In November, the losses of the crypto industry from theft and fraud reached $71 million. This is the second lowest monthly figure in 2024. Furthermore, this figure is 79% lower compared to November last year, when losses exceeded $343 million, and 4% lower compared to October.
Analysts from the blockchain security company Immunefi calculated that since the beginning of 2024, the crypto market has recorded 209 incidents, resulting in the industry losing $1.48 billion. This is 15% less than the same period in 2023.
In total, since the beginning of 2024, the crypto market has incurred losses of $1.48 billion due to hacks and fraud in 209 specific cases. This is 15% less than the same period in 2023, when losses amounted to $1.75 billion, experts from Immunefi wrote.
Losses of the crypto industry in 2024
Speaking about the largest incidents of the last month of autumn, the most significant were the hack of the DeFi protocol Thala for $25.5 million and the attack on the terminal for trading meme coins DEXX, as a result of which 900 users lost about $21 million.
