Expert Warns Web3 Community of Rising Hack Targets; Eyes are on Crypto Prices Now

• GoPlus Security has asked the Web3 community to be careful as targeted hack attacks rise.
• It has issued recommendations like frequent audits and permission rotation.
• Crypto prices continue to decline.

GoPlus Security has issued a warning to the Web3 community about the rising hack attacks. It said that the industry has been targeted 3 times in the last 2 days. GoPlus Security added that coordinated hacker groups could be behind such attacks. It has issued a few recommendations for the Web3 community to consider. Meanwhile, all eyes are on crypto prices because they have been on a constant decline since the last few days.

Warning to Web3 Community by GoPlus Security

GoPlus Security has highlighted that the Web3 community faced 3 attacks in the last 2 days. It has also noted that these attacks were more likely to be coordinated efforts of hacker groups and not just a mere coincidence of targeting projects with their users.

GoPlus Security earlier highlighted abnormal minting and dumping within the Griffin AI ecosystem. It reported that an unauthorized LayerZero Peer setup was constructed to mint 5 billion tokens on BSC. This led to a 90% drop in the value of GAIN price.

Before this, GoPlus Security informed the community about the Seedify Bridge Exploit incident. A DPRK state-affiliated group exploited the Seedify bridge and drained funds worth approximately $1.78 million. The hacker had gained unauthorized access to the mint role.

Expert Recommendations

GoPlus Security has recommended projects conduct audits frequently and rotate permissions or keys for the admin. It had earlier recommended that users not interact with the project unless they receive confirmation from official sources about the resolution. This was in addition to keeping a tab on community updates and continuously checking token approvals.

Binance Founder Changpeng Zhao had previously underlined that malicious groups were getting creative with their approaches. He said that they were posing as employees or employers to gain malicious access to the market and sensitive data. According to a report by Chainalysis, funds worth around $2.17 billion have been drained by mid-2025.

Eyes on Crypto Prices

Crypto prices have been experiencing a downtrend for the last few days. While they are attempting a recovery, incidents like these keep them on the edge, especially with the community hesitating from engaging any further. ETH noted the heaviest decline of 3.01% in the last 24 hours, taking its value to $4,031.26. BTC only plummeted by 0.41% during the same timeline, and is now being traded at $111,889.89.

The global crypto market cap has surged slightly by 0.24% and the FGI has shifted to 41 points. But, the CMC20 Index is down by 1% and price declines are heavier over the last 7 days. Nevertheless, sentiments are bullish around the future of crypto prices.

It is important to note that the contents of this article are neither recommendations nor advice for crypto trading and investment. Do thorough research and risk assessment.