Coming from the high court of the America go to refinery taking the division against the sam Bankman fraud will be done by in the month of the october but now a days the government and the high court will be taking the final decision against this Sam Bank man fraud and that should taking about 25 years in the jail.
And that is a huge time for the bankman sam for surviving in the jail that should be the positive news coming from the market of the cryptocurrency but the loss only facing by approximate 25 crores or 25 million and the government have taking a step to full fill these loss from their personal Assets of the Sam and that should be all Seas by the high court and the government who have controlling these case.
And now a days the market will be totally covered from these fraud news and the division will be coming up that's why the all articles will be written about the Sam bankman fraud and now a days they should be a LimeLight for the every news channels and also the social media will totally cover up from these types of memes.
And market are also covering from the cryptor uses will facing some drastic time. But at the end in the match will be totally very dynamic for the krypton market as you know March will be coming with so may type of events of minute types of Havling and for that reason are also coming shocking amount by the Bitcoin and that will be the very shocking for the market also but come to the next topic.
Crypto Industry nowadays facing a loss due to hacking. And the percentage of decreasing is 23% of Q1. So let's take a data when coming from some resources have I collected in today and that will you very shocking for the last 3 months of 2024 and what will be the last year losses will you facing from the hacking or the frauds. First of all we taking the last year losses will be calculating now a days and that should making a huge amount for the krypto market that why the also losing of Crypto coins will be facing by the citizens or the users of The cryptocurrency.
So the last year lost will be approximate of 336 million that is very use amount because it will be the one of the most use amount I ever seen for the frauds or hacking side. So let's take it out the last 3 months loss or the hack will be facing by the Crypto market and that amount also very use and very shocking for yourself. I cannot believe that this type of huge amount will be seen in the last 3 months hacking and frauds amount will be touching very huge the amount will be 321 million .
And that is a very huge amount for the last 3 months and now we also counting the frauds and the hacks will be done in the last 3 months. 46 hacks and 15 frauds will be done in last 3 months and that will be the very drastic and very shocking news for the crypto Market because as you know these type of losses will be affect the market and also affect the coins value.
Decentralized finance will be totally targeted the hackers and the 100% Accounts will be seized by the hackers and that is the easiest way to hacking in the decentralized Finance and that will look very careless thing will be done by the governments who have including in the centralized Finance.
There are some words will be given by the CEO of Mitchell Amador, Founder and CEO at Immunefi.
The hacker will be in the first quarter in 2023 will be decreasing of 17.5% from 2024 and that is one of the good thing will be showing up for the safety.
I am taking some chart in the front of your screen to showing the losses will be found by Q1 that is easy to understanding what will the losses going on in the crypto Market.
Hackers are also destroy some projects of the crypto market and that will be the very huge loss will be facing by the crypto market as per the resources and as per our sources we found there are some details or some data will be showing up to you to know about what will be the losses going on for the hacking and the frauds.
In 2023 the pulling of 19 million dollars will be hacked or fraud by the fraudster or hackers. Let's take up some percentage of this 19 million will be total of amount fraud and hacking so the 95% of the amount will be collected by the hacking and the remaining part of the rest of the percentage will be totally covered by the fraud and that is a huge amount.
That's all for today's be safe away from the fraud and the hex done in the crypto Market thank you to reading my article.
