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Crypto hacking thefts double to R25 billion in first half of 2024 – report | Business


Francesco Carto/Getty Images

Francesco Carto/Getty Images

The amount of cryptocurrency stolen in hacks globally more than doubled in the first six months of 2024 from a year earlier, driven by a small number of large attacks and rising crypto prices, blockchain researchers TRM Labs said on Friday.

Hackers had stolen more than $1.38 billion (R25 billion) worth of crypto by June 24, 2024, compared with $657 million in the same period in 2023, TRM Labs said in a report.

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Read More:Crypto hacking thefts double to R25 billion in first half of 2024 – report | Business

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