New Version, Worth Being Seen! #GateAPPRefreshExperience
🎁 Gate APP has been updated to the latest version v8.0.5. Share your authentic experience on Gate Square for a chance to win Gate-exclusive Christmas gift boxes and position experience vouchers.
How to Participate:
1. Download and update the Gate APP to version v8.0.5
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Key new features and optimizations
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Your fa
July Cryptocurrency Attack Incident Review: 26 Major Security Breaches, How Did Losses Drop from 190 Million to 76 Million?
【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.