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    Crypto thefts near $1.5 billion in 2024, declining but still daunting, says Immunefi report

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    Digital thieves have stolen nearly $1.5 billion in cryptocurrencies in 2024, marking a 15% decline from the previous year, according to a report by cybersecurity firm Immunefi. Despite the drop, investors are warned to remain vigilant against threats, especially with the increasing value of digital currencies and amount locked in decentralized finance (DeFi). The biggest theft in November involved a $25.5 million hack on Thala, while DEXX lost $21 million affecting over 900 investors. Over the past 13 years, crypto losses from thefts amount to over $19 billion.

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    Cyber bandits keep giving the digital money world a bad rep as they swipe nearly $1.5 billion this year.

    According to a report by cyber-security firm Immunefi, shared with online news outlet Cointelegraph, digital robbers made off with over $71 million in cryptocurrencies this November. That brings their total steal to over $1.48 billion in 2024.

    It’s not all bad news though, because this is actually a 15% drop from the same time last year. Back in 2023, these tech baddies were making off with even more digital money – adding up to about $1.75 billion.

    While the drop is definitely a win, it’s important for us folks invested in digital currency to stay on our toes and keep our securities tight, says Mitchell Amador, Immunefi’s big boss man. We’re basically one big hack away from losing a lot of dough, he warns.

    As the value of digital currencies like Bitcoin and Ethereum keeps climbing, we’re like chum in the water for these infiltrators. They’ve been noting the awesome rise in the value of cryptos and the amount locked in decentralized finance (known as DeFi), and it’s like a giant neon ‘steal me’ sign for them.

    Even more so because, compared to end of last year, the value locked in DeFi has shot up by a whopping 164%. That means we need to up our defense game, too.

    Looking at the sneakiest heists of the month, a $25.5 million hack on Thala was the biggest. Luckily, they managed to get all their money back. But hot on their heels was a $21 million robbery from DEXX which unfortunately affected over 900 individual investors.

    Until now, the world of crypto has seen losses of over $19 billion, thanks to about 785 nasty heists and exploits in the past 13 years. So, long story short, keep those cryptos safe, folks!

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