ImmuneFi Report: Crypto Hacks and Rug-Pulls Double in Q2 2024, Causing $573 Million in Losses

CoinMarketCap06-30 20:54

Crypto sector losses from hacks and rug-pulls in Q2 2024 doubled compared to Q2 2023, according to data from the ImmuneFi Report. The security platform’s analysis reveals that the industry suffered ...

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The security platform’s analysis reveals that the industry su","collect":0,"end_time":0,"defaultTopTitle":"coinmarketcap.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4512":"苹果概念","BK4588":"碎股","STX":"希捷科技","IE00B19Z9P08.USD":"LEGG MASON CLEARBRIDGE US AGGRESSIVE GROWTH \"A\" (USD) INC","BK4170":"电脑硬件、储存设备及电脑周边","IE00B19Z9Z06.USD":"Legg Mason ClearBridge - US Aggressive Growth A Acc USD","BK4585":"ETF&股票定投概念","IE00B894F039.SGD":"Legg Mason ClearBridge - US Aggressive Growth A Acc SGD-H"},"translate_title":"ImmuneFi报告：2024年第二季度加密货币黑客和欺诈行为翻倍，造成5.73亿美元损失","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"STX":1},"content_text":"Crypto sector losses from hacks and rug-pulls in Q2 2024 doubled compared to Q2 2023, according to data from the ImmuneFi Report. \n\nThe security platform’s analysis reveals that the industry suffered losses of nearly $573 million due to malicious attacks in Q2 2024.\nOf the total loss in Q2 2024, a staggering $564,238,811 was lost to attacks across 53 specific incidents, while $8,450,050 was looted via fraud across 19 given incidents. This marks a 112% growth from the previous time frame, when scammers and hackers looted $265,481,519. \nThe report highlighted that Centralized Finance (CeFi) was the primary target, accounting for 70% of successful attacks. The DeFi market experienced 30% of the hacks. Ethereum and BNB Chain were the most frequently attacked blockchains, with Ethereum suffering 34 incidents and BNB Chain 18. Arbitrum followed with 4 incidents.\nDMM Bitcoin, BtcTurk, Hedgey, Lykke, and Gala Games accounted for the top five losses. According to the report, each platform lost $305 million, $55 million, $44 million, and $23.6 million, respectively. DMM Bitcoin, a Japanese-based crypto trading platform, had the largest individual attack for the quarter, contributing 62.8% of the overall losses.  \nIn related developments, Alex Lab, a renowned Bitcoin L2 developer, recently suggested that the $4 million hack it suffered in May might be linked to the notorious North Korean hacking collective Lazarus Group. The attack, which occurred on May 16, targeted Alex Lab’s BNB Smart Chain bridge. The hackers focused on stealing about 13.7 million Stacks (STX) coins, conducting over 11,800 STX transactions before transferring the stolen assets through various DeFi platforms.\nIf you want to read more news articles like this, visit DeFi Planet and follow us on Twitter, LinkedIn, Facebook, Instagram, and CoinMarketCap Community.\n“Take control of your crypto portfolio with MARKETS PRO, DeFi Planet’s suite of analytics tools.”\nThe post ImmuneFi Report: Crypto Hacks and Rug-Pulls Double in Q2 2024, Causing $573 Million in Losses appeared first on DeFi Planet.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.24.2","shortVersion":"4.24.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2447739608"}