Crypto Hacks, Rug Pulls Led to $473M Worth of Losses in 2024: Immunefi
In 2024, cryptocurrency worth over $473 million was lost in 108 incidents due to hacks and rug pulls, as per a report by Immunefi. In May, $52 million was stolen, primarily from Gala Games and SonneFinance, which were hacked for $21 million and $20 million respectively. This total represents a 12% decrease from May 2023. The decentralized finance (DeFi) market was the main target for hackers, while centralized finance companies saw no attacks in 2024. In 2023, over $2 billion was lost to hacks and exploits, about half of the total from the previous year. North Korean hacking group Lazarus accounted for $3 billion in crypto losses over six years. Ethereum saw the most hacks, with 9 incidents making up 43% of total losses, followed by BNB Chain with 19% of the total.
