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DeepNewz, mobile.
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The crypto industry faced significant losses due to hacks and scams, with a total of $336.3 million lost in the first quarter of the year. This amount represents a 23.1% decrease from the previous year. Cyber criminals are exploiting cryptocurrency, contributing to a total of $12.5 billion lost in online scams, with over a third being crypto-related. The need for more regulations to protect consumers from crypto risks is emphasized.
Crypto losses to web3 hacks and scams declined by 23% in first quarter https://t.co/tq6ZOvfe1l
Cyber criminals are exploiting cryptocurrency to scam Americans out of billions every year. In 2023, the FBI reported $12.5 billion in losses from online scams—fueled by phony crypto schemes. We need more rules to protect consumers from crypto risks. https://t.co/nN9KZmbFns
In the first quarter of the year, the crypto industry lost $336.3 million to hacking, 23.1% less than last year https://t.co/HAabOzsZRU