US$1.2bn in cryptocurrency, DeFi losses in H1 of 2024 due to hacks, scams, & exploits

Substantial losses in the crypto and decentralized finance (DeFi) sectors YTD amounting to USD 1.19billion.

The report comes via Finance Magnates: citing a report from blockchain security firm CertiK:

• phishing attacks emerged as the most damaging vector, accounting for $497.7 million in losses across 150 incidents.

  “Q2 2024 experienced the highest losses since Q3 of the previous year, despite a relatively quiet quarter in which the markets mostly consolidated the gains from Q1,”

More at the link, above.

This article was written by Eamonn Sheridan at www.forexlive.com.