In 2024, cryptocurrency-related hacks have exceeded $800 million, largely because of an increase in ice phishing and wallet draining schemes. These malicious activities have become more sophisticated, targeting unsuspecting individuals and leveraging new techniques.
Reports from CertiK indicate that Q2 witnessed the highest number of these incidents, with a total of 67 reported cases. May, in particular, recorded the highest monthly occurrence of such hacks, with 25 separate incidents.
The expanding prevalence of these crypto attacks highlights significant security concerns in the digital finance sector, urging individuals and institutions alike to enhance their protective measures against phishing scams and wallet compromises.
