$2.2 Billion Stolen in 2024, Centralized Exchanges Hit Hard | Airdrop Alert Pro

The incidence of cybercriminal activity has increased this week in the cryptocurrency space and is becoming more prevalent and sophisticated than before. The scale of the losses, from multi-million dollar breaches to sanctions for money laundering, points to the need for better security mechanisms.

Cryptocurrency Heist 2024: Big Data Breaches Continue

Cryptocurrency fraud remains a significant and real problem as the industry suffers from multi-billion dollar hacks. According to chain analysis, $2.2 billion stolen in 2024a significant increase of 21% compared to 2023. Centralized exchanges suffered the most losses, replacing the previous DeFi field.

North Korean actors were once again caught stealing $1.34 billion, more than double the 2023 total.

Wazirx under siege: delisting and legal battle

Troubled Indian cryptocurrency trading platform WazirX is now in the spotlight. The case stems from a $235 million hack this year. Delhi High Court seeks reinvestigation.

To make matters worse, Binance has delisted the WRX token, which has seen its value drop by a staggering 51%. As trust deteriorates, WazirX is considering contingency measures, including a possible move to a DEX model.

Flashloan exploits target Slurpycoin

The latest blockchain to be affected by an exploitable flash loan vulnerability is Binance Smart Chain Coin, Slurpycoin lost $3000. Attackers exploiting the buyback mechanism employ arbitrage strategies to reveal problems with DeFi token economics.

North Korea’s Cryptocurrency Money Laundering Operation Revealed

The U.S. Treasury Department recently added two individuals and a UAE-based company, Green Alpine Trading, LLC, to a list of individuals suspected of laundering virtual currency. North Korea’s weapons program. The operation diverted millions of dollars to fund the regime’s missile buildup and put a spotlight on the impact of cryptocurrency crime on the world.

The aftermath of the Lastpass breach: Millions lost again

because LastPass backup data leakedLater, hackers used the stolen vault data to steal more than forty wallets and make off with $5.36 million. This adds to more than $200 million in losses related to the breach, driving home the dangers of online data retention.

Other notable attacks

zkPass protocol: due to X account was stolen Attackers expose users to these phishing scams.

BTC24H (Polygon): A vulnerability related to the contract cost the contract $85,700.

The rise of cyberattacks and their increasing sophistication leave no room for complacency in the cryptocurrency market. Criminals are adapting and getting better, and security is a key factor, as is cooperation between countries and user enlightenment and awareness.