Cryptocurrency Security Sees Significant Improvement with 20% Decrease in Losses from Hacks and Rug Pulls in 2024

Friday, 31 May 2024, 14:20

In 2024, the cryptocurrency market witnessed a promising 20% decrease in losses attributed to hacks and rug pulls. Notably, May reported $52.37 million in losses, with Ethereum and BNB Chain being the primary targets. This decline reflects a positive trend towards enhanced security measures within the crypto space.
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Cryptocurrency Security Sees Significant Improvement with 20% Decrease in Losses from Hacks and Rug Pulls in 2024

Cryptocurrency Security Improvements in 2024

In a positive development for the cryptocurrency market, losses from hacks and rug pulls experienced a notable 20% decrease in 2024. This progress signifies a growing focus on enhancing security measures to protect investors and digital assets. The month of May alone saw $52.37 million in losses, with Ethereum and BNB Chain emerging as the most targeted cryptocurrencies.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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