Hack Jitters Push Bitcoin Investors Back to the future
Created By Jyotish
Following a string of thefts in which hackers stole close to $2 billion, many people are worried about the security of their cryptocurrency funds.
In the first seven months of the year, digital thieves stole $1.9 billion in cryptocurrency, up 60% over the same period last year.
It has fueled the demand of wallets, specifically hardware wallets around the world.
By 2030, the $245 million market for hardware wallets worldwide is projected to reach over $1.7 billion.
The investors mainly focus on cold wallets as hot wallets are more vulnerable to be hacked.
On the Solana blockchain, almost 8,000 cryptocurrency wallets were attacked by hackers in August, who stole more than $5 million in cryptocurrency.