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SlowMist reports 80% of X comments related to phishing software

Cybersecurity company SlowMist analyzed social network X for malicious content. Scam sleuths came to the conclusion that over 80% of comments under publications of well-known projects are related to phishing software . In a report by SlowMist, scammers were found to be actively purchasing X accounts to use for scamming purposes. Users are usually sold in the Telegram messenger application, where there is an active market for this category of clients, experts claim. According to the study, attackers are typically offered a wide selection of accounts, among which there are accounts similar to the profiles of well-known crypto projects. Such a “product” may have a different number of subscribers and a long date of registration on the platform. After purchasing an account, scammers use advertising tools to increase trust on the social network. With their help, they increase the number of subscribers, likes and promote their profile on site X. Experts note that such services are off...

Ethereum suffered highest losses due to rug pulls and hacks, data shows

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As per SlowMist’s latest research report, Ethereum experienced the highest losses, amounting to $487 million, followed by Polygon. According to the SlowMist report, a total of 464 security incidents resulted in losses totaling almost $2.5 billion in 2023. The figure marks a 34.2% decrease in losses compared to 2022, which saw slightly over 300 incidents that totalled $3.8 billion. Analyzing the project types, decentralized finance (DeFi) emerged as the most frequently targeted sector, experiencing over 280 security incidents in 2023, losses that constituted 60.7% of the total incidents. Distribution and losses of security incidents in 2023 | Source: SlowMist You might also like: Major crypto hacks of 2023: how industry lost over $1b within minutes The financial toll from these incidents amounted to $773 million, representing a significant 62.7% decrease in losses year-over-year compared to 2022, which had 183 incidents with losses of around $2 billion, SlowMis...