$488.5M in Stolen Crypto Recovered as 2024 Losses Hit $3B: PeckShield

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Jan 12 2025

Should l Buy XMR?

Crypto Security Breaches in 2024: PeckShield's report indicates that crypto-related security breaches have surged in 2024, with losses exceeding $3.01 billion, primarily from hacks and scams, despite a decline in the number of incidents. The DeFi sector remains the most affected, with significant recoveries of stolen assets amounting to $488.5 million.
Phishing Threats Persist: Phishing attacks continue to pose a serious risk, exemplified by high-profile incidents involving compromised accounts and malware distribution, leading to substantial financial losses. Recent campaigns have exploited fake job offers and fraudulent tokens to target unsuspecting users.

Get Real-Time Alerts for Any Crypto Movement

Monitor assets like XMR with instant alerts on price breakouts and whale movements. Don't let a 24/7 market leave you behind.

Technical Analysis for XMR

Technical Sentiment Analysis for Monero (XMR). As of , Monero (XMR) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 2 indicators are flashing buy, while 1 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for XMR stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.

Support, Resistance & Moving Averages. From a structural perspective, XMR is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Monero (XMR) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	285.923	309.661	328.993	352.731	372.063	395.801	415.133
Fibonacci	309.661	326.114	336.279	352.731	369.184	379.349	395.801

About XMR

Monero was launched in 2014, and its goal is simple: to allow transactions to take place privately and with anonymity. Even though it’s commonly thought that BTC can conceal a person’s identity, it’s often easy to trace payments back to their original source because blockchains are transparent. On the other hand, XMR is designed to obscure senders and recipients alike through the use of advanced cryptography.The team behind Monero say privacy and security are their biggest priorities, with ease of use and efficiency coming second. It aims to provide protection to all users — irrespective of how technologically competent they are.Overall, XMR aims to allow payments to be made quickly and inexpensively without fear of censorship.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

GET FREE REAL TIME NOTIFICATIONS

Stock Monitor for XMR?

Get Started Free

FREE STOCK RECOMMENDATIONS DAILY

Stock Bullish Tomorrow

Get Started Free

70% BACKTESTED ACCURACY!

Should I Buy XMR?

Get Started Free