$FTM Strong Rise Despite Bad News If There Is Any Good News It Will Rise Even More
Stolen Money and Ransom Payments to Rise in 2024
According to CryptoPotato, while illicit transactions have generally declined since last year, there has been a noticeable rise in stolen money and ransomware. The amount of money stolen in crypto scams nearly doubled from $857 million to $1.58 billion by late July. Ransomware payments have also grown, with mid-2023 figures at $449.1 million compared to $459.8 million this year. This trend essentially points to the possibility of a record year for ransomware. By the end of July this year, the total value of stolen assets had surpassed $1.58 billion, an 84.4% increase compared to the same period last year, according to the latest findings from Chainalysis shared with CryptoPotato. Despite this significant increase in stolen value, the number of hacking incidents in 2024 only slightly exceeded that of 2023, with a modest 2.76% increase year-over-year. Meanwhile, the average value compromised per incident increased by 79.46%, rising from $5.9 million per incident in the first half of 2023 to 10.$6 million per event so far in 2024.