Crypto Thefts Double to $1.4 Billion, TRM Labs Finds

Hacks and exploits on cryptocurrency exchanges are soaring, with twice as much money being stolen in the first half of 2024 compared to the same period in 2023, according to TRM Labs.

In a new report, TRM found that hackers targeting crypto exchanges stole $1.38bn between January 1 and June 24, 2024. This is double the money made by crypto theft over the same period in 2023.

However, this remains well below the record-breaking 2022 numbers, which reached $2bn in June and amounted to almost $4bn at the end of the year.