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Crypto hacking thefts double to $1.4 bln in first half of 2024, researchers say

The median theft was one-and-a-half times larger than the year before, the report said.

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The amount of cryptocurrency stolen in hacks globally more than doubled in the first six months of 2024 from a year earlier, driven by a small number of large attacks and rising crypto prices, blockchain researchers TRM Labs said on Friday.

Hackers had stolen more than $1.38 billion worth of crypto by June 24, 2024, compared with $657 million in the same period in 2023, TRM Labs said in a report.

The median theft was one-and-a-half times larger than the year before, the report said.

“While we have not seen any fundamental changes in the security of the cryptocurrency ecosystem, we have seen a significant increase in the value of various tokens – from bitcoin to ETH (ether) and Solana – compared to the same time last year,” said Ari Redbord, global head of policy at TRM Labs.

This means that cybercriminals are more motivated to attack crypto services, and can steal more when they do, Redbord said.

Crypto prices have generally recovered from the lows hit in late 2022 in the aftermath of the collapse of Sam Bankman-Fried’s crypto exchange, FTX. Bitcoin hit an all-time high of $73,803.25 in March this year.

Among the largest crypto losses so far this year was the roughly $308 million worth of bitcoin stolen from Japanese crypto exchange DMM Bitcoin, in what the company called an “unauthorised leak”.

Cryptocurrency companies are frequent targets for hacks and cyberattacks, although losses of this scale are rare.

Stolen cryptocurrency volumes in 2022 were around $900 million, Redbord said, partly due to the more than $600 million stolen from a blockchain network linked to the online game Axie Infinity. The United States has linked North Korean hackers to that theft.

The United Nations has accused North Korea of using cyber attacks to help fund its nuclear and missile programs. North Korea has previously denied allegations of hacking and other cyberattacks.

Science & Technology

Swirling, vortex-like patterns observed on the sun’s surface

The researchers said the observations may provide insight into underlying physical processes that impact ⁠the dynamics of the sun and other stars, including eruptions from the solar surface that can interfere with the operation of satellites, GPS navigation, power grids and global communications on ​Earth.

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Astronomers have obtained the highest-resolution images to date of our sun’s visible surface, observing swirling, vortex-like patterns in superheated solar gases reminiscent of the shapes depicted in ​the nocturnal sky in Vincent van Gogh’s 1889 painting “The Starry Night.”

The researchers made the observations of a portion of the sun’s photosphere, a relatively thin ‌layer — about 60 miles (100 km) in depth compared to the overall solar diameter of roughly 865,000 miles (1.4 million km) — using the U.S. National Science Foundation’s Hawaii-based Daniel K. Inouye Solar Telescope, Reuters reported.

The still images and time-lapse video reveal continuously growing whirls of hot plasma, gas heated to temperatures so high that subatomic particles called electrons break free from atoms and form a broth of charged particles. The observed whirls are large on ​a human scale but small on the scale of a stellar surface, with diameters ranging from about 12 miles (19 km) — the minimum scale detectable by the world’s ​most powerful solar telescope — up to roughly 100 miles (170 km).

The researchers said the observations may provide insight into underlying physical processes that impact ⁠the dynamics of the sun and other stars, including eruptions from the solar surface that can interfere with the operation of satellites, GPS navigation, power grids and global communications on ​Earth.

The curly, circular patterns do not represent random shapes, but rather are the first detection of a phenomenon called Kelvin-Helmholtz instability, or KHI, on the surface of a star. KHI, first described ​in the 19th century, refers to a dynamic process that happens when two parallel streams of fluids or gases interact while moving at different velocities.

“The interface can become unstable and develop wave-like vortices that grow in size until they break apart, not unlike waves out on a lake or out on the ocean in windy conditions,” said astronomer Friedrich Wöger, a senior scientist at the National Science Foundation’s National Solar Observatory ​in Colorado, the Inouye telescope’s instrument program scientist, and co-lead author of the study published on Wednesday in the journal Nature.

Swirling clouds caused by KHI are a well-known, albeit rare, meteorological ​occurrence on Earth, and also have been observed in the atmospheres of the giant gas planets Jupiter and Saturn, Wöger said.

“The difference from the waves and clouds we know here on Earth is that the two ‌interacting fluids ⁠are hot plasma — about 6,000 degrees Kelvin and 10,000 degrees Fahrenheit (5,540 degrees Celsius) — moving within a magnetic field that helps create the conditions for the instability to develop,” Wöger said.

By twisting the solar magnetic field, KHI creates energy that can suddenly unleash an explosion.

‘A TRUE GAME-CHANGER’

Wöger called the discovery of solar KHI “a true game-changer,” saying it opens up a new framework for understanding how the sun energizes its atmosphere.

“The sun and sun-like stars are extremely dynamic systems, characterized by a whole spectrum of rapid, explosive events within their magnetic elements. How these explosions ​are triggered is one of the main frontiers ​in modern solar physics,” National Solar Observatory ⁠astronomer and study co-lead author David Kuridze said.

The KHI manifestation might help explain why the sun’s outer atmosphere becomes as hot as it does and why magnetic energy accumulates and moves around on the solar surface.

