Cryptocurrency securityAlarm bells continue to ring. PeckShield According to the annual report published by , the total loss reached 3.01 billion dollars in 2024. This resulting figure is approximately 15 percent more than the $2.61 billion loss experienced in 2023. $488.5 million of the stolen cryptocurrencies were recovered.
Hack Attacks on Cryptocurrencies Continue to Increase
According to the report, in 2024 cryptocurrency marketThere was a loss of $2.15 billion in hacking attacks. Additionally, $834.5 million was due to fraud and other malicious activities. PeckShield drew attention to the vulnerabilities in the cryptocurrency market in the attacks that took place in 2024.
Compared to previous years hacking attacks It focused mainly on decentralized finance (DeFi) protocols. Decentralized protocols were the area most affected by hacking attacks in 2024. According to the data, the rate of fraud cases reached 71 percent of total losses. Vulnerabilities in DeFi protocols continued to present great opportunities for attackers.
Major Hack Attacks During the Year
cryptocurrency marketThe 10 largest hacking attacks in 2024 resulted in losses of hundreds of millions of dollars in total. Among these attacks, 305 million dollars DMM Bitcoin 
$93,505.3 hack came to the fore. $290 million PlayDapp and 238 million dollars Bitcoin followed the scam.
Recovery efforts following hack attacks and frauds were limited. Although $488.5 million of the stolen assets were recovered, the recovered assets represent only a small portion of the total losses. Especially DeFi users continue to be affected by such events.
Security issues in the cryptocurrency market reveal that investors need to act more carefully. PeckShield’s report underscores the need for greater regulation and security measures.
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 carry out their transactions in line with their own research.
