In 2024, the cryptocurrency sector saw a significant uptick in crimes, ranging from ransomware attacks to kidnappings. This correlates with the rising traction of cryptocurrencies globally, posing risks to traders and investors. Highlighted incidents in France, Pakistan, Australia, and Canada underscore vulnerabilities as bad actors exploit the sector’s growth.
Notable crimes include kidnappings across various countries demanding ransom in cryptocurrencies. In 2023, ransomware activities resulted in over 1,100,000,000 USD in cryptocurrency payments to criminals. This highlights the urgent need for enhanced security measures to protect crypto traders amidst the growing adoption and spotlight on cryptocurrencies.
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