Crypto hacking losses estimated at $1.7 billion so far this year

Blockchain analysis company TRM Labs estimates that cryptocurrency hacks have caused losses of up to $1.7 billion so far this year. With improved security measures and increased law enforcement efforts this year, losses from cryptocurrency hacks have decreased significantly from last year's $4 billion. TRM Labs stated that the top ten hacker attacks this year accounted for 70% of the total thefts.