October Crypto Losses Hit $129M Amid Rising Security Threats

Quick Summary:

In October 2024, the crypto industry witnessed losses of $129.6 million, driven by various security incidents, including exit scams, flash loan attacks, and significant exploits.

According to CertiK, a blockchain security firm, exit scams accounted for $1.2 million, flash loan attacks led to $1.

Radiant’s investigation revealed that hackers used malware to infiltrate the devices of at least three core developers, gaining access to private keys and smart contracts.

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Article Details

Author / Journalist: Janani

Category: Crypto

Markets: United Arab EmiratesUnited States

Topics: BTC Cryptocurrency Bitcoin Latest News

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-05 @ 06:39:15 (2 weeks ago)

News Timezone: GMT +0:00

News Source URL: thenewscrypto.com

Language: English

Article Length: 323 words

Reading Time: 2 minutes read

Sentences: 24 lines

Sentence Length: 14 words per sentence (average)

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

Copyright Owner: © TheNewsCrypto

News ID: 23428760

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About TheNewsCrypto

Main Topics: Crypto

Official Website: thenewscrypto.com

Update Frequency: 32 posts per day

Year Established: 2020

Headquarters: United Arab Emirates

News Last Updated: 15 hours ago

Coverage Areas: United Arab Emirates

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Website Security: Secure (HTTPS)

Publisher ID: #125

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