Billions Lost as Crypto Hackers Shift Focus Beyond Code Flaws
Share:
An Oak Security report finds attackers are shifting from exploiting smart contract code to stealing credentials, abusing weak internal controls and human error, with groups like North Korea’s Lazarus responsible for over $2.2 billion stolen from crypto platforms since 2022. Despite a surge in smart contract audits, firms face mounting pressure to improve key management, monitoring and employee security across CEXs, DEXs and DeFi protocols to mitigate insider threats and operational risk.
Predictions Markets
See what traders are focused on
- Crypto hacks are shifting away from code flaws as attackers target credentials, systems, and human errors.
- Security audits still find smart contract risks, but they cannot prevent operational failures and insider threats.
- Crypto firms face growing pressure to improve key management, monitoring, and employee security practices.
Crypto firms are spending heavily on security audits, but hackers are still making off with billions of dollars. According to a new report from Oak Security, many of the biggest attacks no longer target flaws in smart contract code. Instead, attackers are exploiting stolen credentials, weak internal controls, and operational mistakes.
Since 2022, cybercriminals, including North Korea’s Lazarus Group, have stolen more than $2.2 billion from crypto platforms. Over the same period, the industry sharply increased the number of code audits. Howeve…
Read The Full Article Billions Lost as Crypto Hackers Shift Focus Beyond Code Flaws On Coin Edition.
Predictions Markets
See what traders are focused on
Share:
Predictions Markets
See what traders are focused on
Share:
Read More
Bank of Japan may speed up rate hikes, pushing borrowing costs above 2%, ex-BOJ official warns
