Bitrace's report highlights a staggering $52.5 billion in crypto fraud for 2024, primarily driven by stablecoin embezzlement. This surge represents a significant increase compared to losses from 2021 to 2023.
Regulatory actions have intensified, demonstrated by Tether and Circle freezing over $1.3 billion in suspicious funds, reflecting a doubling of efforts in the last three years.
CEO Isabel emphasizes the importance of understanding evolving threats to create effective prevention strategies, highlighting the ongoing collaboration among regulators, stablecoin issuers, and law enforcement to protect the crypto landscape.
Full story here: https://coincu.com/334850-bitrace-crypto-fraud-report-2024
