Losses From Crypto Hacks and Scams Soar in 2024, Exceeding $3,010,000,000: Blockchain Security Firm
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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