Crypto hacks wipe out $2.3B in 2024, marking 40% YoY surge
According to Cyvers, the 40% yearly increase was mainly driven by growing access control vulnerabilities amid centralized exchanges and cryptocurrency custodians.
Auto Added by WPeMatico
According to Cyvers, the 40% yearly increase was mainly driven by growing access control vulnerabilities amid centralized exchanges and cryptocurrency custodians.
Cryptocurrency hackers continue damaging the industry’s reputation as the yearly value stolen through cyberattacks nears $1.5 billion.
The industry is still recovering from the $230 million WazirX hack, which occurred less than four months ago.
Cryptocurrency hacks in September totaled over $120 million, with centralized exchanges BingX and Indodax accounting for more than half.
The majority of the stolen funds is accounted for a major phishing incident that cost an unfortunate user $55 million.
Crypto hackers have stolen over 15.5% more in 2024 so far compared to the same period last year.
