$1.3 Billion Lost as Crypto Services Under Siege

Crypto services have been under attack in record numbers, with losses reaching $1.3 billion in the first half of the year. This represents a 2.5 times increase compared to last year, according to Shard.

The number of incidents has grown significantly due to the widespread adoption of cryptocurrency and the growing interest from hackers. As Alexey Gorelkin, an information security expert, explained: 'Digital assets, including cryptocurrency, have become very widespread. Banks protect money extremely seriously: they have been under attack for decades. But crypto exchanges and crypto asset owners are not fully used to this yet.'

The lack of experience and protection in the crypto sector is making it an attractive target for hackers. Mikhail Uspensky, managing partner of Parallax and a member of the expert council of the State Duma working group on cryptocurrency regulation, notes that new tools make it easier to attack even complex systems.

When choosing a reliable crypto service, users should look at the platform's reputation, legal status, account protection level, quality of support, user reviews, fees, and transparent deposit and withdrawal rules. Crypto wallets can be hot, cold, hardware, or software, each with its own security risks and considerations.