Stolen crypto doubled to $1.38 billion in the first half of 2024, research firm says
undefined 10, 2024
In the first half of 2024, cryptocurrency hackers amassed $1.38 billion in loot, more than doubling last year's $657 million. Major attacks, notably the theft of over $300 million in bitcoin from DMM Bitcoin, drove this surge. Common tactics included compromising private keys and seed phrases, and exploiting address poisoning to deceive victims into sending funds to fake wallets. Despite stable security measures, higher crypto prices likely boosted the total value stolen, according to TRM Labs' report on crypto theft trends.
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