Close Menu
  • Latest News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Meme Coins
  • DeFi
  • Tech
    • Blockchain
    • Security and Privacy
  • Web 3
    • Web3 News
    • Gaming
  • Legal
    • Taxes & Regulation
    • Adoption
  • Analysis
  • Learn
    • Education
    • Wallets and Exchanges
  • Tools
    • Market Overview
    • Converter
What's Hot

Why AAA Game Studios Will Eventually Embrace NFTs

July 10, 2025

Baishi AI Joins Forces with PAI3 to Drive Human Decision-Making in AI Gaming Systems 

July 10, 2025

GMX suffers $42M hack, issues 10% bounty offer to hacker

July 10, 2025
Facebook X (Twitter) Instagram
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • Disclosure
Facebook X (Twitter) Instagram
Buy Crypto NewsBuy Crypto News
  • Latest News
    1. Bitcoin
    2. Ethereum
    3. Altcoins
    4. Meme Coins
    5. View All

    Bitcoin Hits New All Time High At $112,000 As Corporations Buy Record Amounts Of BTC

    July 10, 2025

    Is the 2025 Altseason Here? Experts’ Insights 

    July 10, 2025

    Bitcoin Setup Suggests Explosive Rally Incoming, According to Analyst Who Called 2021 Crypto Top

    July 9, 2025

    New Zealand Government Want to Ban Crypto ATMs in AML/CFT Regime Overhaul

    July 9, 2025

    Ethereum projections shift bullish: Is $3K in Q3 possible?

    July 10, 2025

    Ethereum Price Soars on $148M Inflows as Bulls Target $2,610 Breakout?

    July 10, 2025

    BTC Sleeps And ETH Moves

    July 9, 2025

    Bit Digital drops Bitcoin to join the Ethereum treasury bandwagon

    July 9, 2025

    Crypto Hackers Drain $42,000,000 From Decentralized Perps Exchange GMX, Sends Funds to Unknown Wallet: Report

    July 10, 2025

    Decoding Ethereum’s role as ‘a store of value’ – Can ETH hit $3.2K soon?

    July 10, 2025

    Pundit Says XRP’s Rise To $1,000 Will Happen A Lot Sooner Than Anticipated

    July 10, 2025

    Bonk.fun flips Pump.fun – What does this mean for the Solana-based meme’s demand?

    July 9, 2025

    Pepe, BMT, CAKE: Crypto Activity Heats Up

    March 18, 2025

    SHIB Burns Over Half a Billion Tokens, Price Surges Over 7%

    March 17, 2025

    DOGE Sees Massive User Growth: Active Addresses Up 400%

    March 15, 2025

    Shiba Inu (SHIB) Price Analysis: Bullish Hints, Bearish Trend

    March 15, 2025

    Why AAA Game Studios Will Eventually Embrace NFTs

    July 10, 2025

    Baishi AI Joins Forces with PAI3 to Drive Human Decision-Making in AI Gaming Systems 

    July 10, 2025

    GMX suffers $42M hack, issues 10% bounty offer to hacker

    July 10, 2025

    Crypto tax evaders to face fines in the United Kingdom

    July 10, 2025
  • DeFi

    ETH gains ground in corporate treasuries with GameSquare’s $100M pivot 

    July 10, 2025

    Pump.fun’s PUMP ICO stirs controversy over token allocation

    July 10, 2025

    Crypto.com strikes travel payments deal with Emirates airline

    July 9, 2025

    Pump.fun’s $4B Token Launch Collapses Amid Surging Backlash—Can Bonk Capitalize?

    July 9, 2025

    Amp crypto price prediction as whale buying continues

    July 9, 2025
  • Tech
    1. Blockchain
    2. Security and Privacy
    3. View All

    Baishi AI Joins Forces with PAI3 to Drive Human Decision-Making in AI Gaming Systems 

    July 10, 2025

    Digital Assets Are Not Going Away, Senator Tim Scott Says

    July 10, 2025

    Spheron x AIxBlock Partnership Aims to Reshape AI Training with Web3 Power

    July 10, 2025

    Greece Makes First Crypto Seizure After $1.5 Billion Bybit Hack – Here’s What Happened

    July 10, 2025

    Scam targets dormant Bitcoin wallets with fake legal notice

    July 9, 2025

    North Korean Hackers Target Crypto Firms with Novel macOS Malware

    July 3, 2025

    Crypto firms paid $2.7M monthly to North Korean workers

    July 3, 2025

    International Taskforce Dismantles €460m Crypto Fraud Network

    July 1, 2025

    Why AAA Game Studios Will Eventually Embrace NFTs

    July 10, 2025

    Baishi AI Joins Forces with PAI3 to Drive Human Decision-Making in AI Gaming Systems 

