Hackers stole $1.38 billion worth of cryptocurrency in the first half of 2024

July 8, 2024  10:12

In the first half of 2024, hackers used various means to steal $1.38 billion worth of cryptocurrency, double the amount compared to the same period last year, Bloomberg reported, citing data from TRM, a blockchain analytics firm.

About 70% of all cryptocurrencies stolen by cybercriminals came from the top five attacks. As in previous years, a significant portion of all funds were stolen in a small number of major incidents.

The most common methods of digital asset theft were found to be unauthorized access to private keys and mnemonic seed phrases that provide access to a crypto wallet. The biggest attack this year was carried out on the Japanese DMM Bitcoin crypto exchange ֏ the incident stole more than 4500 tokens worth more than 300 million dollars. The details of this attack are still unknown.

Meanwhile, the amount of digital assets stolen this year was less than the record $2 billion stolen in the first six months of 2022. 2024 was also significant in terms of record prices for cryptocurrencies: the last time such a thing was observed in the second half of 2021. According to analysts, high prices contribute to the increase in the volume of cryptocurrency theft.

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