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A significant amount of cryptocurrency, totaling nearly $500 million, was stolen in 2024 through wallet drainer malware. This malware tricks users into signing malicious transactions that transfer their assets to the attacker. The attacks have targeted over 332,000 victims, indicating the scale of the threat. These attacks pose a substantial risk to crypto users and highlight the need for enhanced security measures and user education about how to avoid such scams. The rise in losses underscores the growing sophistication of cryptocurrency-related cybercrime.

The North Korean hacking group TraderTraitor, also known as Jade Sleet, UNC4899, and Slow Pisces, is identified as the perpetrator behind the $308 million cryptocurrency theft from Japanese exchange DMM Bitcoin. The group, which is a cryptocurrency-focused element within the Reconnaissance General Bureau, primarily targets blockchain-related companies. The attackers used social engineering techniques to infiltrate the target. They have been known to use supply chain attacks to install malware.