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‘Cryptojacking’ rises 30% to record highs despite crypto slump: Report

‘Cryptojacking’ rises 30% to record highs despite crypto slump: Report

New research shows that despite falling digital asset prices, cryptojacking has reached record levels in the first half of 2022.

According to a mid-year

The researchers, however, noted that the volume cryptojacking attacks began to fall alongside the crypto markets in the first half of the year, as attacks were becoming less lucrative.

They observed a pattern of significantly higher volumes in the first quarter, followed by “cryptojacking summer slump” in Q2. The firm said that based on past trends, Q3 volumes will likely also be low, with attacks likely to pick up again in Q4. 

This year’s summer decline has also been attributed to a falling in crypto asset prices as markets have shrunk by 57% since the beginning of the year.