{"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":"

According to 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 Bitcoin<\/a><\/strong> and Ethereum<\/a><\/strong> ETFs in the US.<\/p>\n

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

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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