The third quarter of 2024 saw the lowest number of hacks in three years: just 28 incidents, with a total of $463.6 million stolen. 🚨

However, 95% of the stolen funds were not recovered, highlighting the urgent need for stronger post-incident response strategies.

Asia suffered the biggest losses at $264 million, followed by Australia at $43.3 million, Europe at $22.16 million, and North America at $15 million.

Access control breaches continue to be the most damaging attack type at $316 million. Reentrancy attacks caused losses of $33 million.

While traditional rug pulls have declined, meme coin launches have increased, suggesting that scammers are experimenting with new tactics with low-value coins. 🚀