In November 2024, hackers caused 99.96% of all losses, leaving fraud and rug pulls behind with losses of only $25,300. 😮 Decentralized Finance (DeFi) lost $71 million, which was the second lowest figure of the year, improving the situation compared to $343 million in 2023.

Centralized Finance (CeFi) did not record any incidents in November but remains a primary target for hackers. Nearly 50% of losses for the year – $724 million – are related to CeFi. In the third quarter of 2024, CeFi hacks accounted for 72% of all losses, including the incident at WazirX with losses of $235 million.

Infrastructure vulnerabilities, especially hot wallets, make these attacks devastating. Hackers are refining strategies, including impersonating recruiters to penetrate security systems.

Among blockchain networks, BNB Chain was the most affected with 14 attacks, accounting for 46.7% of November's losses. Ethereum followed with 9 incidents, making up 30% of the losses. Solana, Polygon, and others experienced one attack each, each accounting for 3.3% of the losses. 🌐