Hassan Shittu Last updated: August 2, 2024 at 01:58 GMT+3 | 2 min read Ethereum layer-2 scaling solution Starknet issued an urgent warning to its community on July 1 regarding a compromise of its Discord server. Starknet’s announcement urged users to avoid engaging with the server, clicking on links, or responding to messages until the issue is resolved. All Interaction Halted: Is the Problem Beyond Discord?. The breach of Starknet’s Discord server has immediate and potentially severe implications. Users who engage with compromised links or messages may fall victim to phishing scams, malware infections, or data theft. This incident is not isolated. The cryptocurrency and blockchain industry has recently seen a surge in cyber threats targeting digital assets and platforms. A recent Immunefi report showed that the crypto industry has suffered over $1.19 billion in losses due to 149 hacks and scams in 2024, a 16.3% increase from 2023. Centralized finance (CeFi) was particularly hard hit, accounting for $636 million (53.4%) of the losses from just six incidents, while decentralized finance (DeFi) saw 143 incidents, leading to $554 million (46.6%) in losses. The second quarter of 2024 saw a massive increase in CeFi losses, with a 984% rise compared to Q2 2023. July 2024 alone accounted for $269.4 million in losses from 14 incidents, with hacks being the primary cause, representing 98.9% ($266.4 million) of the total losses. The Starknet Discord compromise is not the only one. In the past few months, major celebrities have also fallen victim to account hacking, which directly caused financial theft as their accounts were used to promote fake meme coins that were pulled. Security: A Critical Point of Threat to Crypto. The cryptocurrency market’s rapid growth and high value make it an attractive target for cybercriminals. According to a report by Chainalysis, a blockchain data platform, cryptocurrency-related crimes reached an all-time high in 2021, with over $14 billion worth of digital assets stolen. In 2022, $3.7 billion was stolen. However, in 2023, stolen funds decreased by 54.3% to $1.7 billion despite an increase in individual hacking incidents from 219 to 231. In response to these growing threats, the cryptocurrency industry has enhanced security and protected users. Many blockchain projects... https://cryptonews.com/news/starknet-warns-of-discord-compromise-avoid-links-and-messages-until-further-notice.htm #crypto #bitcoin #ethereum #cryptocurrency #news #blockchain #litecoin #cryptonews #cryptonewstoday #cryptoworld #cryptoworlddaily #discord #discordnews #discordnewstoday #starknet #starknetnews #breakingbitcoin ***NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OPINION! I AM NOT AN EXPERT! I DO NOT GUARANTEE A PARTICULAR OUTCOME I HAVE NO INSIDE KNOWLEDGE! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! THIS IS JUST ENTERTAINMENT! This information is what was found publicly on the internet. This information could’ve been doctored or misrepresented by the internet. All information is meant for public awareness and is public domain. This information is not intended to slander harm or defame any of the actors involved but to show what was said through their social media accounts. Please take this information and do your own research. bitcoin, blockchain, crypto, cryptocurrency, altcoin, investment, ethereum, bitcoin crash, xrp, cardano, ripple