Crypto enthusiasts and developers have shared some tips for users to protect themselves from scammers.
To protect funds and choose a secure exchange to set up DeFi protocol security, security sages have shared their top suggestions on how a user can protect crypto from being trapped in hacks.
The users of crypto and projects must keep their eyes on the bull market, and look for untrustworthy crypto exchanges, unsecured decentralized finance (DeFi) protocols and ever-evolving and growing phishing scams.
Hackers have launched 30 attacks, contributing to over $182.5 Million in stolen funds in January 2024, which is approximately 750% up from January 2023. Moreover, it is 80% up from December 2023. This data confirms an exponential growth in scams around the crypto industry.
In February 2024, the amount of stolen funds doubled from the previous month to $380 Million. Out of this, $380 Million, $290 Million were stolen from PlayDapp. $26 Million from FixedFloat and $9.7 Milli
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