The crypto market experienced a series of major hacks in 2024, resulting in significant losses for several projects. According to Phoenix Group, DMM Bitcoin, WazirX: India, and Munchables were among the projects with the highest losses. These hacks highlighted the increasing sophistication of cybercriminals targeting vulnerabilities in the crypto industry. The affected platforms and investors have been facing challenges in recovering the stolen funds, emphasizing the need for enhanced security measures. DMM Bitcoin suffered the largest loss, with $305 million stolen through a compromised private key. WazirX: India lost $234.9 million through a phishing attack, while Munchables lost $62.5 million through a storage slot exploit. Other affected projects include BtcTurk, Radiant Capital, Hedgey, BingX, Penpie, FixedFloat, and Thala Labs. These incidents underscored the importance of preventing cybercriminal activities in the future.



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