🚨🆘‼️Big Shocking Crypto Scam‼️🆘🚨
‼️ Attention Attention Attention ‼️
🎭🎭 Ethereum, Bitcoin & XRP Lead $1.5B Crypto Scam Losses: What's Happening?
👉🏻The first half of 2024 has seen an alarming surge in crypto scams, leading to over $1.5 billion in losses. Major cryptocurrencies like Ethereum ($ETH), Bitcoin ($BTC), and $XRP have been the most affected.
- >Total Losses: $1.5 billion from over 200 incidents.
- >Major Hacks: Ethereum, Bitcoin, and XRP lead the losses.
- >Recovery Rate: Only $319 million recovered, a mere 20% of total losses.
- >Increase in Scams: A 293% rise compared to the same period in 2023.
👨🏻💻Notable Incidents:
1. DMM Bitcoin Exchange Hack:
- >Date: June 3, 2024
- >Loss: 4,502.9 BTC worth over $300 million.
- >Impact: Exposed vulnerabilities in major exchanges.
2. UwU Lend DeFi Protocol Breach:
- >Date: June 10, 2024
- >Loss: $19.3 million.
- >Response: Offered $5 million reward for hacker’s capture.
3. Chris Larsen's Wallet Hack:
- >Date: February 3, 2024
- >Loss: 213 million XRP worth $112.5 million.
- >Action: Exchanges froze significant stolen funds, with Binance freezing $4.2 million.
4. FixedFloat Exchange Breach:
- >Date: April 2, 2024
- >Loss: Over $3 million in unauthorized transactions.
- >Previous Incident: $26 million worth of Ethereum and Bitcoin stolen earlier in the year.
📊🤔Trends and Insights:
- >DeFi Protocols: Account for 59% of total stolen value.
- >Most Targeted Chains: Ethereum and BNB Chain, each facing 31.3% of total hacks.
- >Recovery Efforts: Collaborative actions by multiple exchanges have been partially effective in mitigating losses.
🕵🏼♂️ As scams increase, the community must remain vigilant and proactive in protecting digital assets.
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