Crypto hacks down by 54.2% in June, $176M lost in a month
May was the biggest month in terms of crypto losses in 2024 so far, with nearly $385 million in net losses suffered from crypto hacks.
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May was the biggest month in terms of crypto losses in 2024 so far, with nearly $385 million in net losses suffered from crypto hacks.
Smart contracts are no longer the biggest concern, as hackers are vying for easier targets, such as private key leaks.
December proved to be the month with the least crypto stolen in 2022, although there were still 23 major incidents, according to CertiK.
While 2021 was the biggest year on record for crypto hacks, 2022 could “likely” beat the record “at this rate” according to Chainalysis.
A rapidly growing crypto market means that hacks and scams are accounting for less overall activity, and their percentage of total usage continues to decline.
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