TRM Labs: Exchange hacks lead to a surge in cryptocurrency theft in 2024
2024-07-06 18:45:27
According to district chain information newspaper company trm labs recent one reportdesk3cryptocurrencydesktopCrypto News
According to a recent report by blockchain intelligence firm TRM Labs, hackers stole more than twice the amount of cryptocurrency (based on the dollar value of the token) in the first half of 2024 compared to the same period in 2023. The five largest hacks so far this year accounted for 70% of the total amount stolen. Notable incidents include the theft of more than 4,500 BTC, worth more than $300 million, from Japanese exchange DMM Bitcoin in May, possibly due to stolen private keys or address poisoning. According to TRM, the most prominent attack vectors continue to be private key and seed phrase leaks, smart contract vulnerabilities, and lightning lending attacks. So far, though, the amount of cryptocurrency theft in 2024 is still well below the 2022 figure.
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