According to a report by TRM Labs, a blockchain research organization, hackers were able to double their Bitcoin haul in the first half of 2024 compared to the previous year. The report highlights that hackers swiped $1.38 billion worth of crypto between January 1 and June 24, significantly more than the $657 million stolen in the same timeframe last year. This surge in stolen crypto was largely driven by a few major heists, with the top five attacks accounting for 70% of the total amount taken.

TRM Labs identified seed phrase compromises and private keys as the primary methods used by hackers in 2024. A seed phrase, or a string of random words, is crucial for accessing or recovering…

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