Crypto Platforms Suffered $2,200,000,000 in Losses From Hacks in 2024 – But There’s a Catch: Chainalysis

Leading blockchain data analysis firm Chainalysis says hackers stole over $2 billion from crypto platforms this year. Even more alarming, according to the Chainalysis report, stolen funds saw more than a 20% increase from 2023. “Crypto hacking remains a persistent threat, with four years in the past decade individually seeing more than a billion dollars worth of crypto stolen (2018, 2021, 2022, and 2023). 2024 marks the fifth year to reach this troubling milestone, highlighting how, as crypto adoption and prices rise, so too does the amount that can be stolen. In 2024, funds stolen increased by approximately 21.07% year-over-year (YoY) to $2.2 billion, and the number of individual hacking incidents increased from 282 in 2023 to 303 in 2024.” Source: Chainalysis Curiously, however, Chainalysis notes that hacking has slowed dramatically in the second half of 2024. “In our mid-year crime update, we noted that cumulative value stolen between January 2024 and July 2024 had already reached $1.58 billion, approximately 84.4% higher than the value stolen over the same period in 2023… However, 2024’s upward trend slowed considerably after July, after which it remained relatively steady.” Despite the slowdown, Chainalysis also reveals a daunting fact: North Korean hackers stole more crypto in 2024 than ever before. “In 2023, North Korea-affiliated hackers stole approximately $660.50 million across 20 incidents; in 2024, this number increased to $1.34 billion stolen across 47 incidents — a 102.88% increase in value stolen. These figures represent 61% of the total amount stolen for the year, and 20% of total incidents.” Source: Chainalysis Read the full Chainalysis report here . Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Crypto Platforms Suffered $2,200,000,000 in Losses From Hacks in 2024 – But There’s a Catch: Chainalysis appeared first on The Daily Hodl .