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

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

While the first quarter of 2024 seemed “relatively typical” when it comes to hacks and exploits, Ronghui Gu, 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 in Q1, losses attributed to private key compromises increased significantly compared with the first quarter of 2023.

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

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