A new report from blockchain research firm TRM Labs has revealed a surprising rise in cryptocurrency theft, with hackers doubling their illicit earnings in the first half of 2024 compared to the same period last year. last year. Crypto criminals have stolen an incredible $1.38 billion so far this year.
CNBC reports that the cryptocurrency world has been rocked by a dramatic increase in successful hacking attempts, according to a recent report from TRM Labs. The blockchain research firm's findings reveal that between January 1 and June 24, 2024, cybercriminals managed to steal $1.38 billion worth of digital assets. This figure is more than double the amount stolen during the same time period in 2023, which stood at $657 million.
The report highlights a worrying trend in the crypto space, where a small number of large-scale attacks are responsible for the lion's share of stolen funds. In fact, the top five hacks alone accounted for 70 percent of the total amount stolen in the first half of this year. This concentration of high-value thefts underscores the sophisticated nature of these cyberattacks and the potential vulnerabilities even in well-established cryptocurrency platforms.
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