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rising threats in crypto security driven by ai and quantum computing

In 2024, losses from crypto scams and hacks surged by 21%, totaling $2.2 billion across 303 incidents, with centralized services and private key compromises being primary targets. Notable exploits included the $305 million DMM hack and a $235 million breach of WazirX. As AI-driven attacks rise, experts stress the need for enhanced security measures and regulatory oversight to combat evolving threats.

hardware wallet user loses 10 bitcoin in phishing attack linked to past breach

A hardware wallet user reported a loss of 10 BTC, valued at approximately $100,226, linked to a phishing attack. The user, known as "Anchor Drops," also lost $1.5 million in NFTs, with experts suggesting that a phishing transaction from 2022 may have allowed a hacker to drain the wallet after years of dormancy. Ledger emphasized the importance of user vigilance and understanding wallet interactions to prevent such incidents.

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