Report: Crypto hacks and fraud have cost $473 million so far this year

PANews reported on May 30 that according to a report provided by security service provider Immunefi, 108 hacking incidents occurred in 2024, resulting in the loss of more than $473 million worth of cryptocurrency. In May alone, $52 million was stolen, most of which came from Gala Games and Sonne Finance, which were hacked for $21 million and $20 million, respectively. This is a 12% drop compared to May 2023.

The report stated that the decentralized finance (DeFi) market remains the main attack vector for hackers, while centralized financial companies did not suffer a single attack in 2024. Ethereum suffered the most hacker attacks, with a total of 9 incidents, accounting for 43% of the total losses. BNB Chain ranked second, accounting for 19% of the total.