Report: 32 thefts and frauds have occurred in the cryptocurrency market this year, with a total value of $2.99 ​​billion

On September 1, according to a study released by data aggregation website Crypto Head on Tuesday, cyber intrusions and fraud cases in the cryptocurrency market have surged this year. So far, 32 theft and fraud incidents have occurred, with a total case value of US$2.99 ​​billion.

According to the analysis, the number of cryptocurrency theft and fraud incidents this year is expected to break the record of 38 set in 2020, with the number of cases last year rising 40.7% from 2019.

It is reported that the average value of theft and fraud cases this year is $93.3 million. Attacks on wallets and exchanges are the most common type, with 126 occurrences in the past 10 years, surpassing attacks and frauds related to decentralized finance (DeFi) (41 each). James Page, a cryptography author at Crypto Head, wrote: "However, the number of DeFi vulnerabilities is increasing, and this new technology is more prone to potential weaknesses."