According to blockchain security firm CertiK, December saw $28.6 million in losses from exploits, hacks, and scams—less than half of November’s $63.8 million and significantly below October’s $115.8 million.
According to the chargesheet, the accused revealed during interrogation that he had been approached on Telegram by a buyer offering a payment for WazirX crypto accounts with credentials.
“Today’s arrest demonstrates our commitment to holding bad actors accountable for undermining the integrity of the financial markets,” said SEC Inspector General Jeffrey.
The two largest incidents, both involving phishing attacks and unauthorized transfers, accounted for a staggering 93.5% of the total stolen funds, totaling $293.4 million.
After a period of focusing on DeFi protocols, crypto criminals are targeting centralized exchanges. These exchanges, which handle significant Bitcoin transactions, are proving to be attractive targets.
