Losses from crypto hacks and scams surged in 2024, according to the blockchain security firm PeckShield.
The firm says the total value loss in the crypto sector last year exceeded $3.01 billion, a 15% increase from the 2023 total.
That number includes $2.15 billion stolen in hacks and $834.5 million purloined via scams. PeckShield also notes that $488.5 million worth of looted crypto was recovered.
Despite the surge in crypto losses last year, 2024 still wasn’t as prolific as 2022, which clocked $3.6 billion worth of value loss.
Last year’s largest heist happened in May when North Korean hackers stole more than $300 million worth of Bitcoin (BTC) from the Japanese crypto exchange DMM.
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