Latest news with #Zoth
Yahoo
01-04-2025
- Business
- Yahoo
Crypto Hacks Soar to $1.63 Billion in Q1 2025, Bybit and Phemex Among Biggest Targets
Hackers stole $1.63 billion in cryptocurrency in the first quarter of 2025, a 131% increase from Q1 2024's $706 million, according to blockchain security firms PeckShield and Immunefi. The biggest attack was on Bybit, which lost $1.46 billion, making up 92% of total losses. Phemex was also hit, with hackers stealing $69.1 million. Centralized exchanges accounted for 94% of all stolen funds, a shift from previous years when decentralized finance (DeFi) platforms were the main targets. February was the worst month, with $1.53 billion lost, mostly due to the Bybit breach. Other incidents in February included a $50 million attack on Infini, a $9.5 million hack on zkLend, and an $8.5 million exploit on Ionic. January saw $87 million in losses, significantly lower than the following month. March recorded 20 hacks, but total losses fell 97% from February, with $33.46 million stolen. The biggest attack was a $13 million exploit on on March 25, where 6,260 ETH was drained. Another major breach happened on March 21, when $8.4 million was stolen from Zoth, a real-world asset restaking protocol. The attacker converted the stolen funds into stablecoins before transferring them elsewhere. March also saw an $8.32 million attack on zkLend, continuing a trend of threats targeting DeFi lending platforms. Despite the high number of attacks, some stolen funds were returned. On March 7, a hacker who stole $5 million from decentralized exchange 1inch sent back 90% of the funds after the platform offered a 10% bounty in exchange. Binance's BNB Chain was the most targeted blockchain, recording 19 separate hacks, followed by Ethereum with 15. Analysts believe hackers are focusing on larger blockchain networks because of their high transaction volume and liquidity. Security experts have suggested that state-backed actors may have been involved in the Bybit and Phemex breaches. While no government entity has been officially linked to the attacks, the scale and sophistication of these incidents point to well-resourced groups with advanced hacking capabilities. With centralized exchanges now the primary targets of crypto hacks, the industry is under pressure to strengthen security measures. Traditional security tools are proving inadequate as attackers find new ways to bypass protections. The losses from Q1 2025 mark a historic high, raising concerns about the growing threat to digital assets.
Yahoo
17-03-2025
- Yahoo
Smithsonian Museum sets up traveling exhibit in Buffalo Gap
BUFFALO GAP, Texas () – A piece of national history has made its way to the Big Country. Buffalo Gap was chosen to be one seven rural towns to host a traveling exhibit from the Smithsonian Museum called 'Crossroads: Change in Rural America.' Buffalo Gap Chamber of Commerce Board Member Lota Zoth explains the town being chosen to host is a huge honor. For the next six weeks, Big Country residents have the opportunity to visit the exhibits free of charge at the Buffalo Gap Historic Village. 'So this exhibit is just honoring and celebrating rural history and rural towns. It's the name of the Smithsonian exhibition is called Crossroads Change in Rural America, and it's presented by the Smithsonian to try to have their wonderful museum items available to everyone,' explained Zoth. This comes as Buffalo Gap is celebrating its 150-year anniversary in 2025. Zoth shares it allows them to not only celebrate the Smithsonian exhibits but also local history. 'We have other things that are going on in the town of Buffalo Gap, a heritage auto tour where you can drive around to various spots in Buffalo Gap and have an audio tour. We also are having a lecture series where we're bringing in speakers to talk about the various themes that we are presenting over the next six weeks. It's to really shine a national spotlight on Buffalo Gap through being able to share the Smithsonian exhibit but also share our heritage,' added Zoth. To learn more about Smithsonian in the Gap visit here: Smithsonian in Buffalo Gap – Buffalo Gap, Texas Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
