Crypto News – Blockchain security firm CertiK reported that crypto hacks, scams, and exploits caused $2.47 billion in losses in the first half of 2025, a slight increase from 2024. A key concern is the discovery of over 40 malicious browser extensions on Mozilla Firefox’s add-on store, impersonating popular wallets like MetaMask, Coinbase, and Trust Wallet. These extensions, using cloned open-source code and fake reviews, have compromised user funds, highlighting vulnerabilities in the crypto ecosystem.
The attacks exploit trust in well-known brands, with attackers leveraging fake five-star reviews to deceive users. CertiK’s findings underscore the need for heightened vigilance, especially as real-world crypto adoption grows. Businesses now accept cryptocurrencies for diverse purchases, from real estate to travel, but security risks remain a barrier. Fox Business notes ongoing efforts to integrate crypto into mainstream finance, with platforms like Coinbase poised to benefit from increased transaction volumes.
The market’s mixed performance, with Bitcoin down 0.84% and altcoins like Quai Network and Aleo falling 2.91% and 3.04%, respectively, reflects cautious sentiment.
It highlights tokenization efforts, like Mercado Bitcoin’s RWA initiative, as a counterbalance to security concerns. Users are urged to verify wallet extensions and stay informed about market trends, with U.S. Congress’s “Crypto Week” on July 14 potentially addressing regulatory gaps.