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Cryptocurrency hacks and fraud escalated in the second quarter of 2024. Losses nearly doubled compared to the same period last year. Immunefi, a crypto bug bounty platform, reported $509 million in losses. This marks a 91% increase from Q2 2023. May 2024 saw record-breaking losses of $107 million. J

BtcTurk, a leading Turkish cryptocurrency exchange, has fallen victim to a cyber attack. The incident resulted in unauthorized access to some of its hot wallets. The exchange reports asset losses for some users. But the overall financial stability remains intact, the BtcTurk officials claim. The hac