CandleFocus

From DMM Bitcoin to the US Government: Largest Crypto Exploits and Hacks of 2024

Author: Content Editor
In 2024, the amount of stolen funds from crypto hacks has surpassed the previous year's total, reaching over $2.2 billion by Q3. The thefts were not limited to decentralized finance but also targeted centralized crypto exchanges. Some notable heists include DMM Bitcoin losing $308 million worth of BTC, PlayDapp losing $290 million in PLA tokens, WazirX losing close to $235 million, and Ripple co-founder Chris Larsen experiencing an unauthorized access to his personal XRP accounts. The year also saw significant DeFi breaches, such as the Orion Chain exploit where $80 million was drained, and the sophisticated hack on Radiant Capital that resulted in the loss of $50 million in tokens. Even the Feds were targeted, with over $20 million worth of stablecoins and Ethereum disappearing from a government wallet. Despite some funds being returned, the whereabouts of the rest of the stolen crypto remain unknown. Hackers have become more sophisticated and continue to accumulate billions of dollars from crypto exploits.

Related News