{"id":135651,"date":"2024-08-16T12:30:51","date_gmt":"2024-08-16T09:30:51","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=135651"},"modified":"2024-08-16T11:56:11","modified_gmt":"2024-08-16T08:56:11","slug":"ransomware-and-hacking-soar-in-2024-as-overall-crypto-crime-declines-sharply","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/ransomware-and-hacking-soar-in-2024-as-overall-crypto-crime-declines-sharply\/","title":{"rendered":"Ransomware and Hacking Soar in 2024 as Overall Crypto Crime Declines Sharply"},"content":{"rendered":"<p>According to <strong><a href=\"https:\/\/www.chainalysis.com\/blog\/2024-crypto-crime-mid-year-update-part-1\/\">Chainalysis<\/a><\/strong>\u2019 mid-year update released on August 15, illicit crypto activities have decreased by nearly 20% year-to-date, dropping from $20.9 billion to $16.7 billion by July 2024. This decline is attributed to the growth in legitimate crypto transactions, driven by positive developments such as the approval of <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/bitcoin\/\">Bitcoin<\/a><\/strong> and <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/ethereum\/\">Ethereum<\/a><\/strong> ETFs in the US.<\/p>\n<p>Despite these positive trends, Chainalysis notes a rise in two specific criminal activities: stolen funds and ransomware attacks. The total value of stolen cryptocurrency has surged to over $1.58 billion by mid-2024, marking an 84% increase compared to the same period in 2023. This rise is partly due to a significant increase in cryptocurrency prices, which has heightened the value of targeted assets.<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2024-08\/2024-08-15%2006.34.56\" \/><\/p>\n<p>The report also reveals a shift in hacker targets. After focusing on decentralized exchanges for several years, attackers are now increasingly targeting centralized exchanges again. For instance, the Japanese DMM exchange lost $305 million in Bitcoin to a hack in May 2024, which constitutes about 19% of the total stolen value this year.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/50-of-crypto-ads-on-facebook-are-scams-accc\/\" title=\"50% of Crypto Ads on Facebook Are Scams: ACCC\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/facebook-3-1-240x170.jpg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">50% of Crypto Ads on Facebook Are Scams: ACCC<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>Additionally, ransomware attacks have escalated, with July 2024 witnessing the largest recorded payment of $75 million to the Dark Angels group. This represents a 96% increase from 2023 and a 335% increase from 2022. Chainalysis notes that most ransomware payments are made in cryptocurrency, particularly Bitcoin.<\/p>\n<p>The report indicates that 2024 could become the highest-grossing year for crypto-related ransomware payments, reflecting both the growing value of digital assets and the increasing sophistication of cybercriminals.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A recent report shows a decline in overall illegal cryptocurrency transactions in 2024, but highlights an increase in certain types of crypto crime.<\/p>\n","protected":false},"author":3,"featured_media":32618,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[26],"tags":[],"class_list":["post-135651","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocrime"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO 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