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