Shocking Crypto Losses in 2024: $1.19 Billion Stolen!

Crypto Security Woes Deepen

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Phishing Attacks Dominate

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Private Key Compromises Costly

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Ethereum: The Most Targeted Blockchain

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Biggest Hack: DMM Bitcoin

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Notable Breaches

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Partial Recovery: $177.8 Million Returned

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Comparing Yearly Losses

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Q2 2024: A Rough Quarter

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What Do You Think?

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Shocking Crypto Losses in 2024: $1.19 Billion Stolen!

Discover the staggering losses in the crypto world and how hackers are exploiting vulnerabilities. Swipe to learn more!

Crypto Security Woes Deepen

In the first half of 2024, the crypto world lost $1.19 billion due to hacks, scams, and exploits, according to CertiK's latest report.

Phishing Attacks Dominate

Phishing attacks caused the most damage, with $497.7 million lost across 150 incidents. It's the biggest threat to crypto security in 2024.

Private Key Compromises Costly

Phishing attacks caused the most damage, with $497.7 million lost across 150 incidents. It's the biggest threat to crypto security in 2024.

Ethereum: The Most Targeted Blockchain

Ethereum suffered 235 security incidents, leading to nearly $400 million in losses, making it the most targeted blockchain in H1 2024.

Biggest Hack: DMM Bitcoin

The largest single incident was an attack on DMM Bitcoin, resulting in a staggering $304.7 million loss.

Notable Breaches

Other significant breaches included a $112.5 million loss by Chris Larsen and a $90 million hack of Turkish exchange BtcTurk.

Partial Recovery: $177.8 Million Returned

Despite the losses, $177.8 million was returned to victims across 18 incidents, reducing net losses to $1.01 billion.

Comparing Yearly Losses

In 2023, the crypto industry lost $2 billion, half of 2022's record $4 billion losses. Despite the decline, 2024 still shows significant risks.

Q2 2024: A Rough Quarter

Q2 2024 saw $688.1 million lost in 184 incidents, a 37% increase from Q1, highlighting the ongoing challenges in crypto security.

What Do You Think?

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