Cryptocurrency thefts have more than doubled in the first half of 2024, with hackers stealing over $1.4 billion worth of crypto by June 24, according to a report by blockchain researchers TRM Labs. This significant increase is attributed to a small number of large attacks and rising crypto prices, which have motivated cybercriminals to target crypto services. The median theft was one-and-a-half times larger than the year before, with the largest loss being around $308 million worth of bitcoin stolen from Japanese crypto exchange DMM Bitcoin. This surge in crypto thefts highlights the need for cryptocurrency companies to strengthen their security measures.
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