The amount of cryptocurrency stolen in cyber attacks increased significantly compared to last year and reached 2019. Almost $1.40 billion in the first six months of 2024equivalent to R$ 7.7 billion at current prices. Data released by TRM Labs this Friday (5).
According to the blockchain analysis company, More than double that recorded in the first half of 2023, when cybercriminals stole $657 million (R$3.6 billion) in digital assetsThe reasons for the difference include the conduct of large malicious campaigns and the increase in the prices of crypto assets.
The report also includes the following details: Five major hacks and vulnerabilities accounted for 70% of the $1.38 billion worth of cryptocurrency stolen by mid-2024The authors mainly exploited the compromise of private keys associated with cryptographic wallets.
One of the most effective attacks of the first half of the year was the attack on the Japanese exchange DMM Bitcoin. Around 4,500 Bitcoins worth more than $300 million (R$1.6 billion) were lost at the timeAccording to the agent, the malicious action is related to “unauthorized exfiltration.”
Rising prices attract cybercrime
According to TRM Labs, the increase in crypto thefts this year is not related to issues or flaws in the security infrastructure of the digital asset ecosystem. The main motivation would be: Increase in the average value of tokens such as Bitcoin, Ethereum and Solana.
Crypto assets are recovering after the downward trend recorded last year. Bitcoin reached a historic peak of $73.8 thousand (R$406 thousand) in MarchThis way, cybercriminals will be increasingly motivated to attack cryptocurrency wallets to steal large amounts.
The company highlights that adopting a multi-layered defense strategy with strong encryption, regular audits, secure coding practices, and measures such as multi-signature wallets strengthen protection against attacks. The report also highlights: The importance of training employees and promoting a safety culture.
Source: Tec Mundo
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