The post Crypto Hack Weekly Report: $2.2 Billion Stolen in 2024, Centralized Exchanges Hit Hard appeared first on Coinpedia Fintech News
In the cryptocurrency space this week, there was a rise in the incidence of cybercriminal activity, that was more common and elaborate than before. Ranging from multi-million dollar breaches to sanctions on laundering operations and the size of losses point to the need for better security mechanisms.
Crypto Heists of 2024: Big Data Breaches Continues
Crypto fraud remains a significant and real problem as the industry suffers billion-dollar hacks. According to Chainanalysis, $2.2 billion was stolen in 2024, clearly a 21% increase to that of 2023. Centralized exchanges received the most losses which replaced that of the DeFi domain previously.
Again, North Korean actors were found to have stolen $1.34 billion, which is over double the total for 2023.
Wazirx Under Siege: Delisting, and Legal Battles
The troubled Indian cryptocurrency tradi
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