More than $200 million worth of cryptocurrencies will be lost to hacks and rug pulls in 2024 (YTD) out of 32 events, according to a Feb. 29 research report by blockchain security firm Immunefi.
The loss of more than $200 million YTD represents a 15.4% increase compared to January and February 2023, when $173 million in digital assets were stolen.
In February, more than $67 million worth of crypto was found to have been stolen in 12 hacking and fraud incidents, representing a nearly 50% drop from January’s $133 million.
The majority of stolen money this year, or $32.3 million, was lost during a cyberattack on crypto gaming platform PlayDapp. Decentralized exchange FixFloat was the second biggest theft at $26.1 million, with DeFi continues to be a top exploitation target in February. Meanwhile, the centralized financial protocol did not experience a single major attack during the month.
Ethereum was the network most targeted by hackers in February, followed by Binance’s BNB Chain and the Bitcoin network. Ethereum It suffered 12 attacks, accounting for more than 85% of the total value lost this year. The Bitcoin and BNB Chain networks experience one event at a time.
refer : cointelegraph.com
picture pcmag.com
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