• bitcoinBitcoin (BTC) $ 100,931.00
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  • msolMarinade Staked SOL (MSOL) $ 295.82
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  • arbitrum-bridged-weth-arbitrum-oneArbitrum Bridged WETH (Arbitrum One) (WETH) $ 3,881.64
  • arkhamArkham (ARKM) $ 2.56
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  • echelon-primeEchelon Prime (PRIME) $ 15.45
  • nervos-networkNervos Network (CKB) $ 0.017246
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  • 1inch1inch (1INCH) $ 0.528149
  • bazaarsBazaars (BZR) $ 12.00
  • layerzeroLayerZero (ZRO) $ 6.55
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  • enjincoinEnjin Coin (ENJ) $ 0.374609
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  • frax-etherFrax Ether (FRXETH) $ 3,868.65
  • turboTurbo (TURBO) $ 0.008483
  • iotexIoTeX (IOTX) $ 0.061844

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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