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Crypto Security Alert: Phishing Exploit Hits Major Site as H1 2025 Losses Top $2.47B, ETH Most Targeted | Flash News Detail | Blockchain.News
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7/6/2025 10:15:39 PM

Crypto Security Alert: Phishing Exploit Hits Major Site as H1 2025 Losses Top $2.47B, ETH Most Targeted

Crypto Security Alert: Phishing Exploit Hits Major Site as H1 2025 Losses Top $2.47B, ETH Most Targeted

According to @KookCapitalLLC, a major cryptocurrency media outlet's website was compromised by a front-end exploit that displayed a fake airdrop pop-up, a phishing tactic designed to drain user wallets. This incident highlights a growing security risk for traders. Concurrently, a new report from security firm Certik reveals that crypto losses from hacks and scams in the first half of 2025 have already exceeded $2.47 billion, with wallet compromises ($1.7 billion) and phishing ($410 million) being the primary attack vectors. The report specifies that the Ethereum (ETH) network suffered the most, with $1.5 billion stolen across 164 incidents, followed by Bitcoin (BTC) with $373 million in losses. Despite these significant security threats, market data shows Bitcoin (BTC) trading at approximately $109,066 and Ethereum (ETH) around $2,571, indicating market activity continues amidst heightened risks.

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Analysis

The cryptocurrency market is currently navigating a treacherous landscape where bullish price action clashes with alarming security vulnerabilities. Over the weekend, a prominent crypto media outlet confirmed its website was compromised by a front-end exploit, injecting a malicious pop-up promoting a fake airdrop. This incident, which aimed to trick users into connecting their wallets, is a stark reminder of the persistent threats facing investors. It follows a similar attack on a major crypto data aggregator just days prior, highlighting a trend of hackers leveraging trusted platforms to deploy wallet-draining scams. This escalating threat environment is quantified in a chilling new report. According to security firm CertiK, crypto investors have lost an astonishing $2.47 billion to hacks and scams in the first half of 2025 alone. This figure already surpasses the total losses for all of the previous year. The report pinpoints wallet compromises as the primary vector, accounting for $1.7 billion of the total losses, underscoring the sophistication and success of modern phishing attacks.



Market Defies Gravity Amidst Rampant Exploits



Despite the grim security backdrop, the digital asset market has displayed remarkable, almost defiant, strength. Bitcoin (BTC) is leading the charge, with the BTC/USDT pair climbing 0.803% to trade at $109,066.24. Over the past 24 hours, Bitcoin pushed to a high of $109,600, signaling strong buying pressure as it challenges the psychological $110,000 resistance level. The low of $107,837.71 suggests that dips are being bought, establishing a solid short-term support base. However, the most compelling story lies with Ethereum (ETH), the very ecosystem that, according to CertiK, has been the most targeted, with $1.5 billion stolen across 164 incidents in H1 2025. Instead of faltering, ETH is outperforming. The ETH/USDT pair surged an impressive 2.065% to $2,571.71, with trading volume hitting 152.27 ETH. This indicates robust activity and a clear appetite for Ethereum despite the known risks. The 24-hour range for ETH/USDT, from a low of $2,505.88 to a high of $2,603.59, shows a decisive break above the $2,500 support level, turning it into a new floor for traders to watch.



Ethereum's Technical Strength and Cross-Pair Performance



The resilience of Ethereum is not just visible against the dollar but is even more pronounced against Bitcoin. The ETH/BTC pair, a key indicator of altcoin market strength, rallied a significant 2.847% to a 24-hour high of 0.02384. This move suggests that capital is rotating from Bitcoin into Ethereum, with traders betting on ETH's relative upside potential. This outperformance is critical, as it often precedes a broader altcoin rally. A closer look at different Ethereum trading pairs reveals a consistent bullish trend. Against the USDC stablecoin, ETH/USDC climbed 3.045% to hit a high of $2600.12. The ETH/USD pair also showed strong gains, rising 2.580% to $2582.34. The slight price variations between USDT, USDC, and USD pairs can present arbitrage opportunities for savvy traders but broadly confirm the upward momentum above the $2,500 mark. “While the overall figures are alarming, it is important to point out that the majority of the funds lost in H1 were attributable to two concentrated, high-impact events,” stated CertiK co-founder Ronghui Gu, perhaps offering a reason why the market is able to compartmentalize these losses and focus on macro trends.



This bullish sentiment is also reflected within the broader Ethereum ecosystem. Leading altcoins paired against ETH are also posting gains. The SOL/ETH pair, for instance, is up 2.595% to 0.06800, indicating that Solana is performing well but still slightly lagging Ethereum's powerful move. Similarly, the ADA/ETH pair saw a respectable 1.838% increase. This data collectively paints a picture of a market that is, for now, completely shrugging off the systemic security risks highlighted by recent high-profile exploits. Traders seem to be focused on the macro upward trend led by Bitcoin's strength and are using Ethereum as a higher-beta play on the market's momentum. However, the danger is that this complacency could leave the market vulnerable to a sharp correction if a future exploit proves too large for investors to ignore. The prevalence of wallet drainers on supposedly safe websites serves as a crucial warning: technical price strength cannot protect against poor operational security, and traders must remain exceptionally vigilant.

kook

@KookCapitalLLC

Retired crypto hunter seeking 1000x gems through BullX strategies

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