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Coin Telegraph
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Despite WazirX, Q3 crypto hack and scam losses fell to $413m YOY
- Losses from scams and hacks in Q3 declined by 40% compared to the previous year.
- Crypto hacks and scams in Q3 2024 amounted to $413 million, down from $685 million in the previous year.
- However, notable hacks include WazirX's $235 million loss and the $52 million BingX hack.
- These two hacks accounted for over 69% of the total losses in the quarter.
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