Phishing attacks were the most costly attack vector for the crypto industry in 2024, netting attackers over $1 billion across 296 incidents.
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According to Cyvers, the 40% yearly increase was mainly driven by growing access control vulnerabilities amid centralized exchanges and cryptocurrency custodians.
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Cryptocurrency hackers continue damaging the industry’s reputation as the yearly value stolen through cyberattacks nears $1.5 billion.
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The industry is still recovering from the $230 million WazirX hack, which occurred less than four months ago.
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Cryptocurrency hacks in September totaled over $120 million, with centralized exchanges BingX and Indodax accounting for more than half.
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The majority of the stolen funds is accounted for a major phishing incident that cost an unfortunate user $55 million.
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Crypto hackers have stolen over 15.5% more in 2024 so far compared to the same period last year.
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A new report by blockchain intelligence firm TRM reveals that crypto thefts in the first half of 2024 have doubled compared to 2023, with $1.38 billion stolen by June 24. Major hacks constitute 70% of losses, with private key compromises and smart contract exploits as top attack vectors. Crypto projects are advised to adopt comprehensive […]
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Data from blockchain analytics firm Chainalysis shows that October is “the biggest month in the biggest year ever for hacking activity.” The firm added that crypto hackers have grossed over $3 billion across 125 hacks so far this year. Crypto-Hacking Activity Soars in October Chainalysis shared some crypto-related hacking statistics Wednesday. The blockchain data analytics […]
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