Average Loss from Crypto Hacks Reaches $25 Million
The average loss from a single crypto protocol hack is approximately $25 million, Immunefi calculated.Immunefi is a bug bounty platform for smart contracts and DeFi projects.
Average Loss from Crypto Hacks Reaches $25 Million
The average loss from a single crypto protocol hack is approximately $25 million, Immunefi calculated.
Immunefi Reports Worst Quarter for Cryptocurrency Industry
Cryptocurrency projects have endured their worst quarter in history in terms of losses and damage from hacking attacks, according to an Immunefi report. In the first quarter of 2025, cybercriminals stole $1.64 billion across 40 incidents. This is 4.7 times more than the same period last year, when losses amounted to $348.3 million. The main […]
Immunefi Reports February Crypto Losses of $1.53 Billion Due to Bybit Hack
Cryptocurrency projects suffered losses of $1.53 billion from hacks in February, a figure 20 times greater than the previous month’s $73.9 million, according to a report by Immunefi. Compared to the previous year, this figure has surged 18-fold from $81.6 million. Excluding the Bybit hack, the crypto industry’s losses in February amounted to just $68.3 […]
Cryptocurrency Losses Reach $55.1 Million in October, Reports Immunefi
In October, cryptocurrency companies suffered losses amounting to $55.1 million due to hacks, a decrease of 56.6% compared to the previous month’s $126.9 million, according to a report by Immunefi. Throughout the month, seven incidents occurred. The majority of losses were attributed to two projects: a hack of the DeFi protocol Radiant Capital amounting to […]
Crypto Industry Faces $413 Million Loss from Hacks and Scams in Q3
Between July and September, cryptocurrency companies experienced 34 incidents of hacks and scams, resulting in losses exceeding $413 million, according to a report by Immunefi. Losses since January have risen to $1.34 billion, which is 3.9% lower than the same period last year. Compared to the previous quarter, the figure for July-September decreased by 28%, […]
Crypto Industry Losses to Hackers and Scammers Surpass $1 Billion in 2024
Since the beginning of 2024, cryptocurrency companies have faced 149 incidents of hacks and fraud, resulting in losses exceeding $1.19 billion. This is according to a report by Immunefi, as reported by The Block. In July, hackers obtained $269.4 million through 14 incidents, making it the second most damaging month after May. The majority of […]
Immunefi: Crypto industry’s losses from hacks reach $1.8 billion in 2023
The cryptocurrency industry lost $1.8 billion in 2023 due to hacking and fraud, according to Immunefi.
Bitcoin industry loses $343 million in November to hacks and scams
So far this year, the crypto industry has recorded 296 hacks and scams, with November losses from such incidents topping $343 million.
Report: Crypto industry losses from hacks and scams rise 60% year on year
In the third quarter, losses of the Web3 ecosystem from hacks and fraud reached $685.5 million — up 59.9% from the figure for the same period year-on-year, according to Immunefi.
Web3 projects lose $1.25 billion since the start of the year to hackers
From January to August, losses across Web3 platforms from hacks and scams totalled $1.25 billion.We use cookies to improve the quality of our service.
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