Bad actors inflicted more than $3.01 billion in losses on the crypto industry in 2024, according to analysts at PeckShield.

#PeckShieldAlert 2024 has witnessed a significant resurgence in crypto-related hacking activities. The total value of loss in 2024 has exceeded $3.01B, reflecting a ~15% increase over the $2.61B stolen in 2023.
This total includes $2.15B stolen from crypto hacks and $834.5M… pic.twitter.com/l58x17TE5m
— PeckShieldAlert (@PeckShieldAlert) January 9, 2025

The experts noted a 15% increase in damages compared to 2023’s figure of $2.61 billion. In 2022, total losses stood at $3.15 billion.

Out of more than 300 recorded hacker attacks, $2.15 billion was lost—30% more than the previous year. The remaining $834.5 million was attributed to scam operations.

Blockchain Breakdown

Ethereum accounted for 47.3% of the total funds stolen this year, involved in 34.8% of the hacks.
Bitcoin ranked second by total losses (14.6%) but fourth by number of exploits (3.6% of all incidents).

DeFi Remains a Prime Target
Experts observed that 53.5% of all losses were linked to hacks against decentralized finance protocols.

Additionally, 2024 saw a rise in user-side mistakes involving cybersecurity lapses and poor private key management. Such incidents grew to 44% of all attacks—up from 33% in 2023.

Major Incidents