May Madness: Crypto Industry Suffers $385 Million Loss To Hackers



In
May,
the
crypto
community
endured
devastating
losses
to
hackers,
resulting
in
the
highest
loss
tally
recorded
in
2024
to
date..
According
to
a

report
from
blockchain
security
firm
Peckshield,
hackers
made
away
with
$385
million
in
May,
highlighting
the
sophistication
of
these
bad
actors
and
the
consistent
need
for
effective
security
measures
in
the
digital
asset
industry.
–#DMMBitcoin:
$305
million
–#GALAGames:
$212
million
(hackers’…

How To Get Free Crypto  

pic.twitter.com/2n5YUaw3OQ


Crypto
Market
Overview


In
other
news,
the
cryptocurrency
market

remains
relatively
stable,
with
major
assets
experiencing
minimal
fluctuations
over
the
past
24
hours.
According
to
CoinMarketCap,
the
total
crypto
market
cap
saw
a
modest
increase
of
0.65%
on
Sunday,
reaching
$2.54
trillion.

Bitcoin,
the
market
leader,
is
currently
valued
at
$67,812,
reflecting
a
slight
gain
of
0.11%
in
the
last
day.
Similarly,
other
major
tokens
such
as
Ethereum
and
BNB
recorded
small
increases,
with
daily
gains
of
0.31%
and
0.35%,
respectively.

Total
market
cap
valued
at
$2.465
trillion
on
the
4-hour
chart
|
Source:
TOTAL
chart
on
Tradingview.com


Featured
image
from
The
Economic
Times,
chart
from
Tradingview

Go to Source
Author: Semilore Faleti


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