Q3 Sees Lowest Crypto Hacks in 3 Years, but $440M Is Gone Forever
The number of hacks in Q3 2024 has dropped to its lowest point in three years, with only 28 incidents, across which a total of $463.6 million was stolen.
However, the overall outlook remains concerning as there’s no chance of recovering over $440 million of the stolen funds.
Worst Recovery Rates Ever
According to the latest report by cybersecurity firm Hacken shared with CryptoPotato, an alarming 95% of the stolen funds were lost permanently. This is a sharp contrast to earlier quarters when 50-60% of the stolen assets were frozen or recovered.
As such, this high rate of unrecovered funds highlighted the urgent need for stronger post-incident response strategies.
“This is the worst quarter in recent times in terms…