    July 10, 2025

    GMX suffers $42M hack, issues 10% bounty offer to hacker

    July 10, 2025

    Crypto tax evaders to face fines in the United Kingdom

    July 10, 2025
  • Web 3
    1. Web3 News
    2. Gaming
    3. View All

    Why AAA Game Studios Will Eventually Embrace NFTs

    July 10, 2025

    Intermap Announces Jack Hild Retires as Director

    July 10, 2025

    Wi‐Fi Analytics Market to Explode to USD 87.8 B by 2030 at 26.8 % CAGR

    July 10, 2025

    Less Hype, More Utility: 5 Ways NFTs Are Rebuilding in 2025

    July 9, 2025

    Gear Runner Integrates with Meta Arena to Deliver Gamified Real-World Activity and Move to Earn for GameFi Fans

    July 10, 2025

    ‘OpenSeason’ Crypto Game Goes Offline as Devs Pivot to Gambling on Nudity

    July 9, 2025

    Off The Grid studio unveils Solana cofounder-inspired skin

    July 9, 2025

    Web3 Powerhouses Fabwelt and LoveBit Unite to Drive Purpose-Driven GameFi

    July 9, 2025

    Why AAA Game Studios Will Eventually Embrace NFTs

    July 10, 2025

    Baishi AI Joins Forces with PAI3 to Drive Human Decision-Making in AI Gaming Systems 

    July 10, 2025

    GMX suffers $42M hack, issues 10% bounty offer to hacker

    July 10, 2025

    Crypto tax evaders to face fines in the United Kingdom

    July 10, 2025
  • Legal
    1. Taxes & Regulation
    2. Adoption
    3. View All

    Crypto tax evaders to face fines in the United Kingdom

    July 10, 2025

    Greece recovers part of funds stolen in Bybit hack as its first crypto asset seizure

    July 10, 2025

    Singapore Slams Banks, Crypto as $3B Money Laundering Scandal Ends

    July 10, 2025

    SEC Crypto Task Force head warns assets remain securities regardless of tokenization

    July 10, 2025

    Rex-Osprey spot Solana ETF doubles cumulative inflows to $41M on July 8

    July 10, 2025

    Crypto.com signs major deals in Dubai to enable crypto payments

    July 10, 2025

    Ripple appoints BNY Mellon as custodian for RLUSD reserves as supply tops $500M

    July 9, 2025

    Volkswagen ADMT chooses Solana-based Hivemapper to power Robotaxi test fleet

    July 9, 2025

    Why AAA Game Studios Will Eventually Embrace NFTs

    July 10, 2025

    Baishi AI Joins Forces with PAI3 to Drive Human Decision-Making in AI Gaming Systems 

    July 10, 2025

    GMX suffers $42M hack, issues 10% bounty offer to hacker

    July 10, 2025

    Crypto tax evaders to face fines in the United Kingdom

    July 10, 2025
  • Analysis

    Ripple Price Prediction For July 10

    July 10, 2025

    Bitget latest CEX to expand into tokenized equity trading via xStocks integration

    July 10, 2025

    Crypto Market Live —Top Tokens Stabilise While Cronos Explodes With Over 2000% Rise in Volume, Followed by Raydium

    July 9, 2025

    JPMorgan Will Become Trillion-Dollar Company Amid Adoption of ‘Most Transformational Technology,’ According to TD Cowen – Here’s When

    July 9, 2025

    Cronos (CRO) Price Explodes After Truth Social Files Crypto Blue-Chip ETF-Can it Secure $0.1 Today?

    July 8, 2025
  • Learn
    1. Education
    2. Wallets and Exchanges
    3. View All

    What Are Internet Capital Markets? Why Companies Are Launching Meme Coins

    June 16, 2025

    What is a Corporate Bitcoin Treasury? The Strategy Behind Companies Holding Crypto

    May 27, 2025

    What Are Tokenized Real-World Assets? Putting Physical Value On-Chain With RWAs

    May 19, 2025

    Users Taunt Grok After xAI Says Modifications Were Made to Spit out ‘White Genocide’ Claim

    May 16, 2025

    GMX suffers $42M hack, issues 10% bounty offer to hacker

    July 10, 2025

    Kraken expands xStocks to BNB Chain enabling global access to tokenized equities

    July 10, 2025

    More than 40 fake wallet extensions on browsers detected as malware threat

    July 3, 2025

    Mastercard joins forces with Bitget Wallet to release zero-fee crypto cards

    July 2, 2025

    Why AAA Game Studios Will Eventually Embrace NFTs

    July 10, 2025

    Baishi AI Joins Forces with PAI3 to Drive Human Decision-Making in AI Gaming Systems 

