Crypto hack in July: Losses increase by $ 142 million-Coindcx and GMX among the main victims with $ 44 and $ 42 million.

Crypto hack in July: Losses increase by $ 142 million-Coindcx and GMX among the main victims with $ 44 and $ 42 million.

The cryptocurrency hacks in July 2023: An increase in losses by $ 27% to $ 142 million

In July 2023, the cryptocurrency industry experienced a quantitative increase to hacks, which rose the losses by $ 27% to a total of $ 142 million. The serious incidents that concerned both Coindcx and GMX were particularly remarkable.

Coindcx, a well-known crypto trading platform, reported an insider hack that led to a loss of $ 44 million. This incident raises questions about security and internal control mechanisms of crypto exchanges. Insider fraud is a growing problem in the industry and is a significant threat to the trust of users, since it is often difficult to recognize and prevent such activities.

The increase in losses illustrates the continuing challenges in the cryptocurrency landscape and the urgent need for developers and platform operators to strengthen security solutions. Users of cryptocurrencies should be aware of the risks and take suitable measures to protect their systems.

Overall, July 2023 not only illustrates the dangers of hacks and was in the crypto area, but also underlines how important it is to strengthen confidence in technology through safe and transparent practices.