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Web3 Hacks: Losses and Risks

6 Feb 2025by CryptoJazz Admin1 min read2 views
Web3 Hacks: Losses and Risks

πŸ”΄In January 2025, the Web3 industry suffered 40 hacking attacks, resulting in a total loss of $98.19 million. The main threats included smart contract vulnerabilities, account compromises, and phishing.

πŸ”΄The largest incident was the hack of the Phemex exchange on January 23, where hackers withdrew $70 million. The P2P platform NoOnes lost $7.2 million due to an attack on the Solana bridge. Malware used on January 24 led to a theft of $4.7 million. Losses for Orange Finance amounted to $830,000. Despite this, Moby managed to recover $1.47 million with the help of Seal911.

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