Crypto phishing attacks reached ‘alarming levels’ — CertiK co-founder

CertiK co-founder Ronghui Gu urged the community to “proactively prepare” for cyberattacks as the crypto market grows.

While the first quarter of 2024 seems “relatively typical” when it comes to hacks and exploits, Ronghui Gu, the co-founder of blockchain security firm CertiK, said the complexity of private key compromises and phishing attacks raises concerns.

Gu told Cointelegraph that among the incidents this quarter, losses attributed to private key compromises had increased significantly compared to the first quarter of 2023.

In its quarterly security report titled Hack3d, CertiK highlighted that losses from this attack reached $239 million there being only 26 incidents.

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