{"id":15693,"date":"2024-07-30T18:35:03","date_gmt":"2024-07-30T15:35:03","guid":{"rendered":"https:\/\/forklog.com\/en\/crypto-industry-losses-to-hackers-and-scammers-surpass-1-billion-in-2024\/"},"modified":"2024-07-30T18:35:03","modified_gmt":"2024-07-30T15:35:03","slug":"crypto-industry-losses-to-hackers-and-scammers-surpass-1-billion-in-2024","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/crypto-industry-losses-to-hackers-and-scammers-surpass-1-billion-in-2024\/","title":{"rendered":"Crypto Industry Losses to Hackers and Scammers Surpass $1 Billion in 2024"},"content":{"rendered":"<p>Since the beginning of 2024, cryptocurrency companies have faced 149 incidents of hacks and fraud, resulting in losses exceeding $1.19 billion. This is according to a report by Immunefi, as reported by <a href=\"https:\/\/www.theblock.co\/post\/308273\/crypto-losses-hacks-scams-surpass-1-billion-usd-2024-immunefi\">The Block<\/a>.<\/p>\n<p>In July, hackers obtained $269.4 million through 14 incidents, making it the second most damaging month after May.<\/p>\n<p>The majority of these losses were due to the hack of the Indian exchange WazirX, amounting to $235 million, with North Korean hackers suspected.<\/p>\n<p>The largest incident in the DeFi segment was the exploitation of a vulnerability in the LI.FI protocol, resulting in a $10 million loss.<\/p>\n<p>In July, the targeted networks were Ethereum and BNB Chain, accounting for 71.4% of the total losses.<\/p>\n<p>Immunefi experts noted that in 2024, hacks of <span data-descr=\"centralized finance\" class=\"old_tooltip\">CeFi<\/span> projects remain the most lucrative for hackers\u2014six incidents brought them $636 million. DeFi is attacked more frequently, but the amounts stolen are smaller\u2014$554 million from 143 attacks.<\/p>\n<p>As reported by Immunefi, from April to June, the crypto industry lost approximately $572.7 million in 72 incidents.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Since the beginning of 2024, cryptocurrency companies have faced 149 incidents of hacks and fraud, resulting in losses exceeding $1.19 billion. This is according to a report by Immunefi, as reported by The Block. In July, hackers obtained $269.4 million through 14 incidents, making it the second most damaging month after May. The majority of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":15692,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[44,1644,1252],"class_list":["post-15693","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cybercrime","tag-immunefi","tag-reports"],"aioseo_notices":[],"amp_enabled":true,"views":"9","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/15693","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=15693"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/15693\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/15692"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=15693"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=15693"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=15693"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}