Crypto hacks wipe out $2.3B in 2024, marking 40% YoY surge

Increase in Cryptocurrency Hacks: In 2024, cryptocurrency hackers stole over $2.3 billion across 165 incidents, marking a 40% increase from the previous year, primarily due to access control breaches in centralized exchanges and custodians.

Future Security Recommendations: To mitigate hacking risks in 2025, the industry is urged to enhance security practices, including better private key management and real-time threat monitoring, while remaining vigilant against potential threats from North Korean hackers targeting Bitcoin ETFs.