The security of the cryptocurrency ecosystem has always been questionable. Ari Redbord of TRM labs has stated that not much fundamental changes in the security of cryptocurrency ecosystem has happened as such. Despite that, the crypto theft is soaring each year. The amount of cryptocurrency stolen in hacks has doubled in the first six months of 2024 as compared to the same time period last year. And this is a global occurence. There are some small numbers of large attacks too. There is rising crypto prices too. The block chain researchers, TRM Labs have released the data. It seems that hackers have stolen more than $1.38 billion worth of crypto by June, 2024. The number was $657 million in the same time period last year. So, it was an increase of almost one and half times more.
Do you feel concerned about the security of cryptocurrency security system if you are involved in cryptocurrency? Do you have any suggestions or caution for the users?
Do you feel concerned about the security of cryptocurrency security system if you are involved in cryptocurrency? Do you have any suggestions or caution for the users?