Hackers Drain $1.48 Billion from Crypto in 2024, Led by DeFi Exploits
SUMMARY:
- Crypto losses in November 2024 totalled $71 million, marking a 79% decrease from the same month in 2023.
- DeFi projects accounted for all reported losses, with no major CeFi incidents recorded.
- BNB Chain became the top target for attacks, hosting 46.7% of incidents, surpassing Ethereum.
- 99.96% of funds lost in November came from hacking, while rug pulls accounted for less than $26,000.
- Year-to-date losses in 2024 reached $1.48 billion, a 15% reduction compared to 2023.
- The $1.48 billion lost to hacks and scams in 2024 shows risks despite a 15% drop compared to the previous year.
The cryptocurrency industry saw a surprising decrease in losses last month, according to a new report from…
