New data from crypto security firm ImmuneFi reveals that hackers and fraudsters have stolen tens of millions of dollars, with Binance’s blockchain as their main target.
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“Is crypto getting safer? The ecosystem has lost $1.48 billion to hackers and hackers since the beginning of the year, a 15% decrease from $1.7 billion during the same period of last year. The decrease is also noticeable from month to month.
According to ImmuneFi, although more than $71 million was stolen in November by hackers and rug pullers, that number pales in comparison to the amount stolen last year.
“In November 2024, we recorded total losses of $71 million, the second lowest monthly loss this year. Looking at the same period last year, more than $343 million was lost.
In its Crypto Losses in November 2024 report, ImmuneFi notes that bad actors have most targeted the BNB chain, the blockchain of the world’s largest crypto exchange by volume.
According to the data, major smart contract platforms Ethereum (ETH) and Solana (SOL) and layer 1 blockchain Avalanche (AVAX) were also affected.
“BNB Chain suffered 14 individual attacks, accounting for 46.7% of total losses on targeted chains. Ethereum experienced 9 incidents, representing 30% of the total. Solana, Polygon, Fantom, Avalanche, Arbitrum and Aptos each experienced one incident, representing 3.3% respectively.
ImmuneFi concludes by noting that investors shouldn’t really be happy about the falling numbers, as bad actors are increasingly targeting centralized exchanges, which tend to be hit harder by hacks.
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