Over $2.3 Billion Stolen in Crypto Hacks and Frauds in 2024
Crypto frauds and hacks in 2024 totaled $2.3 billion, a 40% rise from 2023, with Ethereum hit hardest at $1.2 billion in losses.
Key incidents included WazirX, Radiant Capital, and DMM Bitcoin, exposing vulnerabilities in multisig wallets and DeFi.
Proactive tools like real-time monitoring are essential to combat growing threats from advanced hacking techniques.
Crypto hacks and frauds led to over $2.3 billion in losses this year, highlighting the persistence of security vulnerabilities in the industry. This figure spans 165 incidents, marking a 40% increase from the previous year.
While the total is lower than the $3.7 billion lost in 2022, the continued rise in attacks signals that the industry’s defenses remain inadequate against the advanced threats.
