Crypto Blog
In November 2024, hacks accounted for an overwhelming 99.96% of total losses. During the same period, fraud and rug pulls fell significantly, contributing to just $25,300 in total losses across two incidents., decentralized finance was the primary victim, with $71 million in total losses recorded in November. This was the second-lowest monthly figure of the year and a stark improvement from the $343 million lost during the same period in 2023.
Infrastructure vulnerabilities, especially those involving hot wallets, make these breaches particularly catastrophic. Just nine CeFi attacks this year caused as much damage as 200 DeFi breaches. Hackers have resorted to refining their strategies, employing techniques such as impersonating recruiters or planting fake hires to penetrate security systems.
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