The constant twisting motions generated by KHI can gradually build the ​energy required to trigger coronal mass ejections and solar flares, Kuridze said. Coronal mass ejections are huge bubbles of gas threaded with ​magnetic field lines that ⁠are expelled from the sun’s surface. Solar flares are gigantic explosions on the sun that propel light, energy and high-speed particles into space.

Aside from the science, the researchers admired the beauty of the new close-up views of the sun.

“Maybe ‘magnificent’ comes closest to describing the aesthetics in the images for us,” Wöger said.

“Interestingly, artists have long captured this fluid dynamic intuition in their work. A famous ⁠example is Van ​Gogh’s ‘The Starry Night,’ where the sky’s vortex structures closely resemble turbulent KHI structures,” Kuridze said. “A similar parallel appears ​in Hokusai’s famous woodblock print, ‘The Great Wave off Kanagawa,’ where the curling crests of the wave echo the iconic shape of KHI billows. It shows how the fundamental geometry of nature deeply resonates with human art.”

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Afghanistan currently transits internet traffic to Central Asia, says MCIT

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Afghanistan is currently serving as a transit route for internet traffic between South Asia and Central Asia, the Ministry of Communications and Information Technology (MCIT) said, highlighting the country’s growing role in regional digital connectivity.

The ministry said fiber-optic traffic from several South Asian countries is routed through Afghanistan to Central Asian nations via the country’s fiber-optic network.

According to the ministry, nearly $3 billion has been invested in Afghanistan’s fiber-optic and telecommunications sector so far, with expansion efforts continuing.

Officials said Afghanistan offers significant investment opportunities in telecommunications and fiber-optic infrastructure. They added that, alongside expanding domestic communications services, the ministry is working to enhance the country’s capacity to provide transit services for regional countries.

The ministry said Afghanistan is already facilitating the transit of internet traffic from parts of South Asia to Central Asia and stressed that the country’s strategic geographic location positions it as an important digital corridor between the two regions.

“We are currently transiting internet traffic through Afghanistan to South Asian and Central Asian countries,” said Enayatullah Alokozai, spokesperson for the Ministry of Communications and Information Technology. “Afghanistan is a suitable geographical corridor for data transmission.”

Economic analysts say Afghanistan has the potential to become a key hub for regional connectivity. They noted that, in addition to serving as a corridor for energy transmission from Central Asia, the country could also facilitate the large-scale transit of fiber-optic connectivity, internet traffic, and commercial goods.

Representatives of the private sector also said Afghanistan has strong potential to attract further investment in telecommunications and fiber-optic infrastructure. They noted that numerous domestic and international companies are active in the sector, creating direct employment opportunities for thousands of Afghans.

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New AI tool helps Afghans identify visa pathways

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A veteran-led organisation has launched a new artificial intelligence-powered platform designed to help Afghans navigate complex visa and relocation options as thousands remain stranded or at risk nearly five years after the withdrawal of U.S. forces from Afghanistan.

The Visa Pathways and Relocation Information Center (V-PRIC), developed by AfghanEvac, uses artificial intelligence to guide users through possible immigration and protection pathways based on their individual circumstances.

According to AfghanEvac founder and U.S. Navy veteran Shawn VanDiver, the platform attracted more than 30,000 visits during its first week online.

Users begin by answering questions about their current location, whether they worked with the United States, whether they face security risks, and by providing a brief description of their situation. The system then compares that information with a database covering 124 U.S. visa and immigration categories, including 16 relevant to Afghan applicants, as well as relocation options offered by other countries.

VanDiver said the platform is intended to simplify what is often a confusing and constantly changing immigration process. Before using the service, applicants must acknowledge that it does not provide legal advice.

The launch comes as many Afghans who supported the U.S. during its two-decade military presence continue to face uncertainty. AfghanEvac says policy changes have significantly reduced available relocation opportunities, leaving many applicants unable to progress with immigration cases.

According to the organisation, around 1,100 Afghan allies and their family members remain at the Camp As Sayliyah processing facility in Doha, Qatar, despite many having previously received approval to enter the United States. AfghanEvac says travel restrictions have prevented them from completing the process.

VanDiver said the new tool helps users identify obstacles affecting their applications, including whether delays are caused by legal requirements or government policy, while also highlighting possible next steps.

The platform has been trained using legal decisions, executive orders, policy documents and information gathered through AfghanEvac surveys and guidance materials. The organisation says it will continue updating the system as immigration policies evolve.

VanDiver said the tool could also help applicants avoid actions that may complicate future immigration cases, such as pursuing visa interviews when programmes are temporarily suspended.

AfghanEvac recently surveyed more than 1,100 Afghans between January and July this year. Of the 427 respondents still inside Afghanistan, nearly half reported facing direct security threats. Another 427 respondents were in Pakistan awaiting relocation, with many expressing concerns about possible deportation and limited access to healthcare.

The organisation emphasised that the AI platform is intended to complement, rather than replace, professional legal assistance. It encourages applicants to seek legal advice while using the service to better understand the immigration options available to them.

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