Crypto Hacks Explode: $370 Million Stolen In January Alone: Researchers
The start of this year brought a hard reminder: people remain the weakest link. Reports note that roughly $370 million in crypto Security teams and project treasuries must tighten both human and technical safeguards. More rigorous wallet controls, staged approvals, and stronger identity checks would blunt social-engineering strikes. At the same time, independent code audits and quicker response plans can limit damage from smart contract bugs. Education programs for staff and users are cheap compared with the cost of a single large loss.What Needs To Change
Related Reading
The recent spike is a clear message: attackers are mixing social skill with technical know-how. The playbook now often starts with a message in a chat app or an email, then turns into code-level theft.
Patching software helps. Teaching people how to spot scams will stop many attacks before they ever reach the code.
Featured image from Shutterstock, chart from TradingView
About Author
