#BSCProjectSpotlight Crypto Hacking Losses Increased to $2.2 Billion in 2024

In 2024, the total funds stolen due to hacks in the crypto industry rose to $2.2 billion, a 21% increase compared to the previous year. A report from Chainalysis stated that cyber attacks on crypto platforms have become more sophisticated, with most cases involving compromised private keys targeting centralized exchanges. Some of the largest incidents include the theft of over $305 million from the DMM Bitcoin exchange in Japan and $235 million from WazirX in India. Additionally, North Korean hackers contributed to over $1.3 billion in stolen digital assets, doubling from the previous year. This report further underscores the need for strengthening security systems in the crypto industry to protect user funds and prevent exploitation by hacker groups.