PANews reported on October 31 that according to the latest report from Immunefi, the crypto industry's losses from hacking and fraud in 2024 have exceeded $1.4 billion, involving 179 incidents. Although the loss in October was $55.1 million, a 56.6% decrease from $126.9 million in September, the cumulative loss is still significant. The losses in October were mainly caused by two incidents, including a $50 million hacker attack on the decentralized finance (DeFi) protocol Radiant Capital and a $4.4 million vulnerability exploit on Tapioca DAO.
Gonçalo Magalhães, head of security at Immunefi, pointed out that the project parties have generally strengthened security measures, including audits and bug bounty programs, making attacks more difficult. The report also shows that BNB Chain was the most attacked network in October, accounting for 50%, followed by Ethereum and Arbitrum, each accounting for 25%. So far, Immunefi has paid more than $100 million in rewards to white hat hackers, saving more than $25 billion in user assets.
