The value of cryptocurrencies stolen worldwide by hackers more than doubled to $1.38 billion in the first half of this year from $657 million in the same period last year. This is due to a significant increase in the price of cryptocurrencies, according to a report by analyst firm TRM Labs.
DMM Bitcoin
However, the value of stolen cryptocurrencies remained below the record level set in the first half of 2022, when hackers stole nearly $2 billion worth of cryptocurrencies, Bloomberg pointed out.
Roughly 70 percent of the total value of stolen cryptocurrencies in this year’s first half was accounted for by five major hacking attacks. The largest of these was the May attack on Japanese cryptocurrency exchange DMM Bitcoin, in which hackers obtained bitcoins worth over $300 million.
The price is rising – securing it does not
“While we haven’t seen any major changes in the security of cryptocurrency systems, we have seen significant increases in the prices of various cryptocurrencies,” said Ari Redbord of TRM Labs. This, according to him, strengthens the motivation for hackers to attack various cryptocurrency services while increasing the value of stolen cryptocurrencies.
Source: ČTK
