Cyber threats are not new in the crypto space. The industry has been witnessing advanced cyber security attacks since its inception and even recorded more during the 2022 crypto winter, especially in the DeFi Sector. 

According to Yahoo Finance, the cryptocurrency sector suffered a massive loss of nearly $50 billion last year due to various hacking incidents. Numerous groups have been involved in these nefarious activities, including the notorious North Korean Lazarus group and the infamous Monkey Drainer.

However, in a recent turn of events, the Monkey Drainer group has announced that they will be retiring from scamming in the cryptocurrency industry and switching their focus to another sector. Additionally, the group said that they will destroy all the devices and files they use to carry out their operations and will not return to the sector. 

In their message, Monkey Drainer advised other cybercriminals not to go after easy money and suggested that if they want to be successful, they should operate in a large group. They also recommended a new competitor called Venom Drainer to young cybercriminals who want to continue in this line of work.  

Interestingly, Venom Drainer emerged just a day before Monkey Drainer's announcement, indicating that they plan to replace them with a newer group. 

PeckShieldAlert, a company that monitors security incidents on blockchain networks, reported on Twitter that the scammers tried to hide their money by putting 200 ETH, worth $330,000, into Tornado Cash. 

However, Monkey Drainer still had 840 ETH coins worth $1.4 million left in their main wallet after the deposit. 

DeFi, short for Decentralized Finance, is a type of financial system that is built using a new technology called blockchain. This system does not rely on banks or other traditional financial institutions to work. Instead, it's decentralized and allows people to access financial services like lending, borrowing, trading, and investing without needing a middleman.  

This sector has become popular in recent years and has attracted billions of dollars in investment. It also offers people new opportunities to access financial services in a more transparent and decentralized way.  

1. Watch out for phishing attacks, where hackers pretend to be a trustworthy crypto company to trick you into giving them access to your digital assets. 

2. Be cautious of new and untested trading platforms, as some of them may be fraudulent. 

3. Be careful when using third-party software to manage your digital assets, as they can expose you to additional cybersecurity risks. 

4. Look out for crypto-malware, a type of malicious software that allows hackers to access your computer and mine cryptocurrencies without your knowledge. 

5. Keep your private key safe, as this is what you use to access your digital assets. If hackers get access to your private key, they can take your cryptocurrency without your permission. 

6. Cryptocurrencies are not regulated, which means that there is no agency in charge of their production or management. Be wary of unregulated exchanges, as they may attract hackers and scammers. 

Cryptocurrency is still a new concept, and it can be confusing even for experienced investors. Keep in mind that cryptocurrency is not as safe as traditional assets, and it comes with additional risks.