Close Menu
Invest Intellect
    Facebook X (Twitter) Instagram
    Invest Intellect
    Facebook X (Twitter) Instagram Pinterest
    • Home
    • Commodities
    • Cryptocurrency
    • Fintech
    • Investments
    • Precious Metal
    • Property
    • Stock Market
    Invest Intellect
    Home»Cryptocurrency»Crypto theft doubles to $1.38B
    Cryptocurrency

    Crypto theft doubles to $1.38B

    July 11, 20242 Mins Read


    Dive Brief:

    • Hackers stole $1.38 billion in cryptocurrency during the first half of the year, which is about twice the amount stolen during the same period in 2023, according to a recent report from blockchain intelligence firm TRM.
    • Similar to 2023, a small number of large attacks made up the lion’s share of the thefts, with the top five hacks and exploits accounting for 70% of the total amount stolen as of June 24, according to the research.
    • “More money was stolen during each of the first six months of 2024 than in the corresponding months in 2023,” the report said. TRM said it has so far observed no fundamental changes in the security of the cryptocurrency market that may explain the trend, though it noted an increase in token prices.

    Dive Insight:

    The number of large enterprises using cryptocurrency — a digital means of exchange — for payment, stored value or collateral will rise to at least 20% this year, according to a 2022 prediction by Gartner.

    Since the creation of bitcoin in 2009, cryptocurrencies have exploded in popularity and are today collectively worth more than $1 trillion, according to an article published by the Council on Foreign Relations in January. Governments worldwide are grappling with challenges related to cryptocurrencies, including concerns over criminal activity, consumer protection and high levels of currency volatility, the report said. 

    In May, Japanese cryptocurrency exchange DMM Bitcoin suffered a theft of bitcoin worth over $300 million at the time, marking the largest cryptocurrency-related attack so far in 2024, according to TRM’s report.

    Despite the rise in stolen money for the first half of this year, relative to last year, the theft value is still a third lower than for the same six-month period in 2022, when such thefts set a annual record, the report said.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Pakistan Launches Trial of National Digital Currency

    Cryptocurrency

    Ballet Announces Over $1 Billion in Crypto Assets Secured by Its Users, as the Cryptocurrency Wallet Company Marks Its Sixth Anniversary

    Cryptocurrency

    Black Mirror cryptocurrency skyrockets then crashes after market launch

    Cryptocurrency

    X gets stay on temporary orders requiring it to reinstate account of cryptocurrency analyst – The Irish Times

    Cryptocurrency

    Pakistan Starts National Digital Currency Trial

    Cryptocurrency

    Pakistan Approves New Security Standards to Regulate Cryptocurrency by 2028

    Cryptocurrency
    Leave A Reply Cancel Reply

    Top Picks
    Cryptocurrency

    Tether freezes $29 million of cryptocurrency connected to Cambodian marketplace accused of fueling scams

    Commodities

    New NI agricultural framework ‘completely neglects’ sheep sector

    Precious Metal

    Zambia dismisses US health warning after toxic spill in Kitwe’s copper mining area

    Editors Picks

    Al Mada Ventures investit dans la fintech d’épargne communautaires Money Fellows

    May 6, 2025

    Charting India’s agricultural future: Budget 2025

    January 17, 2025

    Cap sur la politique énergétique de Trump à la grande conférence mondiale de Houston

    March 9, 2025

    Showtime: Money 20/20 Middle East puts fintech on its biggest stage yet

    September 4, 2025
    What's Hot

    Digital Currency Conference Returns to Bangkok This May

    May 5, 2025

    UBS tells investors to buy silver amid Trump tariff turmoil

    April 9, 2025

    UK house price growth slows amid property tax calls

    September 1, 2025
    Our Picks

    Orthogone Joins IoT Evolution Expo as a Silver Sponsor

    August 28, 2024

    NAU Swimming and Diving to Compete in Blue vs Gold and Meet at ASU

    October 10, 2024

    Cotswolds town at war over Labour donor’s huge Palestinian flag: Locals condemn Just Stop Oil tycoon Dale Vince’s 30ft tall banner flown from his green energy firm’s HQ

    August 18, 2025
    Weekly Top

    Dow, S&P 500 Fall; Nasdaq Composite Marks New Record; Adobe, Nvidia, Warner Bros, Oracle, Super Micro, More Movers

    September 13, 2025

    Top Safe-Haven Investments During a Crypto Market Slump

    September 13, 2025

    Bank boss moves to put brakes on debt-selling scheme in rare boost for Chancellor

    September 13, 2025
    Editor's Pick

    Vivatech : pour une fintech résolument plus inclusive – par Isabelle Le Bot et Aurélie Jean

    June 13, 2025

    From half-acre to agricultural powerhouse

    August 16, 2025

    Global One Real Estate prévoit un financement par emprunt de 6,5 milliards de yens pour refinancer des prêts

    March 26, 2025
    © 2025 Invest Intellect
    • Contact us
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.