Cyberattacks Increase in Cryptocurrency and NFT Sectors
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🪙💔 Cyberattacks on Cryptocurrency and NFT Industries Surge Amid Growing Threat Landscape. The cryptocurrency and NFT sectors are increasingly targeted by a range of cybercriminals, including ransomware gangs and state-sponsored groups, as the market’s volatility attracts illicit activities. In 2024 alone, over 410 incidents resulted in losses exceeding $2 billion, highlighting the sophistication of attacks. Key threats include ransomware, phishing, and smart contract exploits, with the dark web facilitating these activities through the sale of hacking tools and services. Major breaches, such as the Ronin Network hack and the FTX breach, underscore the urgent need for enhanced security measures and user awareness to protect digital assets in this evolving landscape. Organizations must adopt proactive strategies to safeguard against these persistent threats.
