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Crypto Security Is Worse Than Ever | Bitcoin and Crypto News

Crypto Security Is Worse Than Ever | Bitcoin and Crypto News

Published 1 week, 1 day ago
Description

Crypto security isn’t getting safer—just less visible. While headline losses dropped 50% year-over-year, that’s mostly because last year’s record-breaking hack isn’t repeated this year. Instead, attackers are smarter, more targeted, and more destructive. Phishing stole $500M in Q1, while wallet hacks hit $800M in Q2—70% of that tied to North Korean-linked attacks on KelpDAO and Drift Protocol. These hackers, active since 2017 and now using AI, have stolen billions. US, Japan, and South Korea are now coordinating to counter them. CertiK warns attack frequency doubled in H1, with each incident causing more damage. The real fix? Strengthening private key and multi-sig wallet security—where the biggest vulnerabilities still live.

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