PeckShield's report reveals that total crypto losses in 2024 reached $3.01 billion, driven by $2.15B in hacks and $834.5M in scams—up 15% from 2023. The DeFi sector suffered the most, with May seeing the highest monthly loss of $662.2M. Major heists included the DMM Bitcoin breach ($305M) and the PlayDapp exploit ($290M). However, $488.5M in stolen assets were recovered.

Despite a drop in losses to $28.6M in December, phishing remains a major threat. Notably, hackers exploited Animoca Brands’ CEO Yat Siu’s X account, stealing $500K. Phishing campaigns continue to evolve, with fake job offers and malware-laced apps targeting users.