The warning says compromised device networks are targeting essential systems, including financial infrastructure that supports crypto activity, as digital asset losses from cyber incidents exceeded $2 billion in 2024.
Fifteen cyber agencies warned that China-linked botnets are targeting critical infrastructure, including financial systems that support cryptocurrency activity. The alert says these covert botnets consist of more than 200,000 compromised devices, creating potential risks for blockchain networks, exchanges, and related financial services. The warning comes against a backdrop of more than $2 billion in digital asset losses from cyber activity in 2024, highlighting how attacks on supporting infrastructure can affect the broader crypto market even when blockchain protocols themselves are not directly breached.