Hackers Stole $176.2M in Crypto in June
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
- Surge in Crypto Hacks Despite Bearish Market: In June 2024, there were over 20 crypto hacks resulting in losses of $176.2 million, a 54.2% decrease from May.
- Decrease in Hacks from May to June: The total amount stolen in June was significantly lower at $176.2 million compared to $564.6 million in May, highlighting the volatility of crypto-platform hacking threats.
- Total Losses in 2024 Exceed $1.5 Billion: Crypto startups have lost over $1.5 billion to hacks in 2024, emphasizing the cybersecurity weaknesses in the cryptocurrency sector.
- Largest Hacks in June: BtcTurk and Lykke: BtcTurk in Turkey lost $100.25 million, while Lykke in Britain lost $22 million, underscoring the urgent need for enhanced security measures in crypto exchanges.
- Other Notable Hacks in June: Besides BtcTurk and Lykke, UwU Lend, Holograph, and Velocore were among the top five victims of hacks in June, with significant losses reported.
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.
