Crypto Comedy: DeFi Drama Hits $71M, But BNB Chain Steals the Show!
Crypto losses in November 2024 dropped 79% from 2023, totaling $71 million. DeFi projects took the hit, with BNB Chain leading in attack targets. Despite a 15% annual reduction, $1.48 billion was still lost this year. Immunefi’s report highlights ongoing risks, urging continued vigilance in crypto security efforts.
Hot Take:
Looks like the crypto world is taking a page out of the dieting handbook – shedding a few billion in losses and still looking for that perfect cybersecurity shake to keep the hacks at bay! Though it’s not all sunshine and rainbows, at least we’re not in full-on rug-pull panic mode anymore. Time to put a ‘Lost Funds’ jar on the blockchain and watch the savings grow!
Key Points:
- Crypto losses in November 2024 were $71 million, a 79% decrease from November 2023.
- DeFi projects accounted for all losses, with no major CeFi incidents reported.
- BNB Chain was the top target, hosting 46.7% of incidents.
- 99.96% of funds lost were due to hacking; rug pulls were minimal.
- Year-to-date losses in 2024 totaled $1.48 billion, showing a 15% reduction from 2023.
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