Shield Wall: Over 300 Cybersecurity Incidents Hit the Cryptocurrency Industry in 2024, with DeFi Protocols as the Main Target

BlockBeats News, January 10th, according to PeckShield monitoring, there were over 300 cryptocurrency hacking incidents in 2024, with a total loss of $21.5 billion, a 30% increase compared to 2023 ($15.1 billion).

May saw the peak for the year, with 28 attacks resulting in a $5.746 billion loss. Hackers still primarily target DeFi protocols, but the proportion of attacks targeting individuals and organizations has risen to 46% (up from 33% in 2023), mainly exploiting weak key management and insufficient security practices.

Ethereum remains the most frequently attacked blockchain, accounting for 34.8% of the total number of incidents and 47.3% of the losses, followed by Bitcoin, partly due to its price increase. The gaming industry suffered significant losses, totaling $5.02 billion, with the PlayDapp vulnerability leading to a $2.9 billion loss.