COINTURK NEWSCOINTURK NEWSCOINTURK NEWS
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Search
© 2024 COINTURK NEWS. All Rights Reserved.
Reading: Crypto Security Concerns Surge as Losses Soar to $3 Billion
Share
Languages
  • TürkçeTürkçe
  • EspañolEspañol
Font ResizerAa
COINTURK NEWSCOINTURK NEWS
Font ResizerAa
Search
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
COINTURK NEWS > Cryptocurrency Security > Crypto Security Concerns Surge as Losses Soar to $3 Billion
Cryptocurrency Security

Crypto Security Concerns Surge as Losses Soar to $3 Billion

In Brief

  • Crypto losses reached $3.01 billion, marking a significant increase.

  • Decentralized finance protocols were heavily targeted by hackers.

  • Rescue efforts recovered only a small portion of the stolen assets.

Ömer Ergin
Ömer Ergin 4 months ago
Share
SHARE

Alarm bells continue to ring in the realm of crypto security. According to an annual report published by PeckShield, total losses reached $3.01 billion in 2024, marking a 15% increase from the $2.61 billion lost in 2023. Remarkably, $488.5 million of the stolen cryptocurrency was recovered.

Contents
Rising Cyber Attacks on CryptocurrencyMajor Hacks Throughout the Year

Rising Cyber Attacks on Cryptocurrency

The report indicates that the crypto market suffered $2.15 billion in losses due to hacking incidents in 2024. Additionally, $834.5 million was attributed to fraud and other malicious activities. PeckShield highlighted the vulnerabilities within the crypto market that were exploited during the attacks.

Crypto Attack Incidents

Compared to previous years, hack attacks have increasingly targeted decentralized finance (DeFi) protocols. In 2024, decentralized protocols became the most affected area due to hacking incidents. The data reveals that fraudulent cases accounted for 71% of the total losses, continuing to present significant opportunities for attackers.

Major Hacks Throughout the Year

The ten largest hacking incidents in the crypto market during 2024 resulted in hundreds of millions of dollars in losses. Notably, the DMM Bitcoin $108,879 hack stood out with a loss of $305 million, followed by PlayDapp at $290 million and a Bitcoin scam totaling $238 million.

Rescue efforts following the hacks and frauds remained limited. Although $488.5 million of the stolen assets were recovered, this represents only a small fraction of the total losses. DeFi users, in particular, continue to be heavily impacted by such incidents.

The security issues within the crypto market underscore the need for users to exercise greater caution. The PeckShield report emphasizes the necessity for more regulations and security measures.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

You Might Also Like

Meta Takes Action to Combat Rising Fraud on Social Media Platforms

The Shocking Story of How an X Account Hack Sent Bitcoin Prices Soaring

Protect Your Cryptocurrency: Strengthen Your Online Security with CZ’s Tips!

Lido Swiftly Secures Its Network After Critical Oracle Breach

Crypto Market Faces Severe Security Breaches in April

Ömer Ergin 9 January, 2025 - 4:45 pm 9 January, 2025 - 4:45 pm
Share This Article
Facebook Twitter
Share
Previous Article El Salvador’s President Hints at Bitcoin Buying Opportunities
Next Article Fidelity’s Record Bitcoin and Ethereum ETF Withdrawals Shock Markets
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Stay Connected

8.1k Like
21.1k Follow
1.1k Follow

Latest News

Trump Shakes the Markets with Controversial Decisions
Cryptocurrency News
The US Senate Prepares a New Crypto Law That Might Define Industry Standards
Cryptocurrency News
U.S. Dominates Bitcoin Scene in Digital Power Struggle
Bitcoin (BTC)
Pantera Capital Embraces Dynamic Crypto Investment Model on Solana
DeFi News Solana (SOL)
//

COINTURK was launched in March 2014 by a group of technology enthusiasts who believe that Bitcoin will be as important as the internet in the world of the future thanks to the amazing technology underlying it.

CRYPTOCURRENCY LIVE PRICES

  • Bitcoin (BTC) Live Price
  • Ethereum (ETH) Live Price
  • Ripple (XRP) Live Price
  • Solana (SOL) Live Price
  • Dogecoin (DOGE) Live Price
  • Cardano (ADA) Live Price
  • Chainlink (LINK) Live Price

OUR PARTNERS

  • COINMARKETCAP
  • COINGECKO
  • BITCOINHABER
  • BH NEWS
  • 21MILYON
  • NEWSLINKER

OUR COMPANY

  • About Us
  • Cookie Policy
  • Advertising
  • Contact
COINTURK NEWSCOINTURK NEWS
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
Welcome Back!

Sign in to your account

Lost your password?