Chainalysis, a blockchain analytics company that provides data analysis on the blockchain ecosystem, has reported that the volume of compromised crypto funds and the number of hacking incidents are set to rise in 2024.
The report states that the total amount of stolen crypto funds rose by approximately 21.07% year-over-year (YoY), reaching $2.2 billion over the period. It also reports that the number of individual cyber-attacks increased from 282 in 2023 to 303 incidents in 2024, an increase of 34 per cent.
During its report this year, Chainalysis noted that hackers also increasingly target centralized services such as cryptocurrency exchanges. In addition to Bitcoin’s 140% increase in value this year surpassing $100,000, the rise in crypto heists also coincides with the institutional support of U.S. President-elect Donald Trump.
There have been 303 hacking incidents so far in 2023, compared to 282 in 2023 and 1.8 billion dollars, but that’s only about Rs. 15,302 crores, which means hackers stole 1.8 billion dollars (roughly Rs. 15,302 crores) in 2023, according to the report.
There has been an increase in crypto heists as the value of Bitcoin reached $100,000 (roughly Rs. 85 lakh) this year, and it has drawn institutional support and backing from US President-elect Donald Trump, who has become one of the biggest supporters of the digital currency.
It is noted that DeFi still accounted for the largest share of stolen assets in the first quar
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