Cybercriminals Steal $126 Million from Crypto Projects in January

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In January 2024, digital currencies worth $126 million were stolen by cybercriminals and fraudsters. A significant portion of this sum, $39 million, was taken from the decentralized finance market known as DeFi.

According to the startup Quantstamp, there has been a rise in hackers targeting smart contracts and using various techniques to gain access to cryptocurrency wallets.

The most notable attack was on the Radiant Capital protocol, resulting in the theft of 1900 ether valued at $4.5 million.

The startup also highlighted an attack on the Gamma project, which resulted in a loss of $6.18 million.