Blockchain security firm PeckShield has reported staggering losses of over $3 billion from crypto-related hacks and scams in 2024 — a 15% increase from the previous year.
🔍 Key Insights:
Hacks: Accounted for a massive $2.15B (70% of the total losses).
Scams: Contributed $834.5M (30%).
Recovery: Around $488.5M worth of stolen funds has been recovered so far.
Interestingly, while monetary losses surged, the number of incidents has been on a decline since 2022, showing some progress in security measures.
As the crypto market continues to grow, safeguarding your assets is more critical than ever. Stay vigilant and invest in secure wallets and reliable platforms.
💬 What steps do you take to protect your crypto assets? Share below!