Krutika Adani
Compared to the first quarter of 2024 (Jan-Mar), the second quarter saw a twofold rise in crypto hacks and scams.
Ethereum and BNB emerge as the top targets among blockchains, as both host many cryptocurrencies.
DMM and BTCturk account for nearly 60% of all losses among all centralized exchanges.
Bullish markets often give way to more such crimes as new users are often unaware of basic security practices.
Common practices like key safety, checking the genuineness of websites, and basic crypto security practices are enough to avoid most scams.