In 2024, funds stolen from cryptocurrency platforms surged 21% year-over-year to $2.2 billion, with a total of 303 hacking incidents reported, up from 282 in 2023. This trend coincides with a significant increase in Bitcoin’s value, which rose 140% to surpass $100,000.
Centralized platforms became the primary targets for hackers, marking a shift from previous years when decentralized finance (DeFi) platforms were favored.
Notable hacks included over $305 million stolen from Japan’s DMM Bitcoin and $235 million from India’s WazirX. Additionally, hacking linked to North Korea reached a record $1.34 billion, illustrating the country’s continued use of cybercrime to evade sanctions.
Experts emphasize that addressing the rise in crypto-related fraud will be a major challenge for the industry moving forward. […]
— Read More: valuetainment.com
It’s becoming increasingly clear that fiat currencies across the globe, including the U.S. Dollar, are under attack. Paper money is losing its value, translating into insane inflation and less value in our life’s savings.
Genesis Gold Group believes physical precious metals are an amazing option for those seeking to move their wealth or retirement to higher ground. Whether Central Bank Digital Currencies replace current fiat currencies or not, precious metals are poised to retain or even increase in value. This is why central banks and mega-asset managers like BlackRock are moving much of their holdings to precious metals.
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