Last Year's Cryptocurrency Hacking Losses Reach $2.2 Billion, Up 22% from Previous Year

Source
YM Lee

Summary

  • It was reported that last year's cryptocurrency hacking losses were $2.2 billion, an increase of 22% compared to the previous year.
  • The largest hacking incidents were said to have occurred at DMM Bitcoin, WazirX, and BingX.
  • This suggests that security vulnerabilities in centralized exchanges are an important investment consideration.

Last year, losses from hacking incidents related to cryptocurrencies were found to be close to $2.2 billion.

On the 1st (local time), cryptocurrency specialized media The Block cited Chainalysis data, reporting that "a total of $2.2 billion in cryptocurrency hacking losses occurred by December 2024. This is an increase of more than 22% compared to 2023 ($1.8 billion)."

The largest hacking incidents occurred in centralized exchange exploits such as DMM Bitcoin ($300 million), WazirX ($230 million), and BingX ($43 million).

publisher img

YM Lee

20min@bloomingbit.ioCrypto Chatterbox_ tlg@Bloomingbit_YMLEE
What did you think of the article you just read?