CertiK’s latest encryption security report indicates that in the first half of 2024, on-chain security incidents resulted in a total loss of $1.19 billion USD. According to the report, a significant portion of these losses stemmed from phishing attacks ($49.8 billion USD) and private key leaks ($40.89 billion USD).
The following image provides detailed insights into various types of cyber attacks and their economic impacts.
Among the security vulnerabilities in 2024, the most severe in the second quarter was the DMM Bitcoin attack, resulting in losses of $30.4 billion USD (4,502.9 BTC), ranking among the most significant hacker attacks in history.
Earlier this year, Ripple co-founder Chris Larsen shared that his personal Ripple account, not the company’s account itself, was compromised, resulting in a loss of $11.25 billion USD.
Read more:
Following a cyber attack, token prices plummeted by 15%, resulting in user losses of $80,000 USD.
Additionally, BtcTurk, a cryptocurrency exchange in Turkey, experienced a targeted network attack on its hot wallet, resulting in losses of $900,000 USD.
