🧵 1. In the first half of 2024, hackers stole $1.38 billion in crypto, double the amount from the previous year, a report by TRM Labs revealed. #crypto
🧵 1. In the first half of 2024, hackers stole $1.38 billion in crypto, double the amount from the previous year, a report by TRM Labs revealed. #crypto
🧵 2. Top attack methods included compromising private keys and seed phrases, leading to major heists like the $300 million bitcoin theft from DMM Bitcoin.
🧵 3. Hackers used tactics like stolen private keys and address poisoning to trick victims into sending funds to wrong addresses, exploiting complex crypto addresses.
🧵 4. Despite stable attack patterns, higher crypto prices may have boosted the value of stolen assets, highlighting ongoing security risks in the industry.
🧵 5. To safeguard against hacks, TRM Labs advises crypto firms to adopt multi-layered security practices, conduct regular audits, educate employees, and establish robust incident response protocols.
🧵 Read more at: https://www.cnbc.com/2024/07/09/hackers-stole-twice-as-much-crypto-in-the-first-half-of-2024.html