Crypto Industry Lost $176.2M to Hackers in June 2024 — PeckShield Report
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Crypto Industry Exploitations in June 2024:
- Hackers stole $176.2 million worth of digital assets from crypto platforms in June, marking a 54.2% decrease from May.
- April 2024 recorded the lowest stolen assets at $60.19 million, with June being the second-lowest.
- 60% of major hacks targeted DeFi protocols, while 40% affected CeFi protocols.
Top Hacks in June 2024:
- BTCTurk: $100.25 million (CeFi)
- Lykke: $22 million (CeFi)
- UwULend: $19 million
- Hologram: $14.4 million
- Velocore: $6.8 million
ImmuneFi Report for Q2 2024:
- Crypto industry suffered losses of $573 million in Q2 2024, with $564,238,811 lost to hacks and $8.4 million to fraud.
- Q2 2024 losses increased by 112% compared to Q2 2023, with CeFi protocols being the primary target.
Overall Trend:
- Despite the bearish trend in the crypto market, June saw an increase in exploitations within the sector.
- PeckShield Alert and ImmuneFi reports highlight significant losses due to hacks and fraud in the crypto industry.
Recommendation:
- Visit DeFi Planet for more news articles and follow on social media platforms for updates.
- Utilize MARKETS PRO, DeFi Planet's suite of analytics tools, to take control of your crypto portfolio.
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.
