Crypto Loses in November 2024: A 79% Drop in Losses Compared to Last Year
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Nov 29 2024Cryptocurrency Losses in November 2024: The cryptocurrency sector experienced 26 hacking and rug pull incidents resulting in total losses of $71 million, marking a 79% decrease from November 2023. DeFi platforms were the primary victims, with hacks accounting for nearly all losses.
Need for Improved Security Measures: Despite the reduction in losses compared to previous months, the ongoing targeting of DeFi platforms highlights the urgent need for enhanced security measures and regulations within the cryptocurrency ecosystem as we approach 2025.
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.
