Crypto Security: A Wake-Up Call in July and How Best Wallet Stays Ahead

This yr, the crypto world has been shaken by losses exceeding $3.2 billion – a figure that is already outpaced the whole lot of 2024, with five months still left on the calendar. And in case you thought hackers might take a break for summer, reassess. July alone saw 17 different attacks siphoning off over $142 million from exchanges and platforms, marking a 27% increase from June.

Rethinking Security: When People Become the Target

It seems the sport has modified. Hackers are moving away from exploiting buggy code and leaning into more covert methods—exploiting human vulnerabilities and breaching systems quietly. This shift is why many investors are actually turning to solutions like Best Wallet. With its enterprise-level security that is still user-friendly, it’s becoming a preferred alternative for the cautious crypto enthusiast.

July’s Surge in Crypto Hacks

July served as a stark reminder of the fragility of crypto security. Take CoinDCX as an example, which suffered a $44 million loss because of a straightforward but effective trick: fake recruiters duping a software engineer into installing malware. Although customer accounts were untouched, the attackers gained access to an operational wallet, causing significant damage.

WOO X wasn’t spared either, losing $14 million through a compromised worker computer, while BigONE saw a $27 million hit because of backend vulnerabilities. These aren’t zero-day exploits we’re talking about; they’re classic cases of attackers preying on the human element—the perpetual Achilles’ heel in any security setup.

A Changing Playbook for Hackers

According to PeckShield, July’s hacks totaled $142 million, with CoinDCX’s $44.2M breach topping the list. The approach has shifted—phishing, social engineering, and backend breaches are the brand new norm. After the foremost hacks earlier in 2025, like those at Bybit and Cetus, July’s incidents set a brand new normal—frequent, varied attacks showing that crypto’s security hurdles are outpacing many platforms’ defenses.

The clear takeaway? Wallets and exchanges must evolve more rapidly than the threats facing them. If not, they risk becoming just one other statistic.

Best Wallet’s Pledge to Security: WalletConnect Certification

Security isn’t any longer optional—it’s essential. This is why Best Wallet’s WalletConnect Certification is such an enormous deal. It meets the identical stringent standards as well-known names like MetaMask and Trust Wallet. The platform shows that it’s possible to marry robust security with ease of use—something that is surprisingly rare.

This certification is critical for each seasoned investors and newbies. As tokenized assets and stablecoins gain popularity, wallets must defend against phishing and backend attacks without sacrificing simplicity. Best Wallet achieves this through features like biometric locks, hardware integration, and real-time threat monitoring.

WalletConnect certification for Best Wallet

Best Wallet’s inclusion in WalletConnect’s “WalletGuide” highlights its reliability. Whether you are into meme coins or managing Real-World Assets (RWAs), this wallet actively safeguards your investments.

Beyond Security: Exploring Best Wallet’s Features

Best Wallet is greater than only a secure haven on your crypto—it is a comprehensive hub for all things Web3. Imagine a single app that allows you to manage multiple blockchains and hundreds of tokens. You can purchase, stake, and even make quick swaps through its integrated DEX, eliminating the necessity to juggle multiple platforms simply to make a trade.

But wait, there’s more. The “Upcoming Tokens” launchpad gives users access to vetted presales before they hit the market. Past projects highlighted include Solaxy, Catslap, and Crypto All-Stars.

Breakdown of Best Wallet’s key features

Looking to convert your crypto into money? Best Wallet makes it easy with options like GBP conversions through debit cards, PayPal, or Apple Pay, offering a streamlined alternative to traditional exchanges.

Moreover, holding the native $BEST token turns your wallet right into a rewards machine. From staking yields and presale whitelist spots to fee discounts and eight% cashback with the forthcoming debit card, Best Wallet doesn’t just store your crypto—it helps it grow.

Note: This article is sponsored. Opinions expressed are solely those of the sponsor, and readers should perform their very own due diligence before taking any motion based on the knowledge presented here.

Image Credit: bravenewcoin.com