Bitcoin, having proven itself as a resilient cryptocurrency, has emerged as the world's top-performing asset class in 2023, attracting significant wealth generation and further cyber threats.
The current security landscape reflects an alarming spike in crypto-related losses, with $572.7 million reported just in Q2 2024, showcasing the urgent need for enhanced protection measures.
In May 2024 alone, DMM Bitcoin lost $305 million due to a security breach, emphasizing the vulnerability of centralized platforms in the crypto space.
Year-to-date losses from crypto fraud and hacks have escalated to nearly $921 million, with hacks accounting for 98.5% of these losses, necessitating immediate security upgrades.
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