BlockTower Capital, a leading crypto investment firm, has fallen victim to a security breach in the digital asset industry, according to Bloomberg. Hackers have reportedly infiltrated and partially depleted the firm’s main hedge fund. BlockTower Capital, which manages $1.7 billion in assets, has invested in various Web3 companies, such as Dapper Labs, Sky Mavis, and Terra Labs. The stolen funds have not yet been recovered, and the culprits remain unidentified. However, the firm has enlisted the help of blockchain forensics analysts to investigate the theft. This incident follows a previous loss of nearly $1.5 million last year when hackers exploited the decentralized exchange aggregator Dexible. In 2021 alone, there were approximately 40 hacking incidents in the crypto space, resulting in around $60.2 million in financial losses. The crypto industry continues to grapple with security challenges, with over 600 major hacks reported in 2020, leading to $2.61 billion in losses, of which only $674.9 million was recovered. Investors are advised to exercise caution and conduct thorough research before engaging in high-risk investments in Bitcoin, cryptocurrency, or digital assets.