In 2024, the crypto market has suffered over $1.19 billion in losses due to hacks and scams, a 16.3% increase from 2023. July alone saw $269.4 million lost, with a significant $235 million theft from WazirX. Centralized exchanges were hit hardest, while Ethereum and BNB Chain remain top targets for hackers, despite fewer DeFi frauds.
In 2024, the crypto market has suffered over $1.19 billion in losses due to hacks and scams, a 16.3% increase from 2023. July alone saw $269.4 million lost, with a significant $235 million theft from WazirX. Centralized exchanges were hit hardest, while Ethereum and BNB Chain remain top targets for hackers, despite fewer DeFi frauds.