Rising Crypto Prices Drive Surge in Cryptocurrency Theft, Experts Reveal
Friday, 5 July 2024, 13:13
Rising Trends in Cryptocurrency Theft
The global incidence of cryptocurrency hacks has witnessed a sharp increase in the first half of 2024, surpassing $1.4 billion in stolen assets.
Key Findings from TRM Labs Report
- Double Increase: The theft of crypto assets more than doubled compared to the previous year, indicating a significant rise in malicious activities.
- Token Value Surge: The surge in token prices, including bitcoin, ETH, and Solana, has made such assets more attractive targets for hackers.
While no fundamental security improvements have been noted in the ecosystem, the considerable rise in token values has fueled the spike in thefts.
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.