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Crypto scam decline meets a potential rise as market dynamics shift, posing new challenges for 2024.
Slava Demchuk 4 min read
Most of the $112 million stolen during the theft remains elsewhere.
Web3 security firm Scam Sniffer reported that these drainers stole $10 million in the past week.
Executives emphasized that Ripple's own accounts are unaffected.
The total value of assets locked on Abracadabra has tanked by more than $10 million following the incident.
According to PeckShield, 2023 saw over 600 major hacks in the crypto space that culminated in a loss of approximately $2.61 billion.
The suspicious transaction tried to move nearly half of XRP's market capitalization.
One of the prominent attackers of last month has already made a profit of over $1 million by converting stolen USDC to ETH using AllBridge.
North Korea-backed hackers have diversified their laundering strategies in response to sanctions imposed by Western authorities.
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