Cryptocurrency Thefts Reach $19 Billion Since 2011

IconCryptoNewsTerminal Staff13 Jun, 2024

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Cryptocurrency Thefts Reach $19 Billion Since 2011

Cryptocurrency Theft: A Growing Security Concern Since 2011, cryptocurrency thefts have amounted to a staggering $19 billion, according to a report by blockchain security firm Crystal Intelligence. The number of incidents, encompassing scams, has reached 785. These incidents are particularly prevalent on Ethereum, where over the past two years, there have been 131 cases resulting in losses of $1.3 billion. The report underscores the escalating prevalence of cryptocurrency theft, highlighting the need for enhanced security measures.

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