According to CryptoPotato, there were 67 hacking incidents in the first quarter of 2024, resulting in losses of more than $824 million. Among them, access control vulnerabilities are the most common type of attack, causing losses of US$682 million, accounting for 83% of the total losses. The losses were spread across 26 separate incidents, with four major incidents including a $290 million breach of gaming platform Playdapp, a $112 million theft of Ripple co-founder Chris Larsen’s wallet, an $80 million theft of the Orbit chain bridge, and Web3 Gaming Protocol Munchables raked in $63 million on Blast. Hacken's report also noted that despite the staggering losses in the first quarter, approximately $444 million in funds had been successfully recovered or frozen, equivalent to 54% of the stolen amount. This recovery effort marks significant progress in the industry’s response to such incidents.
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