July Cryptocurrency Attack Incident Review: 26 Major Security Breaches, How Did Losses Drop from 190 Million to 76 Million?

Question

【BitPush】The security status of the crypto ecosystem over the past month warrants attention. According to data, approximately 26 major attack incidents occurred in July, resulting in total losses of about $76 million — this number seems large, but compared to $194.27 million in June, it has decreased by over 60%, reflecting a gradual easing of market risks.

However, several incidents still had significant impacts. Among them, two cases are particularly alarming: one wallet address was directly compromised, losing $50 million, nearly two-thirds of the total monthly losses; another multi-signature wallet suffered a loss of $27.3 million due to private key leakage. These two incidents totaled $77.3 million, far exceeding the total monthly loss, indicating that large-scale losses are concentrated on a few targeted entities.

In addition, the babur.sol project was attacked, losing $22 million; TrustWallet was hacked for $8.5 million; UnleashProtocol and flow_blockchain each suffered losses of $3.9 million. These cases reflect a phenomenon: whether it’s small wallets, large projects, or well-known wallet applications, all face various security threats — from address poisoning and private key leaks to protocol vulnerabilities. The attack methods are diverse and hard to defend against. For participants, this reminds us that while enjoying the convenience of Web3, security precautions should always be a top priority.

StrawberryIce · Accepted Answer

Wait, an address hacking directly caused a loss of 50 million? How outrageous is that, who would... Oh I need to check my wallet address

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A 60% drop sounds good, but just two incidents took the big chunk, that's the most terrifying part

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Can private keys of multi-signature wallets be leaked? I suspect these project teams don't take security seriously at all

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Babur.sol and Trust Wallet both didn't escape, it feels like hackers are especially arrogant this month

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76 million sounds like a lot, but spread across 26 incidents, it shows that big players are the real targets being precisely sniped

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If this trend continues, us small retail investors might actually be safer? Haha

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Two incidents account for a month's worth of losses, this data pattern is incredible, it feels like hackers are upgrading

WhaleInTraining · Answer

Wait, $50 million just because of address poisoning? How careless is that... Or is it that phishing really can't be fully prevented?

The private key leak is even more outrageous; multi-signature wallets can also be compromised. I need to check my wallet configuration quickly.

From June to July, things have indeed improved a lot, but hearing about these 26 incidents still feels pretty unsettling.

The losses of those two big whales account for the vast majority; it seems ordinary people are actually better off?

How did TrustWallet also get hacked? That must make many people nervous.

Blockchainiac · Answer

Losing 50 million just because of address poisoning shows how careless some can be.

The attack losses from 26 incidents are actually less, but it seems they mostly target big holders?

Address poisoning, a basic mistake, is still causing problems now, I really can't believe it.

Leak of private keys resulted in 27.3 million lost; multi-signature can't even help, no one can prevent it.

Compared to before, it's definitely better, but losing over 700,000 dollars in a single wallet still hurts.

That wave of Babur was quite tragic; the project team must regret it a lot.

TrustWallet was also exploited; these big wallets are not very secure either.

It feels like the wealthy are just paying tuition fees, while small investors have nothing worth stealing.

Two major incidents directly overshadowed the entire month; this is what you call missing out on the "wool."

Will the situation ease next month, or is this just the calm before the storm?

GateUser-9f682d4c · Answer

$50 million lost, now that's some impressive operation

Address poisoning, to put it simply, is just a small mistake, and then the account is gone. It's really quite despairing.

26 incidents sound like a lot, but upon closer inspection, two major ones took up most of the share, and the rest are barely worth mentioning.

TrustWallet also had a failure? If reliable wallets aren't safe, then what should I do...

A 60% month-over-month decrease sounds good, but it feels like as long as there are attacks, it's still a ticking time bomb.

Low-level mistakes like private key leaks are still happening, and multi-signature wallets can't save the day either.

MoonRocketman · Answer

A 60% decline looks impressive, but the data is a bit off... The losses from two major cases alone equal the total for the entire month. What does this indicate? The risk hasn't really been alleviated; it's just concentrated in a few "easy targets."

LiquidityWitch · Answer

50 million gone in one go? Oh my goodness, how careless can you be

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The address getting hacked is really unbelievable, feels unstoppable

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Fortunately, there was a month-over-month decline, or this ecosystem would really be finished

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26 attack incidents, happening every day on average? I'm scared

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Private key leak of 27.3 million... I just want to know how this guy leaked it

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Two incidents account for the majority, indicating that it's easiest to make money from wealthy people

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Babur.sol got hacked again? These project teams really should reflect on themselves

July Cryptocurrency Attack Incident Review: 26 Major Security Breaches, How Did Losses Drop from 190 Million to 76 Million?

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