{"id":20411,"date":"2024-07-01T19:07:35","date_gmt":"2024-07-01T19:07:35","guid":{"rendered":"https:\/\/buycrypt.com\/blog\/?p=20411"},"modified":"2026-07-14T15:51:43","modified_gmt":"2026-07-14T15:51:43","slug":"good-news-losses-from-hacks-and-fraud-down-20-in-2024","status":"publish","type":"post","link":"https:\/\/buycrypt.com\/blog\/en\/good-news-losses-from-hacks-and-fraud-down-20-in-2024\/","title":{"rendered":"Good News? Losses from Hacks and Fraud Down 20% in 2024"},"content":{"rendered":"<p><em><strong>DeFi continued to be the primary venue for exploits in May while CeFi remained untouched.<\/strong><\/em><\/p>\n<p>Losses from hacks and rug pulls in 2024 year-to-date amount to over $473 million across 108 incidents, according to Immunefi\u2019s latest data. This marks a 20% decrease compared to the same period in 2023, which saw losses of more than $595 million.<\/p>\n<p>In May 2024, victims of hacks and fraud lost $52.4 million across 21 incidents, a 12% decrease from May 2023\u2019s losses of almost $60 million and a 28% decrease month over month.<\/p>\n<p>The crypto bug bounty platform\u2019s report observed that a majority of the losses in May were from two projects: Gala Games, a crypto gaming project that lost $21 million, and SonneFinance, a decentralized lending protocol that lost $20 million.<\/p>\n<p>During the same period, decentralized finance (DeFi) was the primary target for exploits, while its centralized counterparts, CeFis, did not experience any major attacks.<\/p>\n<p>Immunefi stated that hacks were the main cause of losses compared to fraud. A total of $50.6 million was lost due to hacks across 14 incidents. Seven fraud events in May resulted in losses of $1.75 million.<\/p>\n<p>Additionally, Ethereum and BNB Chains were the most targeted chains in May 2024, representing 62% of the total losses across targeted chains.<\/p>\n<p>Ethereum experienced the highest number of attacks, with nine incidents accounting for 43% of the total losses across targeted chains. Next up was BNB Chain, which recorded four incidents, making up 19% of the total.<\/p>\n<p>Meanwhile, Base, Arbitrum, Solana, TON, Blast, Fantom, Optimism, and Polygon each had 1 incident, with each accounting for 4.8% of the total.<\/p>\n<p>Source: www.cryptopotato.com<\/p>\n<p><!-- related-seo --><\/p>\n<div class=\"related-seo\">\n<h3>Related articles<\/h3>\n<ul>\n<li><a href=\"https:\/\/buycrypt.com\/blog\/en\/centralized-exchanges-reclaimed-by-hackers-as-ransomware-payments-soar-in-2024-chainalysis\/\">Centralized Exchanges Reclaimed by Hackers as Ransomware Payments Soar in 2024: Chainalysis<\/a><\/li>\n<li><a href=\"https:\/\/buycrypt.com\/blog\/en\/ethereum-and-the-new-major-hack-of-46-5-million-what-happened-and-whats-next\/\">Ethereum and the New Major Hack of $46.5 Million: What Happened and What&#8217;s Next?<\/a><\/li>\n<li><a href=\"https:\/\/buycrypt.com\/blog\/en\/binance-secured-over-73m-in-stolen-funds-from-hacks-in-2024\/\">Binance Secured Over $73M in Stolen Funds from Hacks in 2024<\/a><\/li>\n<\/ul>\n<\/div>\n<p><!-- \/related-seo --><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In 2024, losses from hacker attacks and fraud will decrease by 20% compared to 2023. DeFi remains the main target for exploits.<\/p>\n","protected":false},"author":1,"featured_media":20421,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rank_math_title":"Hacker Attack Losses to Decrease by 20% in 2024","rank_math_description":"Discover how losses from hacker attacks and fraud will drop by 20% in 2024. Read the latest news and insights on buycrypt.","rank_math_focus_keyword":"hacker attack losses 2024","_forpost_external_id":"","_seorun_article_id":"","footnotes":""},"categories":[369],"tags":[7825,1014,4048,10752,5358],"class_list":["post-20411","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-en","tag-7825","tag-defi-en","tag-fraud","tag-hacker-attacks","tag-losses","resize-featured-image"],"lang":"en","translations":{"en":20411,"uk":20412,"ru":20413},"pll_sync_post":[],"_links":{"self":[{"href":"https:\/\/buycrypt.com\/blog\/wp-json\/wp\/v2\/posts\/20411","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buycrypt.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buycrypt.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buycrypt.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buycrypt.com\/blog\/wp-json\/wp\/v2\/comments?post=20411"}],"version-history":[{"count":3,"href":"https:\/\/buycrypt.com\/blog\/wp-json\/wp\/v2\/posts\/20411\/revisions"}],"predecessor-version":[{"id":47660,"href":"https:\/\/buycrypt.com\/blog\/wp-json\/wp\/v2\/posts\/20411\/revisions\/47660"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buycrypt.com\/blog\/wp-json\/wp\/v2\/media\/20421"}],"wp:attachment":[{"href":"https:\/\/buycrypt.com\/blog\/wp-json\/wp\/v2\/media?parent=20411"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buycrypt.com\/blog\/wp-json\/wp\/v2\/categories?post=20411"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buycrypt.com\/blog\/wp-json\/wp\/v2\/tags?post=20411"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}