You are here: Home / News / Crypto Loses Over $313 Million in August Hacks, Raising Security Concerns Cryptocurrеncy invеstors аrе fаcing а growing thrеаt аs hаckеrs continuе to еxploit vulnеrаbilitiеs in thе digitаl аssеt еcosystеm. A rеcеnt rеport by blockchаin sеcurity firm PеckShiеld rеvеаlеd а concеrning trеnd – ovеr $313 million in digitаl аssеts
Tag: Crypto
August 2024 Crypto Security Report: Over $300 Million Lost to Exploits, Hacks, and Scams
The month of August 2024 has seen many misfortunes with regard to the crypto space, which saw a rise in crypto loss of approximately $300.6 million to hackers, fraudsters, and other sorts of swindlers. Certik Alerts has reported this as the second-highest monthly loss for the year 2024 after a month which was laden with
Crypto Trader Strikes Gold, Turns $10 Into $150,000 in 3 Minutes With These Unexpected Altcoins
An extraordinary trading triumph has captured attention as a savvy investor transformed a modest $10 investment into a jaw-dropping $150,000 in just three minutes. This rapid success involved a surprising choice of altcoins. Discover which hidden gems fueled this swift ascent and explore potential coins poised for future growth in the ever-evolving crypto market. BLASTUP
2024 Crypto Hack Income Tops $1.5 Billion
By Philip Maina 22 hours agoSat Aug 31 2024 10:00:41 Reading Time: 2 minutes Crypto hackers have stolen around $1.5 billion so far in 2024 The funds came from 154 exploits The amount is 15% higher than what was stolen within the same period in 2023 Crypto hackers aren’t relenting in their quest to steal
This TOP10 Crypto Exchange’s Revenue Collapsed by Over 70% in One Year
After a record-breaking 2021, one of Europe’s oldest cryptocurrency exchanges experienced two consecutive years of significant unprofitability. The British branch of Luxembourg-based Bitstamp recently published its 2023 results, showing a revenue decline to just under €8 million and a net loss of €19.7 million. Bitstamp Endures Challenging Two Years of Crypto Winter Bitstamp Limited, registered
Crypto ATMs Process $160M in Illicit Funds Since 2019, Says TRM Labs
In a concerning trend, TRM Labs found that illicit activity at crypto ATMs is significantly higher than in the broader crypto industry. This has prompted law enforcement and regulators across the world to leverage blockchain intelligence to investigate fraud and financial crime involving these machines. Increasing Illicit Activity at Crypto ATMs According to the latest