Impact of $1.38 Billion Crypto Embezzlement and Market Rebound on Security and Recovery
Friday, 5 July 2024, 15:11
Cryptocurrency Theft Surge in 2024
An alarming $1.38 billion in cryptocurrency was embezzled by hackers by June 24, 2024, compared to $657 million in 2023.
Drivers of Increase
- Market Rebound: Rising crypto prices incentivized theft.
- Large-Scale Attacks: A few major breaches contributed to the spike.
- Size Growth: Median theft size increased by 1.5 times.
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.