Crypto Chaos: 2024’s $1.49 Billion Hack Attack – DeFi’s Unwanted Spotlight
Crypto losses in 2024 hit $1.49 billion, mostly from hacks. November saw $71 million in losses, a 79% drop from last year. Immunefi’s report shows 209 incidents this year, with DeFi platforms like Thala Labs and DEXX leading the pack. BNB Chain faced the most attacks, proving it’s the hacker’s favorite playground.
Hot Take:
Ah, the ever-entertaining world of cryptocurrency, where every day is like a dramatic episode of a soap opera. This time, it’s hackers making it rain with over $1 billion in crypto losses. But hey, at least it’s only $1.49 billion this year—progress, right? The only thing more predictable than these hacks is the fact that rug pulls are still a thing. Maybe next year, crypto will start a new trend: responsible investing. One can dream!
Key Points:
- Crypto losses in 2024 total $1.49 billion, a drop from $1.75 billion in 2023.
- November saw $71 million in losses, with hacks accounting for $70,996,200.
- Thala Labs was hit hardest but recovered $25.5 million in funds.
- All incidents in November involved DeFi, with BNB Chain suffering the most attacks.
- Rug pulls are still a minor issue compared to hacking incidents.