Crypto security firm PeckShield reports a staggering $3 billion loss to hackers and scammers in 2024, marking a 15% rise from 2023. Despite the increase in stolen amounts, the number of incidents has been on a decline since 2022. Of the total, $2.15 billion was lost to hacks, while scams accounted for $834.5 million. Fortunately, about $488.5 million has been recovered.

Security experts warn that 2025 may bring new challenges, with AI potentially evolving phishing tactics. As the crypto industry grows, users must remain vigilant against these sophisticated threats.