In November 2024, the crypto industry saw a significant decrease in losses, totaling $71 million across 26 incidents, marking the second-lowest monthly losses. This represents a substantial improvement from November 2023, which recorded $343 million in losses. Year-to-date figures show a total loss of $1.48 billion in 2024 due to hacks and rug pulls, a 15% decline from the previous year. DeFi platforms were the primary target, accounting for all reported cases in November. Hacks remained the leading cause of losses, with Binance-backed BNB Chain being the most targeted blockchain. Centralized exchanges also faced significant vulnerabilities, with CEX-related losses totaling $724 million in 2024. The industry is witnessing a shift towards decentralized technology, with DeFi leading a financial revolution. Despite the positive outlook, caution is advised as investing in cryptocurrencies remains a high-risk activity. Read more AI-generated news on: https://app.chaingpt.org/news