Crypto Losses of $1.7 Billion Already Surpass Total 2024 Mark: Immunefi
Summary
Crypto users have lost over $1.7 billion to hackers and fraudsters this year, surpassing 2024's total losses. The $1.4 billion theft from Bybit marks the largest hack in crypto history. DeFi networks have been particularly vulnerable, with $92.4 million stolen in April alone. Recent attacks include a $70 million theft from UPCX and $7.5 million from KiloEx. Despite these challenges, DeFi security is improving, with established projects becoming harder to exploit. Ethereum and BNB Chain were the most targeted, accounting for 60% of total blockchain losses.
