A Growing Concern: The Surge in Crypto Theft
The report from Chainalysis shows a dramatic increase in crypto thefts this year. In 2024, stolen funds have surged to a record $1.58 billion, a staggering 84.4% rise from the previous year’s figures. This sharp increase in thefts is largely attributed to the soaring value of cryptocurrencies, particularly Bitcoin, which has more than doubled in price from $26,141 to $60,091.·
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