Quote from: MusaMohamed on January 02, 2025, 01:54:50 AM

Crypto hacks exploits in 2024.

DMM Bitcoin: $300M.
WazirX: $230M.
Munchabbles: $62M.
Dai whale exploit: $55M.
Radiant Capital: $51M.
BingX: $43M.
Penpie: $27M.
UwU Lend: $20M.
Sonne Finance: $20M.
M2 exchange: $14M.

DMM Bitcoin, a Centralized Exchange, has a biggest crypto hack in 2024, with total value of hack is $300M. It's a hack on private keys.

WazirX, another Centralized Exchange, with a second biggest crypto hack in the last year, total value is $230M. The Lazarus hacker group from North Korea did it.

Munchables, a Gaming project: It's $62M hack through a hole in smart contract. You can see danger of smart contract!

Dai Whale exploit: It's a personal whale as a victim of phishing attack.

Radiant Capital, a Lending project: It was attacked multiple times, and total loss is about $51M.

Bing X, another Centralized Exchange: a hack of $43M from hot wallets.

Penpie, a Yield Farming project: $27M hack by exploitation on reentrancy hole.

UwU Lending, another Lending project: a hack on Oracle flaw.

Sonne Finance, a third Lending project in this list: $20M through smart contract hole.

The last one is M2 Exchange, another Centralized Exchange, and the fourth CEX in this list, with $14M hack on hot wallets.

Again you can see danger of storing your fund on Centralized platforms like Exchanges.

Following resources can help you understanding more about most common scams, and practicing better with your money.
Reminder: do not keep your money in online accounts
Security checklist.
Scam book.

This is such an important topic to shed light on! Highlighting the biggest cryptocurrency hacks of 2024 can provide valuable lessons for investors and developers alike. By analyzing how these breaches occurred and their impact, the article can help raise awareness about vulnerabilities in the crypto space and emphasize the importance of security measures. Looking forward to insights that help the community stay safer. Visit More Updateshttps://www.itinvestrange.com/category/crypto-currency/

itinvestrange

Posts

Merits