According to Odaily, the cryptocurrency sector experienced approximately 30 hacker attacks in May this year, resulting in losses of around $574.6 million. The hackers reportedly profited by about $385 million, marking a staggering increase of approximately 666% compared to April 2024.
These figures highlight the growing security concerns in the digital currency market. The significant rise in hacker profits suggests an increase in successful attacks, indicating a need for improved security measures within the sector.
The losses incurred by these attacks have a substantial impact on the overall health of the cryptocurrency market. As such, stakeholders are urged to prioritize cybersecurity to protect their assets and maintain the integrity of the digital currency ecosystem.