Bitcoin
Losses from crypto hacks jump to $2.2 bln in 2024, report says
Funds stolen by hacking cryptocurrency platforms surged 21% from a year ago to $2.2 billion in 2024.
Funds stolen by hacking cryptocurrency platforms surged 21% from a year ago to $2.2 billion in 2024.
Cryptocurrency hackers made the claim to fame after they broke into fast-food chain McDonald’s official Instagram account. They took advantage of the hack to promote a fake digital currency, running off with $700,000 in stolen money.
The amount of cryptocurrency stolen in hacks globally more than doubled in the first six months of 2024 from a year earlier.
The U.S. securities regulator on Wednesday urged U.S. lawmakers not to adopt a bill that aims to create a new legal framework for digital currencies.
Some cryptocurrency ETF pioneers plan to sit out what is expected to be a fierce industry battle for market share.