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Crypto Hacks Surge in 2024: $2.2 Billion Stolen by Q3, Breaking Records
The crypto industry has witnessed a surge in hacks and breaches throughout the year 2024, resulting in staggering losses of over $2.2 billion by the end of Q3, shattering previous records.
According to blockchain intelligence company TRM Labs, cybercriminals have made off with an unprecedented amount of cryptocurrency, affecting centralized exchanges, decentralized platforms, and individual accounts alike. This monumental sum surpasses last year’s record-breaking figure of $1.8 billion lost in 2023.
In a shocking turn of events, DMM Bitcoin has been a major victim of these hacks, with hackers making off with an untold amount of the cryptocurrency. Similarly, PlayDapp and Ripple have also fallen prey to these malicious attacks, leaving many users wondering about the security measures in place to protect their digital assets.
WazirX, another prominent exchange, has also been targeted by hackers, further exacerbating the growing concern regarding the safety of these platforms. The lack of transparency and accountability from some of these exchanges has only added fuel to the fire.
As the industry continues to grapple with this unprecedented scale of hacking, it is essential for users to be more vigilant than ever before. Staying informed about market trends and taking extra precautions when dealing with digital assets are crucial steps in safeguarding one’s investments.
The alarming rate at which these hacks are occurring serves as a stark reminder that the cryptocurrency space must prioritize security above all else if it wishes to maintain credibility and trust among its users.
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Source: cryptonewsland.com
