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• Соединённые Штаты Америки (США) » Государственное устройство США » Правительство США: Largest Crypto Exploits and Hacks
of 2024
From DMM Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin to the US Government• Государство » Государственное устройство США » Правительство США
• Объект организация » Организации по алфавиту » Организации на Пр » Правительство США
• Соединённые Штаты Америки (США) » Государственное устройство США » Правительство США: Largest Crypto Exploits and Hacks of
2024
The crypto industry may have matured this year, but hackers made off with
billions by targeting a mix of DeFi projects and exchanges.
By Mat Di Salvo
Dec 25, 2024 Dec 25, 2024
5 min read
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Hacks in the crypto industry are quite common. Image: Shutterstock.
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Hackers have grown more sophisticated and continue to rake in billions of
dollars from crypto exploits.
The good news? There isn’t any—2024 has officially surpassed last year’s
totals for stolen funds, with months of hacks piling on to an already
record-breaking year.
By Q3 2024, blockchain• Информационные технологии » Информационно-коммуникационные технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн
• Высокие технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн intelligence firm TRM Labs reported that over $2.2
billion had been stolen in crypto hacks—exceeding the $1.8 billion lost in all
of 2023.
Now, as the year comes to a close, the total continues to climb. Analysis
reveals that thefts weren’t limited to the experimental world of decentralized
finance, or DeFi; centralized crypto exchanges were also prime targets.
Here are the biggest crypto heists of 2024.
DMM Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin’s $308 million
Japanese crypto exchange DMM Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin lost over 4,500 BTC—worth $308 million at
the time—to hackers back in May.
It’s unclear how hackers managed to steal from the exchange, but TRM Labs said
that stolen private keys were a plausible explanation.
The company is still shutting down and transferring customer accounts to
another exchange, SBI VC Trade, which is taking over its assets.
PlayDapp’s $290 million
Hackers targeted the crypto gaming platform PlayDapp twice in February by
exploiting a private key vulnerability. They made off with $290 million in PLA
tokens across the two incidents.
The attackers also ignored a $1 million white hat reward to return the stolen
funds. To this day, the funds are still missing.
WazirX’s $235 million
Indian crypto exchange WazirX was also targeted in June, with hackers running
away with close to $235 million.
WazirX suspended all withdrawals, leaving users unable to access their funds
after the hack. Elliptic said that the attack was linked to North Korea.
The exchange's parent company, Zettai Pte Ltd, secured a four-month
moratorium from the Singapore High Court in August in a bid to get its
finances in order• Экономика » Финансы » Финансовый рынок » Биржевая заявка.
Things took a weird twist in October when the co-founder of rival exchange
CoinSwitch accused WazirX of transferring $75 million worth of user funds to
top exchanges Bybit and KuCoin in the wake of the attack.
WazirX has since said that it’s in the process of “rebalancing tokens,” and
clients will soon be informed on the next steps to repay creditors.
Ripple co-founder Chris Larsen’s $112.5 million
Hackers targeted Ripple co-founder and Executive Chairman Chris Larsen’s XRP
stash on January 30. The crypto entrepreneur wrote on X that there had been
“unauthorized access to a few of my personal XRP accounts,” but reassured
people that Ripple itself hadn’t been targeted.
Still, it was a hefty attack, and blockchain• Информационные технологии » Информационно-коммуникационные технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн
• Высокие технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн sleuth ZachXBT said that hackers
made away with about 213 million XRP—$112.5 million at the time—before
laundering it through exchanges. Efforts to recover the stolen assets have
been unsuccessful.
Orbit Chain’s $80 million
The year began with a significant DeFi breach, as hackers drained over $80
million from the cross-chain bridge project Orbit Chain on January 1.
Criminals took off with Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum and the stablecoin DAI in the exploit—and
then fell silent.
Months later, millions of dollars of the stolen crypto was moved to coin mixer
Tornado Cash. Other than a January statement apologizing for the exploit, the
team behind the project has since given little update on what happened—or how
it would retrieve the stolen funds.
BtcTurk’s $54 million
On June 22, hackers targeted the Turkish crypto exchange BtCTurk—which caters
to the country’s budding market. Most of the funds were in the form of
Avalanche (AVAX), the 12th-largest digital asset by market capitalization.
The exchange reassured users that most funds—kept in cold storage—were safe.
Meanwhile, a day after the hack, Binance CEO Richard Teng said his exchange
had frozen $5.3 million in stolen funds to assist BtcTurk’s efforts.
Radiant Capital’s $50 million
In October, Hackers hit DeFi project Radiant Capital in “one of the most
sophisticated hacks ever recorded in DeFi,” making away with $50 million in
tokens at the time.
The breach happened after a Radiant developer received a Telegram message from
what appeared to be a former contractor, the protocol said . The message
contained a PDF, which was then used to deliver malware and subsequently gain
control of several private keys, allowing hackers to steal USDT , USDC , and
ARB tokens.
Radiant Capital, which allows users to earn interest and borrow crypto, has
since said that North Korean hackers were behind the attack.
U.S. government• Государство » Государственное устройство США » Правительство США
• Объект организация » Организации по алфавиту » Организации на Пр » Правительство США
• Соединённые Штаты Америки (США) » Государственное устройство США » Правительство США’s $20 million
Hackers even targeted the Feds this year with over $20 million worth of
stablecoins and Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum disappearing in October from a government• Государство » Законы и право » Теория государства и права » Правительство wallet
containing funds seized from criminals.
The crypto in question was tied to a previous 2016 hack of the Bitfinex
exchange. Hackers sent the coins and tokens to a new address, prompting
pseudonymous blockchain• Информационные технологии » Информационно-коммуникационные технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн
• Высокие технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн sleuth ZachXBT to say it was likely a theft.
Then, the next day, close to $19.3 million worth of the pinched funds were
returned to the wallet, data collected by Arkham Intelligence shows. It still
isn’t clear what happened to the rest of the stolen crypto—or why hackers
returned it in the first place.
Edited by Sebastian Sinclair
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