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The latest data from threat intelligence group TRM shows that in the first half of 2024, the volume of cryptocurrency stolen through hacks and exploits doubled compared to the same period in 2023. TRM Labs researchers estimate that $1.38 billion was stolen from January 1 to June 24, 2024, up significantly from $657 million during the same period last year. The bulk of the stolen funds (70%) came from five major cyber attacks, among which the largest was the May attack on the Japanese crypto exchange DMM Bitcoin, where about 4.5 thousand bitcoins were stolen, which amounted to about $300 million at the then exchange rate. Among the most popular hacking methods, analysts identified the theft of private keys and seed phrases, as well as attacks using “poisoned addresses,” when attackers forge crypto wallet addresses to receive payments.