Losses from Cryptocurrency Hacks and Frauds Rise in 2024, Exceeding $3,010,000,000: Blockchain Security Firm
Losses from cryptocurrency hacks and scams rose in 2024, according to blockchain security firm PeckShield.
Company He says The total value loss in the cryptocurrency sector last year exceeded $3.01 billion, an increase of 15% from 2023’s total.
This number includes $2.15 billion stolen through hacks and $834.5 million stolen through fraud. PeckShield also reports that $488.5 million worth of stolen cryptocurrencies have been recovered.
Despite a spike in cryptocurrency losses last year, 2024 was not as prolific as 2022, which recorded a loss of $3.6 billion.
The largest theft last year occurred in May when hackers from North Korea to steal More than $300 million worth of Bitcoin (Bitcoin) from the Japanese cryptocurrency exchange DMM.
US and Japanese government investigators say the breach began in March when a hacker posed as a recruiter and sent the malicious GitHub link to an employee at Ginco, a DMM partner company. After the employee copied the link to his personal account, a North Korean group known as “TraderTraitor” gained access to the system and later impersonated the worker to hack DMM communications.
The hackers then intercepted and modified a legitimate transaction request from the DMM, authorities said.
In December, blockchain security firm Chainalogy male North Korean hackers stole more cryptocurrencies in 2024 than in any previous year, looting $1.34 billion worth of digital assets across 47 incidents.
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