A total of $2.2bn in cryptocurrencies has been stolen this year, with North Korean hackers accounting for more than half that figure, according to a new study.
Some of the most significant incidents this year included the theft of the equivalent of $300m in bitcoin from Japanese cryptocurrency exchange, DMM Bitcoin, and the loss of nearly $235m from WazirX.
Given that centralised exchanges manage substantial amounts of user funds, the impact of a private key compromise can be devastating.
The rise in stolen crypto in 2024 underscores the need for the industry to address an increasingly complex and evolving threat landscape.
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