufficient; we focus on the development of practical safeguards that remain essential.
CryptoNewsZ documents major incidents and hacks, holding negligent projects able while recognizing teams that implement effective countermeasures.
