This year has been rough for some major crypto platforms as hackers continue to exploit vulnerabilities. Here's a quick breakdown of the largest hacks and exploits that shook the space in 2024:
DMM Bitcoin leads the list with a jaw-dropping $305M lost, a massive blow to the exchange and its users.
WazirX, one of the biggest Indian exchanges, follows with $235M stolen, further amplifying concerns about security.
Munchables saw $62.5M drained, adding to the list of large-scale attacks.
BtcTurk fell victim to a $54M hack, while decentralized platform Hedgey lost $44.7M.
BingX, another big player, was hit for $43.3M, highlighting how even high-profile platforms aren't immune.
Lesser-known, but no less damaging, Penpie suffered a $27M exploit, while FixedFloat lost $26.1M.
ALEX had a loss of $23.9M, Gala saw $22M vanish, and Indodax was taken for $20.5M.
Lastly, lending protocol UwU Lend closes the list with a $20M hack.
From hot wallet breaches to phishing scams on multi-sig wallets, 2024 has shown us that even the most prominent platforms need to ramp up security measures. Stay vigilant, and always prioritize safe practices!
