🤔Crypto scams in 2024: A turn for the better or calm before the storm?
🤷In January 2024 alone, cryptocurrency projects lost $127 million due to hacking and fraud – six times more than in January 2023 and three times more than last December. In the meantime, losses in the crypto industry from breaches in 2023 decreased by more than half compared to 2022. Should we expect this decline to continue – or are we on the verge of a new scam outbreak?
Factors influencing the decline of hacks:
Here are three key factors that may have contributed to reducing crypto industry losses from hacks in 2023:
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1: Enhanced security measures, including real-time transaction monitoring and anomaly detection systems.
2: Increased law enforcement efforts around the world to address cybercrime involving digital currencies.
3: Increased industry coordination, with crypto exchanges, wallet providers, and blockchain networks more actively sharing information about vulnerabilities and threats.
