According to newly released data, crypto hackers in 2024 surpassed the statistics of the previous year and stole over $2.3 billion in digital currency, which is a concerning sign for the industry’s public acceptance. The surge in crypto hacks is mainly attributed to the increased appeal of digital currencies following Bitcoin’s price crossing $100,000. Cyvers security company reports that crypto hackers over the past year stole more than $2.3 billion in assets through 165 theft incidents, showing a 40% growth from the $1.69 billion in stolen cryptocurrencies reported for 2023. This 40% increase is primarily due to increased access violations, especially in centralized exchanges (CEXs) and digital asset custodians. Cyvers CEO stated that these incidents were often facilitated by compromised private keys and poorly managed key systems, exemplified by high-profile wallet hacks. Access vulnerabilities accounted for $1.9 billion in cryptocurrency theft across 67 security incidents, representing over 81% of the total stolen amount in crypto hacks in 2024. Additionally, 98 attacks on smart contracts led to the theft of $456 million in cryptocurrencies, ranking second with 19%. Despite this increase, the $2.36 billion amount stolen is still 37% lower than the record $3.78 billion stolen in 2022. Meanwhile, security researchers warn of potential North Korean hackers’ attacks on Bitcoin ETFs in 2025, advocating for prioritizing education, collaboration, and innovation in security to significantly reduce these vulnerabilities and cultivate a safer Web 3 ecosystem. Visit the real-time digital currency price page to observe the live prices of all tokens and cryptocurrencies.
