Over $3
Billion Lost to Crypto Hacks and Scams
in 2024, PeckShield Reports
According to a report by 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 security firm PeckShield, the
cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта sector experienced a sharp rise in security breaches in 2024,
with losses totaling $3.01 billion.
This marked a 15% increase from 2023’s $2.61 billion, reflecting growing
vulnerabilities in the fast-paced digital asset market.
PeckShield s Breakdown of 2024 Crypto Losses
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PeckShield’s analysis shows that the bulk of 2024’s losses came from crypto
hacks, which accounted for $2.15 billion, or 71% of the total. The remaining
$834.5 million stemmed from various scams , such as phishing attacks, Ponzi
schemes, and fraudulent investment platforms.
Despite these massive losses, efforts to recover stolen funds have shown some
success. According to PeckShield, approximately $488.5 million worth of
cryptocurrencies• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта were reclaimed through 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 tracing and enforcement
actions.
The report also highlights the top 10 heists of the year, highlighting the
significant scale of individual incidents. These ranged from breaches of
decentralized finance ( DeFi ) platforms to targeted attacks on major
exchanges. Notable incidents include:
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AlphaX DeFi Hack — $320 million stolen in February.
Lumos Bridge Exploit — $250 million drained in July.
DeltaTrade Exchange Breach — $180 million stolen in October.
These high-profile cases indicate the ongoing security challenges within the
DeFi ecosystem. It suggests that the sector remains a prime target for hackers
due to its open-source• Информационные технологии » Информационно-коммуникационные технологии » Информационные технологии и телекоммуникации » Программирование » Программное обеспечение » Свободное программное обеспечение » Открытое программное обеспечение
• Информационные технологии » Информатика » Программирование » Программное обеспечение » Свободное программное обеспечение » Открытое программное обеспечение
• Высокие технологии » Информационные технологии и телекоммуникации » Программирование » Программное обеспечение » Свободное программное обеспечение » Открытое программное обеспечение nature and large pools of digital assets.
Monthly Trends in Hacking Activity
A bar graph accompanying the report illustrates the distribution of losses
throughout the year. As indicated in the chart below, peaks were observed in
March and September, coinciding with major protocol vulnerabilities and
periods of heightened market activity.
The rise in attacks during these months indicates the need for continuous
security audits and real-time monitoring of smart contracts . While hacks
dominated the losses, scams also played a significant role. Scammers
capitalized on the growing adoption of cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта, targeting inexperienced
users with promises of high returns. Crypto Hacks and Scams in 2024. Source:
PeckShield
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One of the largest scams of the year involved a fake investment platform that
siphoned $140 million from unsuspecting investors before disappearing. This
incident mirrors the importance of public education and thorough due diligence
in mitigating risks.
The surge in crypto-related crimes has caught the attention of regulators and
law enforcement agencies worldwide. In November, France’s Autorité nationale
des jeux ( ANJ ) launched an investigation into fraudulent crypto operations• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта .
Elsewhere, the FBI worked closely with 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 analytics firms to recover
stolen funds and prosecute offenders.
PeckShield s report stresses the importance of caution for crypto market• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта
participants as the industry continues to grow.
“The crypto wild west is alive and kicking. $3B lost in 2024 shows the stakes
are higher than ever. Time to sharpen those digital defenses or risk being a
sitting duck,” one user on X commented .
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