• bitcoinBitcoin (BTC) $ 92,396.00
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  • axie-infinityAxie Infinity (AXS) $ 6.08
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  • compound-governance-tokenCompound (COMP) $ 75.38
  • ecasheCash (XEC) $ 0.000034
  • havvenSynthetix Network (SNX) $ 1.94
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  • mantle-restaked-ethMantle Restaked ETH (CMETH) $ 3,523.44
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  • superfarmSuperVerse (SUPER) $ 1.39
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  • terra-lunaTerra Luna Classic (LUNC) $ 0.000107
  • susdssUSDS (SUSDS) $ 1.03
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  • kusamaKusama (KSM) $ 33.12
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  • kavaKava (KAVA) $ 0.452916
  • pumpbtcpumpBTC (PUMPBTC) $ 91,358.00
  • usualUsual (USUAL) $ 0.993551

Crypto Hacks and Scams Cost $300 Million in August

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Crypto Hacks and Scams Cost $300 Million in August

  news.bitcoin.com 3 h

Crypto Hacks and Scams Cost $300 Million in August

In August, approximately $310.9 million was lost to exploits, hacks, and scams. However, digital assets worth $10.3 million were recovered, resulting in a net loss of $300.6 million. According to the security firm Certik, this is the second-highest monthly loss in 2024 so far. While May had the highest exploit total loss of just over $324 million April had the lowest loss in 2024 at $21 million. Phishing attacks accounted for the vast majority of losses, totalling $293 million, significantly overshadowing other exploits ($15.8 million). Flash loan attacks resulted in losses of approximately $1.2 million, with one incident accounting for nearly all of that amount. This is the third-lowest in 2024. Exit scam losses, which peaked at nearly $60 million in February, dropped from $3.1 million in July to $0.8 million in August.

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