🚹💣 Red alert in the crypto universe! In 2024, hackers pocketed an astronomical sum of more than $1.2 billion! 🚀💾

The year 2024 is marked by a frightening escalation of attacks in the world of cryptocurrencies. Thieves have stolen an incredible $1.21 billion in digital assets since the beginning of the year, spread over 154 separate incidents! A chilling 15.5% increase over last year.

Mitchell Amador, founder of Immunefi, warns: “The crypto ecosystem is vulnerable to major attacks. We must be constantly vigilant, as a single failure could magnify these losses dramatically.”

The most spectacular theft was from the WazirX exchange, where over $230 million was stolen, marking the second-largest hack of the year. But there is a silver lining: August saw thefts drop 94% from the previous month, with just $15 million worth of crypto stolen. This decline was mainly due to two major incidents, including the $9.8 million Ronin hack and the $1.5 million Nexera exploit.

While this year’s losses have largely come from centralized infrastructure (CeFi), attacks on decentralized finance (DeFi) continue to pose significant risks. As Amador points out, “CeFi attacks can lead to massive losses, although this month has not seen any major incidents.”

Stay tuned for the latest news to protect yourself against these growing threats. Follow our Binance Square account to always be up to date!

#ScamRiskWarning #Hacked #wazirX

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