CoinDesk Report:
IT Home, July 7 – According to a report released Friday by blockchain research firm TRM Labs, global cryptocurrency thefts surged in the first half of 2024, more than doubling compared to the same period last year. This increase is primarily attributed to a few large-scale hacking incidents and the rise in cryptocurrency prices.
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The report indicates that as of June 24, 2024, hackers have stolen cryptocurrency worth over $1.38 billion this year, compared to $657 million during the same period in 2023. Additionally, the average amount stolen per incident this year is 50% higher than last year’s figures.
One of the largest cryptocurrency thefts so far this year occurred at the Japanese cryptocurrency exchange DMM Bitcoin, where an “unauthorized disclosure” incident resulted in the loss of approximately $308 million worth of bitcoins.
Cryptocurrency companies are frequent targets of hacking and cyberattacks, though such massive loss events are not common.
