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Crypto hack losses near 1.5 billion USD in 2024 as threats persist

Significant losses from hacks: The nearly 1.5 billion USD loss from cryptocurrency hacks highlights the urgent need to improve cybersecurity systems in the industry. The reduction in losses from 2023 indicates progress, but many risks remain.

Risks from cybercrime: Since June 2024, the total value of stolen cryptocurrency has exceeded 19 billion USD, showing that the industry still faces major challenges regarding security and investor trust.

Need for swift action: To restore trust in the industry, collaborative efforts among developers, auditors, and regulators are essential to create a safer and more sustainable crypto ecosystem.

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