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Cryptocurrency News Articles

Cryptocurrency Theft Soared 21% in 2024, with North Korean Threat Actors Continuing to Dominate

Dec 20, 2024 at 10:10 pm

Threat actors were able to pilfer $2.2 billion worth of cryptocurrency from more than 300 heists of cryptocurrency platforms this year

Cryptocurrency Theft Soared 21% in 2024, with North Korean Threat Actors Continuing to Dominate

Cryptocurrency platforms have lost a total of $2.2 billion to threat actors in over 300 heists so far in 2024, a 21% increase from the $1.8 billion stolen in 282 crypto theft incidents throughout 2023, according to The Record, a news site owned by cybersecurity firm Recorded Future.

While crypto platforms lost $1.5 billion in the first seven months of 2024, the frequency and scale of cryptocurrency heists decreased significantly following separate intrusions against DMM Bitcoin and WazirX, which resulted in losses of $305 million and nearly $235 million, respectively, according to a Chainalysis report. Furthermore, North Korean threat actors — who continued to lead cryptocurrency theft after stealing $1.35 billion in 47 intrusions, up from $660.5 million taken in 20 incidents last year — were seen carrying out far fewer attacks on crypto platforms following a summit in June between North Korean leader Kim Jong Un and Russian President Vladimir Putin.

News source:www.scworld.com

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Other articles published on Dec 21, 2024