QoD: What is the value of cryptocurrency stolen each day on average? (2024)

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QoD: What is the value of cryptocurrency stolen each day on average? ›

Question of the Day: What is the value of cryptocurrency stolen each day on average? Answer: Over $10 million a day!

Hackers stole $1.38 billion in cryptocurrency during the first half of the year, which is about twice the amount stolen during the same period in 2023, according to a recent report from blockchain intelligence firm TRM.

Hackers more than doubled their cryptocurrency spoils in the first half of 2024 compared with a year ago, a report from blockchain research firm TRM Labs showed. The report said hackers looted crypto valued at $1.38 billion between Jan. 1 and June 24, more than double the $657 million during the same period a year ago.

Basic Info. Bitcoin Transactions Per Day is at a current level of 568630.0, down from 572398.0 yesterday and up from 459132.0 one year ago. This is a change of -0.66% from yesterday and 23.85% from one year ago. Bitcoin Transactions Per Day reflects the daily number of transactions registered on the Bitcoin network.

Behind the numbers (TechCrunch):

If your assets are stolen, you're out of luck. Enabling secure access to these cryptocurrency assets is absolutely critical to preventing theft — which, as of the end of 2020, amounted to just over $10 million a day — and/or lockout of one's potential fortune.

As valuations tumbled, over $1.8 trillion of crypto value dissolved. Over $450 billion vanished during the market turmoil following the Terra/Luna collapse in May 2022 alone; another $200 billion was lost in the wake of the FTX bankruptcy in November 2022.

The report found that people over 60 years old were the most scammed: they lost nearly $1.6 billion in 2023. "Elderly have generally a lot more free time," Barnacle explained.

The cryptocurrency market saw its biggest three-day sell-off in recent years due to growing fears of a possible US recession and rising geopolitical concerns. Bitcoin dropped 13% from its Sunday closing price to $51,560, heading for its biggest one-day fall since November 2022 and its lowest level since February.

Traders' flight from risky investments has halved the price of bitcoin and other cryptocurrencies, wiping out more than $1 trillion worth of digital money since November.

How much does the average person hold in crypto? ›

Bitcoin ownership is widely distributed across a variety of groups. 74% of Bitcoin owners hold less than around 0.01 worth of Bitcoin (~$350 as of November 6th, 2023).

So, who are the top holders of BTC? According to the Bitcoin research and analysis firm River Intelligence, Satoshi Nakamoto, the anonymous creator behind Bitcoin, is listed as the top BTC holder as of 2024. The company notes that Satoshi Nakamoto holds about 1.1m BTC tokens in about 22,000 different addresses.

How many Bitcoins are left to be mined? As of July 5, 2024, there are 19.72 million Bitcoins in circulation out of a total supply of 21 million. This means there are only 1.28 million Bitcoins left to be mined. All 21 million Bitcoins are expected to be mined by the year 2140.

Crypto traders have long debated the best time to trade cryptocurrencies. According to data from on-chain data provider Skew, 3 - 4 PM UTC is when cryptocurrency trading is most intense.

For the first six months of 2024, the FBI received over 18,000 complaints reporting crypto-investment scams, with losses of more than $1.9 billion. Americans lost $5.6 billion in cryptocurrency scams in 2023, according to a new report released by the FBI on Monday.

Most recovery companies are scams; there are no legitimate ones. It's important to understand that once money is lost or given away in a scam, it cannot be recovered. Any individual or company claiming otherwise is simply another scammer. I've been scammed $400k in cryptocurrency.

Two Brothers Arrested for Attacking Ethereum Blockchain and Stealing $25M in Cryptocurrency. An indictment was unsealed today charging Anton Peraire-Bueno, 24, of Boston, and James Pepaire-Bueno, 28, of New York, with conspiracy to commit wire fraud, wire fraud, and conspiracy to commit money laundering.