crypto

Crypto theft rises to $1.4bn in first half of 2024

The value of stolen cryptocurrencies more than doubled in early 2024, driven by large attacks and rising prices
Life

15 July 2024

The value of stolen crypto currencies has more than doubled in the first six months of 2024 compared with the previous year. This is largely due to a small number of large attacks and rising cryptocurrency prices.

Hackers have stolen more than $1.38 billion (€1.26 billion) worth of crypto as of 24 June 2024, compared with $657 million (€601 million) during the same period in 2023, TRM Labs said in a report.

The recovery in exchange rates has contributed to the rise. Bitcoin reached a record high of $73,803 (€67,591) in March of this year. Since then, the rate has fallen significantly.

 

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The United Nations has accused North Korea of using cyber attacks to help fund its nuclear and missile programmes. North Korea has consistently denied those accusations.

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