Similar Stories to $412 Million Of Crypto Lost To Hacks And Fraud In Q3 Of 2024, Reports Finds on Bing News

The bug bounty platform for blockchain, Immunefi, has published a report on crypto losses in Q3 of 2024, with just over $412 million reported to have been lost from the Web3 ecosystem. In the third quarter, the company writes that $409,906,947 was lost to hacks across 31 specific incidents and the remaining $3,087,552 was due to fraud in three incidents. While that sounds like a staggering number, the total loss of Q3 2024 is actually a 40% decrease from what was seen in Q3 of 2023. The number of individual successful attacks is also said to have “decreased by 54% from 75 in Q3 2023 to 34 in Q3 2024.” The report says “There is nearly $90 billion in capital locked across web3 protocols as of September 2024.” The predominant cause of losses was said to be from hacks, accounting for 99.25% of losses.

BING NEWS:
  • Crypto Thefts Declined 40% In Third Quarter: Report
    The amount of %Cryptocurrency stolen by hackers in this year’s third quarter declined 40% from a year ago, according to a new report from software company %Immunefi. The report states that $412 ...
    09/27/2024 - 3:40 am | View Link
  • $412 Million Lost to Hacks in Q3 2024, Yet Overall Safety Improves
    Immunefi's Q3 2024 report shows $412 million in crypto losses but a 40% drop in hacks and frauds, spotlighting CeFi's vulnerabilities.
    09/26/2024 - 5:06 pm | View Link
  • Crypto Hackers Nabbed $409M in Q3: Immunefi
    The amount of capital locked on decentralized finance (DeFi) protocols represents an "unparalleled and attractive opportunity for blackhat hackers," Immunefi said. There is currently $87.2 billion in ...
    09/26/2024 - 10:05 am | View Link
  • Over $412 Million Lost to Crypto Hacks in Q3: Immunefi
    Immunefi reports $412M in Q3 2024 crypto losses, down 40% from 2023. CeFi hit hardest, with two exchanges losing $287M.
    09/26/2024 - 8:47 am | View Link
  • WazirX and BingX hacks lead Q3, accounting for 69.5% of losses
    Just two hacks accounted for over 69% of the funds lost to cyber criminals in the third quarter of 2024, with WazirX and BingX taking the lead. Blockchain security firm Immunefi released its Q3 2024 ...
    09/26/2024 - 6:25 am | View Link
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