forexcryptozone — Cryptocurrency platforms misplaced $2.2 billion in 2024 to hacks, up 21% from final 12 months, in accordance with Chainalysis.
That is the fourth consecutive 12 months that losses have exceeded $1 billion, with incidents growing to 303 from 282 in 2023.
The rise comes as bitcoin has soared 140% this 12 months, surpassing $100,000 and attracting institutional traders and help from US President-elect Donald Trump.
“Because the digital asset market booms, it’s typical to see the illicit use of crypto develop in tandem,” stated Eric Jardine, head of cybercrime analysis at Chainalysis.
Many of the stolen funds have been the results of personal key breaches, primarily focusing on centralized platforms. Main hacks included $305 million from Japan's DMM in Could and $235 million from India's WazirX in July.
Cryptocurrency theft linked to North Korea reached a document $1.3 billion in 2024, greater than double from final 12 months, in accordance with the report. The UN has beforehand stated cryptocurrency helps North Korea evade sanctions, a declare the nation denies.
