• About Us
  • Careers
  • Contact
No Result
View All Result
Monday, October 6, 2025
DeFi Planet
  • News
    • People
    • Business
    • Crime
    • Regulation
    • Crypto
    • CBDC
  • Market Analysis
    • Bitcoin
    • Ethereum
    • Stablecoins
    • Altcoins
    • Crypto ETFs
    • Memecoins
  • Policy
  • Articles
    • Press Releases
    • Opinion
    • Explainers
    • Guest Post
    • Sponsored
  • Directory
    • Companies
    • People
    • Products
    • Wallets
  • Multimedia
    • Videos
    • Podcasts
  • Learn
    • DeFi Basics
    • Tutorials
    • Reviews
    • Blockchain Fundamentals
  • Research
    • Case Studies
  • Explore
    • DeFi
    • Crypto Gaming
    • NFT
    • DAO
    • Metaverse
    • Glossary
  • Jobs
  • Markets Pro
    • DeFi Planet Pro
    • Spend Crypto
    • Swap Crypto
    • Coin Prices
    • Crypto Exchanges
    • Crypto Analyzer
  • News
    • People
    • Business
    • Crime
    • Regulation
    • Crypto
    • CBDC
  • Market Analysis
    • Bitcoin
    • Ethereum
    • Stablecoins
    • Altcoins
    • Crypto ETFs
    • Memecoins
  • Policy
  • Articles
    • Press Releases
    • Opinion
    • Explainers
    • Guest Post
    • Sponsored
  • Directory
    • Companies
    • People
    • Products
    • Wallets
  • Multimedia
    • Videos
    • Podcasts
  • Learn
    • DeFi Basics
    • Tutorials
    • Reviews
    • Blockchain Fundamentals
  • Research
    • Case Studies
  • Explore
    • DeFi
    • Crypto Gaming
    • NFT
    • DAO
    • Metaverse
    • Glossary
  • Jobs
  • Markets Pro
    • DeFi Planet Pro
    • Spend Crypto
    • Swap Crypto
    • Coin Prices
    • Crypto Exchanges
    • Crypto Analyzer
No Result
View All Result
DeFi Planet
No Result
View All Result

PeckShield Data Reveals $2.15 Billion Lost to Hacks, $834.5 Million to Scams in 2024

11 January 2025
in Crypto, News
Reading Time: 3 mins read
107 4
Home News Crypto

In 2024, crypto-related hacks and scams caused the industry to lose $3.01 billion, marking a 15% increase from the previous year’s $2.61 billion, according to PeckShield’s data in a January 9 X post.

The data showed that out of $3.01 billion in losses, $2.15 billion were due to hacks, while scams accounted for $834.5 million. Approximately $488.5 million of the stolen funds were recovered. According to PeckShield, over 70% of the $3.01 billion in losses were caused by hacks, with scams making up the remaining 30%. DeFi protocols continue to be the primary target, consistently experiencing more significant losses than centralized finance year after year.

Some of the largest crypto heists in 2024 include the $305 million hack of DMM Bitcoin, followed by PlayDapp ($290 million) and a BTC scam that took $238 million. Other notable breaches targeted WazirX ($230 million) and Gala Games ($212 million). Monthly data reveals that May was the most devastating month of 2024, with losses reaching $662.2 million. July and August also saw significant losses, exceeding $280 million each. However, the latter months declined, with December recording the lowest losses at $46.5 million.

As analysts at Web3 security firm Hacken highlighted, attacks targeting access control vulnerabilities rose in 2024. These flaws were responsible for 78% of the losses, impacting various sectors such as decentralized finance, centralized finance, and gaming/metaverse platforms.

This news builds on earlier reports of a significant decline in crypto hacks, with December 2024 losses falling 70% to $24.69 million. The most considerable breach involved LastPass, which lost $12.38 million, followed by Yeti Finance, GemPad, and FEG, each losing about $2.2 million. December’s losses marked one of the lowest of the year, in stark contrast to the peak of $574.65 million in April. Stolen funds were traced through various platforms, including Ethereum, USDC, and Bitcoin, with some linked to the sanctioned mixer Tornado Cash.

 

If you want to read more news articles like this, visit DeFi Planet and follow us on Twitter, LinkedIn, Facebook, Instagram, and CoinMarketCap Community.

“Take control of your crypto portfolio with MARKETS PRO, DeFi Planet’s suite of analytics tools.”

Don't miss out!

Subscribe To Our Newsletter

Receive top education news, lesson ideas, teaching tips and more!
Invalid email address
Give it a try. You can unsubscribe at any time.
Thanks for subscribing!
Tags: CryptoPeckshield
Share64Tweet40Share11
Previous Post

Can Web3Bay Eclipse Dogecoin & Bitget in 2025? What You Need to Know About Its Presale!

Next Post

Top Meme Coin Presales to Buy Now: Shiba Inu’s ICO Was Epic—But BTFD Coin’s 90% APY Is the Real Jackpot!

Jewel Buddy

Jewel Buddy

Buddy Jewel is a finance writer specializing in cryptocurrency news. With a keen eye on the latest developments in the digital asset space, I provides insightful and timely updates on the ever-evolving world of crypto.

