Crypto hacking thefts double to $1.4 bln in first half, say researchers
blockchain researchers TRM Labs said on Friday.
Hackers had stolen more than $1.38 billion worth of crypto by June 24, 2024, compared with $657 million in the same period in 2023, TRM Labs said in a report.
The median theft was one-and-a-half times larger than the year before, the report said.
«While we have not seen any fundamental changes in the security of the cryptocurrency ecosystem, we have seen a significant increase in the value of various tokens — from bitcoin to ETH (ether) and Solana — compared to the same time last year,» said Ari Redbord, global head of policy at TRM Labs.
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View Details» This means that cybercriminals are more motivated to attack crypto services, and can steal more when they do, Redbord said.
Crypto prices have generally recovered from the lows hit in late 2022 in the aftermath of the collapse of Sam Bankman-Fried's crypto exchange, FTX. Bitcoin hit an all-time high of $73,803.25 in March this year.
Among the largest crypto losses so far this year was the roughly $308 million worth of bitcoin stolen from Japanese
