Losses from crypto rug pulls outpaced DeFi exploits in May: Beosin

  • 📰 Cointelegraph
  • ⏱ Reading Time:
  • 41 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 51%

Coin Coin Headlines News

Coin Coin Latest News,Coin Coin Headlines

Rug pulls seemed to be the flavor of the month in May, with Beosin highlighting crypto exit scammers gained $45 million last month.

Related:“Hackers and scammers are gradually shifting the target of their attacks from various project parties to ordinary users,” Beosin wrote.

It recommended crypto users “raise their anti-fraud awareness,” undertake due diligence on a project before investing and learn how to better safeguard their crypto. Beosin also warned against using shared or public charging devices for mobile phones as these could potentially be modified to inject malicious programs that could compromise private keys.

In April, the United States Federal Bureau of Investigation issued a similar warning the use of free charging stations such as those found at airports should be avoided. Avoid using free charging stations in airports, hotels or shopping centers. Bad actors have figured out ways to use public USB ports to introduce malware and monitoring software onto devices. Carry your own charger and USB cord and use an electrical outlet instead.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Meanwhile, there were 10 attacks on decentralized finance (DeFi) protocols that netted $19.7 million. The amount is a nearly 80% decrease from April, and losses from these types of exploits had been on the decline for two months, it added.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 562. in COİN

Coin Coin Latest News, Coin Coin Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

As Multichain Wobbles, Some Fantom-Based DeFi Projects Flee Bridged TokensThe actions showcase how Multichain’s faltering infrastructure and AWOL CEO are sending shockwaves through Fantom, the blockchain most heavily dependent on Multichain’s bridges.
Source: CoinDesk - 🏆 291. / 63 Read more »