Losses from crypto hacks jump to $2.2 bln in 2024, report says
blockchain analysis firm Chainalysis showed on Thursday.
The hacking amount exceeded $1 billion for the fourth straight year and the number of incidents rose to 303 from 282 in 2023, it said. Hackers had stolen $1.8 billion in 2023.
The rise in crypto heists comes as bitcoin jumped 140% this year to surpass $100,000 mark, drawing institutional participation and backing from U.S. President-elect Donald Trump.
«As the digital asset market booms, it is typical to see the illicit use of crypto grow in tandem,» Chainalysis' cybercrimes research lead Eric Jardine said.
Did you Know?
The world of cryptocurrencies is very dynamic. Prices can go up or down in a matter of seconds. Thus, having reliable answers to such questions is crucial for investors.
View Details» «Countering the proliferation of these crimes — especially fraud — will undoubtedly be a key challenge for the industry in the new year.»
Stock Trading
Stock Investing Made Easy: Beginner's Stock Market Investment Course
By — elearnmarkets, Financial Education by StockEdge
Stock Trading
A2Z of Stock Market for Beginners: Stock Market Course For Beginners
By — elearnmarkets, Financial Education by StockEdge
Stock Trading
Stock Valuation Made Easy
By — Rounak Gouti,
