Over $3 Billion Lost to Crypto Hacks and Scams in 2024, PeckShield Reports
According to a report by blockchain security company PeckShield, the cryptocurrency sector experienced a sharp increase in security breaches in 2024, with losses amounting to $3.01 billion.
This marked a 15% boost from 2023's $2.61 billion, showing growing vulnerabilities in the hectic digital property market.
PeckShield's Breakdown of 2024 Crypto Losses
PeckShield's analysis reveals that the bulk of 2024's losses originated from crypto hacks, which represented $2.15 billion, or 71% of the overall. The staying $834.5 million originated from numerous rip-offs, such as phishing attacks, Ponzi plans, and deceptive financial investment platforms.
In spite of these enormous losses, efforts to recuperate taken funds have actually revealed some success. According to PeckShield, roughly $4...