August Hacks Exceed $313 Million, Reports PeckShield

Hackers pilfered digital assets worth $313.86 million in over 10 attacks during August, according to a report by PeckShield.

#PeckShieldAlert August 2024 witnessed 10+ hacks in the crypto space, resulting in ~$313.86 million in losses. The 2 largest hacks, both involving unauthorized transfers (#Phishing), accounted for 93.5% of the total stolen funds, amounting to $293.4 million.#Top 5 Hacks in… pic.twitter.com/lIAieHdUqt

— PeckShieldAlert (@PeckShieldAlert) September 1, 2024

The two largest phishing attacks accounted for 93.5% ($293.4 million) of the total funds stolen during the month.

Ranking third in the list of breaches was the hack of the Ronin sidechain, involving $12 million, which the hacker later returned in full.

Earlier, estimates by Immunefi suggested that since the beginning of 2024, the crypto industry has lost over $1.2 billion due to hacks and fraud. According to experts, 77% of hacked cryptocurrencies have not recovered in value.

In August, users of the Telegram wallet transferred funds to compromised addresses listed in a phishing message from the official channel.