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Cryptocurrency Under Siege: $440 Million Lost in 28 Hacks During Q3 2024

Cryptocurrency Under Siege: $440 Million Lost in 28 Hacks During Q3 2024

The landscape of cryptocurrency security continues to deteriorate, as recent research indicates that hackers successfully executed 28 exploits in the third quarter of 2024, resulting in a staggering $440 million in stolen assets. This alarming trend marks a significant decline, with both the number of hacks and the recovery rate for stolen funds plummeting to a three-year low.