Research Company Says H1 Of 2024 Saw Crypto Heists Double To $1.38B

11/22/2024 4:07:48 AM

(MENAFN- Investor Brand Network) According to a report by TRM Labs, a blockchain research organization,
hackers were able to double their bitcoin haul
in the first half of 2024 compared to the previous year. The report highlights that hackers swiped $1.38 billion worth of crypto between January 1 and June 24, significantly more than the $657 million stolen in the same timeframe last year. This surge in stolen crypto was largely driven by a few major heists, with the top five attacks accounting for 70% of the total amount taken.

TRM Labs identified seed phrase compromises and private keys as the primary methods used by hackers in 2024. A seed phrase, or a string of random words, is crucial for accessing or recovering...

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