Fake Crypto Warning Issued

The show’s site warned of fraudulent memecoins using its branding: “We support Bitcoin and no other memecoin.”

You Might Be Interested In: Elon Musk Talks About the Name of a New Memecoin!

After documentaries like Trust No One and the upcoming The Altruists (about SBF and Caroline Ellison), Netflix expands its crypto-themed content.

Are Crypto Influencers Being Targeted?

Streamer Amouranth revealed her home was invaded after sharing her $20M BTC holdings. Similar crypto-related attacks have surged in 2025.

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Crypto Attacks in Q1 2025: Bybit Breach in the Spotlight

Blockchain security firm PeckShield reported that over $1.63 billion in cryptocurrency was stolen in the first quarter of 2025, with the majority of the losses attributed to the Bybit breach. In January, $87 million worth of cryptocurrency was lost, while attacks surged in February, reaching $1.53 billion. This significant increase was largely tied to the Bybit attack, which became one of the largest crypto thefts to date.

In addition to the Bybit breach, other attacks in February also contributed to the losses, including a $50 million attack on the Infini protocol, a $9.5 million hack on zkLend, and $8.5 million in losses from Ionic.

Hack incidents decreased significantly in March, with a 97% drop in losses. PeckShield reported that only $33 million worth of crypto assets were stolen in March, and some funds were recovered, partially offsetting the damage to users and protocols.

Over 60 Crypto Attacks in Q1

According to PeckShield, over 60 crypto attacks occurred in the first quarter of 2025, resulting in $1.63 billion in losses, a 131% increase compared to the same period in 2024. The largest attack in March was a $13 million exploit targeting the Abracadabra.Money DeFi protocol. Additionally, an $8.4 million attack on the Zoth RWA restaking protocol gained attention.

In March, total losses decreased by 97% to $33 million, with some assets being returned. For example, 90% of the $5 million stolen from the 1inch exchange was returned by the hacker.

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What Happened in August?

Among the most significant incidents in August were two major phishing attacks that resulted in the theft of $238 million in Bitcoin and $55.4 million in Dai. Other notable losses included a breach of the Ronin Network, where hackers managed to siphon off $12 million, although $5.1 million in unauthorized transactions were recovered. Additionally, the decentralized finance protocol Nexera suffered a loss of $1.83 million due to a smart contract vulnerability.

A report published by Immunefi on August 29 revealed that the cryptocurrency industry has seen $1.21 billion in digital assets lost to hacks and rug pulls since the beginning of 2024.

In July, India’s WazirX cryptocurrency exchange fell victim to one of the largest cyberattacks of 2024, losing $234.9 million from one of its multi-signature wallets. The exchange is currently in the process of implementing a phased plan to restore its financial operations, which includes pursuing legal actions in Singapore as part of its restructuring efforts.

To protect the crypto industry from the financial losses caused by hacks, a team of ethical hackers has been assembled to strengthen defenses and prevent breaches. This elite anti-hack response unit, known as the Security Alliance (SEAL), is led by white-hat hacker Samczsun and has handled over 900 reports related to hacking incidents since its inception in August 2023.

According to an Immunefi report dated August 22, approximately 80% of cryptocurrencies never recover their value after a hack or exploit, with the resulting depreciation often causing more harm to projects than the exploit itself.

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