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CryptoIntelligence 2024-09-01 15:40:00

Hackers Steal Over $300 Million of Crypto in August

Cryptocurrency hackers stole $313.86 million in digital assets across more than 10 cyberattacks in August, casting shadows over the security and broader acceptance of cryptocurrencies. Blockchain security firm PeckShield reported that phishing attacks were the primary method used, accounting for 93.5% of all stolen funds, amounting to $293.4 million in losses. The two largest phishing attacks of the month led to the theft of $238 million in Bitcoin and $55.4 million in Dai. Additional significant incidents included an exploit on the Ronin Network, which, despite recovering $12 million from the hacker, suffered unauthorized transactions totaling $5.1 million. The decentralized finance

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