A report by security service firm Immunefi states that over $473 million worth of cryptocurrencies has been lost to hackers and rug pulls across 108 instances in 2024.$52 million was taken in May alone, most of it from Gala Games and SonneFinance, who had their systems breached for $21 million and $20 million, respectively. The sum represents a 12% drop from May 2023.According to the research, centralized finance organizations did not see a single attack in 2024, however the decentralized finance (DeFi) market continues to be the primary attack vector for hackers.
Cyberattacks and exploits cost nearly $2 billion in revenue last year, about half as much as the year before. The last six years have seen $3 billion in cryptocurrency losses attributable to the North Korean hacker organization Lazarus. With nine hacks accounting for 43% of the total damages, Ethereum had the highest hacking volume. On 19% of the total, BNB Chain ranked second.