Tag: Crypto Scams
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Crypto Scams and Hacks Surge to Over $3 Billion in 2024
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The cryptocurrency industry suffered significant setbacks in 2024 as losses from hacks and scams surged to $3.01 billion, marking a 15% increase from the $2.61 billion recorded in 2023, according to data from blockchain forensic firm PeckShield. Decentralized finance (DeFi) protocols remained the primary targets, while security vulnerabilities in both DeFi and centralized platforms were…