According to PANews, a report by blockchain intelligence firm TRM reveals that the amount of cryptocurrency stolen through hackers and network vulnerabilities more than doubled in the first half of this year, reaching $1.38 billion. Five major attacks accounted for 70% of the stolen cryptocurrency. Despite this increase, the amount stolen in the first half of this year is still less than the nearly $2 billion stolen in the first half of 2022, which was a record year for cryptocurrency theft.
TRM stated that hackers primarily steal cryptocurrency by obtaining private keys and seed codes, types of encrypted strings. The largest attack this year occurred at the Japanese exchange DMM Bitcoin, where over $300 million worth of Bitcoin was stolen, exceeding 4500 tokens. The cause of the attack has not yet been determined.