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Crypto Hack Losses Down In Q3 2024, Ethereum Still Most Targeted Blockchain: Report

  • Crypto hack and fraud-related losses decreased in Q3 2024, with Ethereum remaining the most targeted blockchain.
  • Major losses primarily occurred due to centralized exchange hacks, with WazirX and BingX accounting for 69.5% of funds lost.
  • Centralized finance platforms were responsible for 74.8% of successful exploits, while decentralized finance platforms accounted for 25.2% of losses.
  • Compared to Q3 2023, DeFi losses have dropped by 79.2%, while CeFi losses are up 66.4%.

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