Crypto scams and hacks surpass $3b in 2024, up 15% from 2023
Crypto investors faced a tough 2024 as hacks and scams exploited weaknesses, costing billions in losses.
Crypto-related hacks and scams cost the industry $3.01 billion in 2024, reflecting a 15% rise from $2.61 billion in 2023, according to data published by PeckShield.
In an X post on Thursday, Jan. 9, the blockchain forensic firm revealed that of the total losses, $2.15 billion came from hacks, while scams accounted for $834.5 million. Approximately $488.5 million of stolen funds were recovered.
