Alarming Rise in Crypto Theft Revealed for 2024

Tuesday, 9 July 2024, 05:50

In the first half of 2024, crypto theft jumped to $1.38 billion, more than double the amount stolen in the previous year. Recent data from TRM Labs highlights a concerning trend in cybercrime targeting digital assets, calling for heightened security measures to safeguard investments. The surge in stolen cryptocurrencies raises significant concerns for both investors and the industry as a whole, emphasizing the urgent need for improved security protocols and regulatory oversight to combat fraudulent activities.

CNBC — Alarming Rise in Crypto Theft Revealed for 2024

Alarming Rise in Crypto Theft

In the first half of 2024, the total value of stolen cryptocurrencies surged to $1.38 billion, reflecting a substantial increase compared to the previous year.

Data Insights

TRM Labs data revealed that hackers managed to steal $1.38 billion worth of crypto from January 1 to June 24, representing a double increase from the same period in the prior year.

This alarming trend underscores the growing threat of cybercrime in the digital asset space.
Investors and industry experts are urged to enhance security measures to mitigate risks.

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.

Alarming Rise in Crypto Theft

Data Insights

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