$200 Million Worth Of Crypto Scams At The Beginning Of The Year
There is a security firm of blockchain named Immunefi, I am sharing the report of Immunefi that 200 million-plus worth of crypto tokens Were lost by the hacking in cryptocurrency and there is an increase in this by 15.4% and this is a concerning thing. hacking and scamming are increasing in the Crypto Field which is not good and it is harming the reputation of Crypto. When I talk about the beginning of 2023 there was a 173 million loss but when you see the beginning of 2024 then it is 200 million which means numbers are increased and the scam cases are increased as well. In the year 2024 February, almost 12 events happened and in these events, almost 67 million plus Crypto were lost so which shows that February month was the worst in terms of scamming the people.
A decentralized cryptocurrency exchange whose name is FixedFloat has seen the second largest theft of $26.1 million. But you know the biggest fraud/loss? The biggest loss in hacks this year was in the cyber attack on the cryptocurrency gaming platform PlayDapp, and this single event caused a loss of $32.3 million. Looking at the incidents of both hacks/frauds, it is clear that Defi (Decentralized Finance) was the biggest victim of cryptocurrency field hacks in February month, while centralized finance platforms did not see a single major attack during this month. We are opposing centralization but you can see centralized platforms can provide advanced features to protect their users however this depends on the centralized authority. What I am saying is we need balance in both because we need centralized and decentralized platforms on crypto.
Ethereum network has faced most hacks and do you know Ethereum network faced 12 attacks and this is big. Binance smart chain and bitcoin network faced 1-1 scams. We have to check data on scams and frauds in the cryptocurrency market so that we can identify the activities of scammers and take precautions according. When it comes to scams and hacks every community or every field faces this issue because five fingers are not the same there are people and every person is different from others that is why we have to deal with it instead of blaming the industry because this is not a fault of cryptocurrency technology, this is a fault of scammers who want to earn without doing efforts.
In the last year, the cryptocurrency community has faced 1.8 billion loss and it should be stopped or decreased otherwise in the future it will become a danger for cryptocurrency users because these events are increasing and users are not able to do anything they are just watching this all things however you can prevent these scams taking some precautions And we will talk about this in the detail in future but right now just stay away from the unknown persons and do not keep your crypto for the long term in centralized and especially in new exchanges instead of this use the decentralized wallet and especially the offline decentralized wallet and I think this is the safest place to save cryptocurrency.
I’m not sure that the regulation will prevent such scams but at least we are trying to prevent these scams is a necessary thing and every problem has a solution if they know how to hack then some hackers know how to prevent it so this problem has a solution but it is not going to work until we give our best to solve this issue what is your opinion in this particular information let me know in the comment section have a good day
Lucky Ali
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 | Hi I am lucky ali from gujarat, india. I am a crypto enthusiast, blogger, and SEO developer. I am always interested in learning new things and getting new experiences. You can find me on hive, twitter and discord (Lucky Ali#6343). Sharing is caring, Thank you hive family ♥ |
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It's very sad that so many people's hard-earned cryptocurrency has been hacked and stolen by hackers. so we all should do a little bit more to secure and ensure that our customers' money is safe in blockchain technology.
very well said bro. You are right.
It is sad that there are scammers and malicious people in this world, these types of actions affect the crypto world very negatively. Let's hope that better prevention and security mechanisms are created, and some legislation that imposes strong punishments on these people. Greetings.
@sagarkothari88 vote
I hope the things that you said will happen. I also want that. :)
Thank you for the support
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