2024 was a remarkable year for the crypto industry, with Bitcoin crossing the $100,000 mark, the market surging, and a surge in crypto adoption worldwide spurned by Donald Trump’s victory. The year was not without drama either, as 2024 saw major hacking incidents at some of the largest crypto exchanges/companies that had far-reaching implications.
According to a report by Chainalysis, hackers lost over $2.2 billion in 303 hacking incidents in 2024, representing a 21.07% increase in such incidents year-over-year. Additionally, individual hacking incidents increased from 282 in 2023 to 303 in 2024.
2024 marks the fifth consecutive year in which the amount of stolen cryptocurrencies reached the billion dollar mark (2018, 2021, 2022, 2023 and 2024). Hacking activity peaked at the start of the year: $1.58 billion had been stolen by July, including the infamous WazirX hack, and the figure was 84.4% higher…
