that's the bad and dangerous side of crypto 😤
cheers 🥂
See original
LIVE
Binance News
--
Cryptocurrency Sector Faces Over $85 Million Loss Due To November Hacks
According to Odaily, the cryptocurrency sector experienced over 30 hacking incidents in November 2024, resulting in losses amounting to approximately $85.53 million. Of this, around $25.2 million has been successfully recovered.
The most significant of these incidents involved Thala, which suffered a loss of $25.5 million. However, a substantial portion of this amount, $25.2 million, was recovered, and an additional $300,000 was allocated as a bug bounty. Another major incident was the attack on DEXX, which resulted in a loss of $21 million.
Other notable hacks included Gifto, which faced a loss of $12 million, PolterFinance with $8.7 million, and DeltaPrime, which incurred a loss of $4.75 million. These incidents highlight the ongoing vulnerabilities within the cryptocurrency industry, emphasizing the need for enhanced security measures to protect digital assets from such threats.
The most significant of these incidents involved Thala, which suffered a loss of $25.5 million. However, a substantial portion of this amount, $25.2 million, was recovered, and an additional $300,000 was allocated as a bug bounty. Another major incident was the attack on DEXX, which resulted in a loss of $21 million.
Other notable hacks included Gifto, which faced a loss of $12 million, PolterFinance with $8.7 million, and DeltaPrime, which incurred a loss of $4.75 million. These incidents highlight the ongoing vulnerabilities within the cryptocurrency industry, emphasizing the need for enhanced security measures to protect digital assets from such threats.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
Replies 0
