The number of cryptocurrency hacks in Q3 2024 dropped to a three-year low of just 28, with a total of $463.6 million stolen. However, the situation remains worrying as more than $440 million was not recovered.

🔒 According to the Hacken report, 95% of the lost funds were not recovered, a sharp contrast to previous quarters when 50-60% of stolen assets were frozen or recovered.

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

- Access control attacks accounted for the majority of the losses with $316 million stolen.

- Reentrancy attacks cost more than $33 million.

🚀 While traditional rug pulls have declined, meme coins have surged on platforms like Base, Tron, and Solana.