Crypto Chaos: $500 Million Gone with the Wallet Drainers!
In a heist that would make even Ocean’s Eleven blush, wallet drainer malware swiped nearly $500 million in cryptocurrency from over 332,000 victims in 2024. Scam Sniffer reports a 67% increase in losses, with the largest single theft hitting $55.48 million. Talk about a bad day at the digital bank!
Hot Take:
Looks like the crypto world is playing its own version of ‘Squid Game,’ with wallet drainer malware as the ultimate game master! Nearly half a billion dollars was swiped faster than you can say ‘blockchain,’ and the only thing more draining than the malware is our collective trust in digital currencies. Someone tell Bitcoin, it’s not you, it’s them (the hackers).
Key Points:
- Wallet drainer malware stole nearly $500 million in cryptocurrency from over 332,000 victims in 2024.
- The largest single theft reached $55.48 million, with a 67% increase in losses compared to the previous year.
- Most attacks occurred in Q1 2024, causing $187.2 million in losses from 175,000 victims.
- Only 30 incidents resulted in over $1 million losses, totaling $171 million.
- The US blamed North Korean hackers for a $308 million Bitcoin theft in December.
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