Hackers swipe approx US$2.5b in YTD crypto thefts
An estimated US$2.5 billion in cryptocurrency has fallen victim to scams just in the year-to-date and the average loss per crypto crime has jumped by 170 per cent year-on-year, reflecting the increasing size and sophistication of scams according to crypto wallet app, Best Wallet.
This year’s result to-date also came in $800 million more than last year’s and marks the third-highest figure on record, with the average loss per crypto crime hitting $25.6 million.
“Although tightened rules and improved blockchain tracking tools have cut the number of crypto scams, they have become bigger and more sophisticated,” the report from Best Wallet said.
“[The…
