Crypto Theft Surge: $1.38B Stolen in First Half of 2024 🚨

Blockchain firm TRM Labs reports nearly double the crypto-related thefts in early 2024, totaling $1.38 billion—highlighting rising security risks in the crypto space.

Crypto Theft Surge: $1.38B Stolen in First Half of 2024 🚨
Benzinga
2.2K views • Jul 9, 2024
Crypto Theft Surge: $1.38B Stolen in First Half of 2024 🚨

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In a recent revelation by blockchain research firm TRM Labs, cryptocurrency thefts have seen a drastic increase in the first half of 2024, amounting to a whopping $1.38 billion. The volume of stolen cryptocurrency, such as Bitcoin, Ethereum and Dogecoin, in the first half of 2024 has doubled in comparison to the same period in 2023, CNBC reported on Tuesday. The report by TRM Labs disclosed that hackers made away with $1.38 billion worth of crypto from Jan. 1 to June 24, marking a significant rise from the $657 million stolen during the same timeframe a year ago.

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