Related Posts

source: datawallet.com
Crypto

BNB Chain, Solana, and Avalanche Lead Q3 Growth as Altcoin Networks Expand

3 October 2025
source: iq.wiki
AI

IoTeX Launches Real-World AI Foundry to Fuse Blockchain, AI and Live Data

3 October 2025
source: moneytimes.com.br
Business

OSL Pay and Banxa Expand Alliance to Power Institutional Web3 Payments

3 October 2025
soure
Crypto

BNB Hits Record High as Network Activity and Upgrades Fuel Rally

3 October 2025

Editors Picks

Mining vs. Staking: Which Crypto Validation Method Will Shape the Future?

Mining vs. Staking: Which Crypto Validation Method Will Shape the Future?

byOlajumoke Oyaleke
15 July 2025
0

Where Are the Ethereum-Killers Now?

Where Are the Ethereum-Killers Now?

byOlayinka Sodiqand1 others
6 January 2025
0

source: investorplace.com

How to Find the Newest Cryptocurrencies Before They’re Listed

byOlayinka Sodiq
30 December 2024
0

Exploring the Role of AI in Enhancing DeFi Security

Exploring the Role of AI in Enhancing DeFi Security

byOlayinka Sodiq
1 October 2024
0

The Ultimate Guide to How NFT Royalties Work

The Ultimate Guide to How NFT Royalties Work

byAdedamola Ojedokun
17 April 2024
0

Read More

Chain of Thoughts

The Aesthetics of Web3: Why Vibe Matters in Decentralized Communities

The Aesthetics of Web3: Why Vibe Matters in Decentralized Communities

byOlu Omoyele
27 September 2025
0

...

Zero-Knowledge Everything: Trust, Privacy, and Verification in the Digital Age

Zero-Knowledge Everything: Trust, Privacy, and Verification in the Digital Age

byOlu Omoyele
30 August 2025
0

...

What Happens When AI Gets a Wallet?

What Happens When AI Gets a Wallet?

byOlu Omoyele
31 July 2025
0

...

The Game-changing Triumvirate: Blockchain, Data Science, and Artificial Intelligence

The Game-changing Triumvirate: Blockchain, Data Science, and Artificial Intelligence

byOlu Omoyele
30 June 2025
0

...

Markets Update

Your Weekend Crypto Roundup | October 2025 (Week 1)

3 days ago

What $1 Billion in Liquidations Means for Market Stability

5 days ago

Why Crypto’s Cross-Chain Future Depends on Regulatory Readiness

5 days ago

MicroStrategy’s Debt-Fueled Bitcoin Buys: Smart Treasury Move or Dangerous Precedent?

5 days ago

XRP Reserves Spiked by 1.2B: What Does This Mean for Market Adoption?

5 days ago

Is Crypto Adoption Strongest Where Fiat Is Weakest?

5 days ago
Read More

Events

Blockchain Life 2025
Blockchain Life 2025
28 Oct 25

Spotlight

All about Ethereum
All about Algorand
All about Bitcoin
All about Gora

Press Releases

Cango Inc. Announces September 2025 Bitcoin Production and Mining Operations Update

bychainwire
6 October 2025
0

Psy Protocol Testnet Combines Internet Scale and Speed with Bitcoin-Level Security

bychainwire
2 October 2025
0

Eightco Holdings Inc. ($ORBS) Expands Investor Access with Options Trading

bychainwire
2 October 2025
0

Codego Launches Whitelabel Devices Bringing Tokens Into Daily Life

bychainwire
2 October 2025
0

Solo Leveling Levels Up: Korean Billion-Dollar Megafranchise Goes Onchain with Story

bychainwire
1 October 2025
0

Read More

ADVERTISING

ABOUT

TEAM

CAREERS

CONTACT

TERMS & CONDITIONS

PRIVACY POLICY

© Copyright 2025 DeFi Planet

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Please enter and activate your license key for Cryptocurrency Widgets PRO plugin for unrestricted and full access of all premium features.

Add New Playlist

No Result
View All Result
  • News
    • People
    • Business
    • Crime
    • Regulation
    • Crypto
    • CBDC
  • Market Analysis
    • Bitcoin
    • Ethereum
    • Stablecoins
    • Altcoins
    • Crypto ETFs
    • Memecoins
  • Policy
  • Articles
    • Press Releases
    • Opinion
    • Explainers
    • Guest Post
    • Sponsored
  • Directory
    • Companies
    • People
    • Products
    • Wallets
  • Multimedia
    • Videos
    • Podcasts
  • Learn
    • DeFi Basics
    • Tutorials
    • Reviews
    • Blockchain Fundamentals
  • Research
    • Case Studies
  • Explore
    • DeFi
    • Crypto Gaming
    • NFT
    • DAO
    • Metaverse
    • Glossary
  • Jobs
  • Markets Pro
    • DeFi Planet Pro
    • Spend Crypto
    • Swap Crypto
    • Coin Prices
    • Crypto Exchanges
    • Crypto Analyzer

© Copyright 2024 DeFi Planet   |   Terms & Conditions   |   Privacy Policy

-
00:00
00:00

Queue

Update Required Flash plugin
-
00:00
00:00