    July 10, 2025

    GMX suffers $42M hack, issues 10% bounty offer to hacker

    July 10, 2025

    Crypto tax evaders to face fines in the United Kingdom

    July 10, 2025
  • Tools
    • Market Overview
    • Converter
Buy Crypto NewsBuy Crypto News
Home»Security and Privacy»Over $1bn in Cryptocurrency Lost to Web3 Cyber Incidents in 2024
Over $1bn in Cryptocurrency Lost to Web3 Cyber Incidents in 2024
Security and Privacy

Over $1bn in Cryptocurrency Lost to Web3 Cyber Incidents in 2024

December 3, 2024No Comments2 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Cryptocurrency continues to be a hot target for cybercriminals, with over $1.1bn lost in Web3 cybersecurity incidents in the first half of 2024, according to Certik, a blockchain monitoring firm. This staggering amount was the result of 408 onchain security incidents, with the average cost per incident totaling $2.9m. The median loss stood at $230,784, showcasing the vast difference in losses suffered by victims.

Phishing emerged as the most common attack vector, accounting for 150 incidents and $497.7m in losses. Private key compromises also posed a significant threat, with 42 incidents leading to $408.9m in losses, underscoring the ongoing vulnerabilities in key management practices.

The main attack vectors for volume and financial losses included phishing, code vulnerabilities, private key compromises, exit scams, price manipulation, and access control. Ethereum was the most targeted blockchain in the first half of 2024, with 222 incidents resulting in $315m in losses. Bitcoin, on the other hand, experienced only one security incident during this period, resulting in the theft of 4,502.9 BTC worth $304m due to a hack at a Japanese cryptocurrency exchange.

Other cryptocurrencies such as Blast and Arbitrum also suffered significant losses due to security incidents, with Blast experiencing seven incidents totaling $70.7m in losses, and Arbitrum facing 28 incidents resulting in $31m in losses.

The increase in Web3 losses in H1 2024 marks a substantial rise compared to H1 2023, indicating a growing threat landscape for cryptocurrency users. The value of losses from security incidents in Q2 2024 saw a 37% increase compared to Q1, although there was an 18% decrease in the number of incidents quarter-over-quarter. This discrepancy could be attributed to the fluctuating prices of cryptocurrencies like Bitcoin, which surged in value during 2024.

See also  Coinrail Heist Drains 30% of Crypto-Exchange’s Coins

Web3, a decentralized internet service based on blockchain and cryptocurrencies, offers users more control over their online activities. However, the rise of decentralized finance (DeFi) platforms within Web3 has made them prime targets for cybercriminals seeking to steal large amounts of crypto in a single attack. With the relaxation of cryptocurrency trading restrictions in markets like Dubai and Hong Kong, DeFi platforms need to prioritize enhanced security measures to capitalize on the growing opportunities in the market.

1bn Cryptocurrency Cyber Incidents Lost Web3
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Spheron x AIxBlock Partnership Aims to Reshape AI Training with Web3 Power

July 10, 2025

Web3 Powerhouses Fabwelt and LoveBit Unite to Drive Purpose-Driven GameFi

July 9, 2025

Luffa Joins Arichain in Strategic Collaboration to Redefine Web3 Liquidity

July 9, 2025

Scam targets dormant Bitcoin wallets with fake legal notice

July 9, 2025
Add A Comment
Leave A Reply Cancel Reply

Top Posts

Ethereum Recovers To $2,800 As Exchange Outflows Near $1 Billion

February 6, 2025

Crypto Trader Unveils Best-Case Scenario for Bitcoin To Avoid 2021-Style Market Meltdown

April 7, 2025

Best Presale to Buy: Is Pepeto Outshining Wall Street Pepe in the Pepe Clone Market?

January 3, 2025
Price Chart


Explore insights on crypto, blockchain, taxes, and security. Stay informed with expert guides, tips, and the latest trends to navigate the digital asset world confidently


We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Why AAA Game Studios Will Eventually Embrace NFTs

July 10, 2025

Baishi AI Joins Forces with PAI3 to Drive Human Decision-Making in AI Gaming Systems 

July 10, 2025

GMX suffers $42M hack, issues 10% bounty offer to hacker

July 10, 2025
Get Informed

Subscribe to Updates

Get the latest creative news From BuyCryptoNews directly in your Inbox!

  • Contact
  • Privacy Policy
  • Terms & Conditions
  • Disclosure
© 2025 BuyCryptoNews - All rights reserved.

Type above and press Enter to search. Press Esc to cancel.