On August 1, Ethereum layer 2 scaling solution Starknet warned its community of a critical security vulnerability connected with the Starknet Discord server.
Starknet Discord Server Hacked: Users Warned to Exercise Caution
It warned users not to interact with the compromised Starknet Discord server—avoid clicking on links or responding to messages until the situation gets resolved.
Such a hack of the Starknet Discord server would come with several risks, from phishing to malware infection and personal data theft. The Starknet team has warned users to be careful while working on the issue.
Crypto Breaches Bring Major Losses in July
This comes as part of a concerning trend emerging across the cryptocurrency and blockchain space, which a bit more aggressively has been targeted by cyber attacks during the past period. In 2024 only, the industry lost more than $1.19 bln due to 149 hacks and scams—up 16.3% YoY, according to a recent report from Immunefi.
While July did see a marked decline in losses compared to the same time last year—14 incidents—losses rose dramatically by 90 per cent month-over-month.
The single largest loss this month came in the form of a $235 million hack on the WazirX exchange, allegedly executed by North Korean hackers. That breach has been at the center of controversy over the exchange’s response to the incident. It was also announced in July that decentralized exchange aggregator LI.FI lost another large $10 million.
