No 'respite' for exploits, flash loans or exit scams in 2023: Cybersecurity firm

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No 'respite' for exploits, flash loans or exit scams in 2023: Cybersecurity firm
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Users should place a particular focus on protecting their crypto wallet private keys this year, a blockchain security firm warns.

Due to these historically high returns, CertiK noted the likelihood of “further attempts from hackers targeting bridges in 2023.”On the other hand, CertiK said there will likely be “fewer brute force attacks” on crypto wallets, given that the Profanity tool vulnerability — which has been used to attack a number of crypto wallets in the past — is now widely known.

The Profanity tool allows users to generate customized “vanity” crypto addresses. A vulnerability in the tool was used toInstead, wallet compromises this year will likely come in the form of poor user security, stating: “It's possible that funds lost to private key compromises in 2023 will be due to poor management of private keys, bar any future vulnerability found in wallet generators.”

The firm said it will also be monitoring phishing techniques that could proliferate in the new year. It noted the slew of Discord group hacks in mid-2022 that tricked participants into clicking phishing links such as the Bored Ape Yacht Club

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