Cryptocurrency Industry Experiences $385 Million In Losses Due To Hacking Attacks.

Quick Summary:

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

However, via swift security measures, Gala’s development team was able to mitigate the losses to around $22.4 million.

In total, $575 million was stolen by hackers, albeit, the bad actors made a profit of only $385 million following the Gala Games’ impressive recovery.

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Article Details

Author / Journalist: Semilore Faleti

Category: Crypto

Markets: HungaryJapan

Topics: Hackers Gala Games PeckShield Crypto News Dmm bitcoin Crypto losses

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-06-02 @ 15:00:53 (1 months ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 447 words

Reading Time: 3 minutes read

Sentences: 29 lines

Sentence Length: 16 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 21125367

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About Bitcoinist

Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 12 posts per day

Year Established: 2014

Headquarters: Hungary

News Last Updated: 9 hours ago

Coverage Areas: Hungary

Ownership: Independent Company

Publication Timezone: GMT +8:00

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News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #105

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