What’s going on? Those 2 More Cryptocurrency Platforms Were Hacked!

June 22-23 was a nightmare for the cryptocurrency market. In a short period of time, 2-3 different crypto platforms were targeted with various attack methods. These attacks have once again caused crypto investors to worry about the security of their crypto assets. Here are the details…

Defiance Capital was raided

The first of the attacks was against Defiance Capital, an investment fund operating in the field of decentralized finance (DeFi). Attackers took over Defiance Capital’s official Twitter account and made a fake post announcing the platform’s DEFIANCE token launch. In the post, it was stated that tokens would be distributed to all users and a contact that could provide access to the token was added. Fortunately, the company’s founder and CEO, Arthur Cheong, quickly announced to the public that the account had been compromised and that the announcement was a hoax. Cheong warned users not to click on the contact.

Yesterday, cryptokoin.com As we reported, Türkiye-based cryptocurrency exchange BtcTurk also announced that it was subjected to a cyber attack. The attackers were able to access some hot wallets by gaining unauthorized access to the exchange platform. Balances held in 10 different cryptocurrencies stored in hot wallets were affected by the influx. BtcTurk announced that its cold wallets, that is, the wallets where the majority of its assets are stored, were not affected.

In order to address the concerns of its users, the exchange stated that they are financially strong and can cover the losses of the affected accounts. Additionally, the deposit and withdrawal processes of crypto assets have been suspended for an indefinite period as a security measure. BtcTurk later announced that they were cooperating with Binance in recovery efforts.

Security vulnerability in cryptocurrency portfolio platform CoinStats

The series of attacks did not end there. The platform called CoinStats, which allows tracking the portfolios of cryptocurrency investors, also announced that it had detected a security vulnerability. According to the statement, some wallets created within the application were affected by the attack. CoinStats warned its users to transfer their assets to a safe platform as soon as possible and export their private keys to minimize possible losses.

These events once again revealed that the cryptocurrency market still faces significant security vulnerabilities. Crypto investors need to be wary of fraudulent dealings and questionable information. Attackers can use various ways to trap investors. Therefore, it is important to get information from reliable sources and to contact the official representatives of the platforms in doubtful cases.

Finally, in the BtcTurk incident, some users claimed that the attack affected not only the wallets they created within their CoinStats application, but also wallets they connected externally, such as Trust Wallet and Coinbase Wallet. This situation reveals the possibility that the attack may have a broader scope, despite CoinStats’ statements.