Web3 Cyber Security Company Certik said that cryptocurrency hackers are moving away from taking advantage of smart contract weaknesses and targeting users through social engineering schemes.
More than $ 2.1 billion has been stolen in the cryptocurrency-related attacks in 2025 so far, with bulk of damage from wallet agreement and fishing attacks, According to certify.
Crypto Fishing Attack There are social engineering plans where the attackers share fraud links to steal the sensitive information of the victims, such as private keys for Crypto Wallet.
The increasing number of social engineering attacks suggests that hackers are transferring the vector of the attack, which is according to the co-founder of the Cartrick Rongu Gu.
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Certik saw a change in the pattern of the attack from smart contracts and blockchain infrastructure weaknesses, which is to exploit flaws in human behavior, GU told cointeleground during chain reaction to cointeleground that daily X space show On June 2, add:
“Most of this $ 2.1 billion was due to the wallet agreement, major mismanagement and operational issues.”
Fishing scam cost The Crypto industry exceeds $ 1 billion in 296 incidents in 2024, which, according to Carter, makes them the most expensive attack vector for the industry.
Cyber security expert comments come only after a month Social engineering scheme Bitcoin’s $ 330.7 million value (BTC) An elderly American person was stolen from a wallet, reported by Cointelegraph on 30 April.
Social engineering schemes Address toxicity No hacking is required. Instead, the attackers stepped into sending property to the victims to the cheating wallet address.
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Hackers always target the weakest link
While the rise of social engineering schemes is a related signal, it may be a sign of a more strong decentralized finance (DEFI) protocol.
“Attackers always target the weakest point,” explaining the gu of Certik, adding:
“Smart contracts or blockchain codes were the weakest point in itself, but now the attackers feel that the weakest points can come from human behavior rather than the code code.”
The GU said that the industry should now invest in a simulation tool to reduce better wallet security, access control, real-time transactions and reduce future events.
Lion part of the value of theft in 2025 1.4 billion dollar bibit exchange stems from hack On 21 February, when notorious North Korean Lazarus Group Staged the biggest exploitation Crypto in history,
In that single incident, in 2024, all Crypto hacks accounts for more than 60% of the lost price, when the industry saw $ 2.3 billion theft in 760 onchane security incidents, According Annual Hack 3D Report of Certificate.
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