CCT - Crypto Currency Tracker logo CCT - Crypto Currency Tracker logo
CryptoIntelligence 2024-06-13 01:00:59

Crypto Industry Faces $19 Billion in Losses from 785 Hacks Over 13 Years

Over the past 13 years, the cryptocurrency industry has witnessed 785 reported hacks and exploits, leading to nearly $19 billion in stolen digital assets since the first known crypto hack on June 19, 2011, according to a Crystal Intelligence report shared with Cointelegraph. The largest single crypto theft remains the 2019 Plus Token fraud, where attackers netted $2.9 billion worth of Bitcoin and Ether. More recently, in February 2024, the $290 million security breach on PlayDapp was the largest single crypto heist over the past two years. Additionally, the JPEX investment scam in Hong Kong resulted in $194.3 million of

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.