๐ฅHot off the press! Crypto industry has seen 785 hacks in 13 years, with a whopping $19 billion in digital assets stolen. The biggest single theft? 2019's Plus Token fraud, netting $2.9 billion in Bitcoin and Ether.๐ฐ
2024's shaping up to be a record year, with Q1 already seeing $542.7 million stolen, a 42% increase from 2023.๐
But don't let these numbers scare you off! DeFi hacks are actually smaller but more frequent, with the largest DeFi hack in the past two years being the Euler Finance hack, resulting in $197 million worth of stolen Ether tokens.
So, what's your take on this? Are these just growing pains for an industry on the rise, or is there a need for more stringent security measures? Let's chat in the comments!๐
#DeFi #Crypto #Blockchain #Web3 #Technology