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ImmuneFi 2024 wrap-up: crypto losses from major attacks down 17% year-on-year

Author: Content Editor
The crypto security firm ImmuneFi has reported a 17% decrease in losses from major attacks in 2024, estimating a total of $1.49 billion in crypto losses for the year. North Korean hackers may have taken in up to $1.34 billion of these losses. The biggest attack was on Orbit Bridge, resulting in over $81.8 million in losses. While attacks have slowed down in the second half of the year, they are becoming more sophisticated. Centralized exchanges faced the most attacks, accounting for over 48% of all hacks. Ethereum was the most targeted blockchain, followed by Binance Smart Chain and Arbitrum. Hacks accounted for 98.1% of attacks, while scams and frauds took away over $28 million. However, frauds are down by 99.8% in Q4 compared to the same quarter in 2023. Overall, hacks have decreased, but the impact on projects can still be severe in terms of market value and reputation.

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