Close Menu
Altcoin ObserverAltcoin Observer
  • Regulation
  • Bitcoin
  • Altcoins
  • Market
  • Analysis
  • DeFi
  • Security
  • Ethereum
Categories
  • Altcoins (1,504)
  • Analysis (1,686)
  • Bitcoin (2,275)
  • Blockchain (1,350)
  • DeFi (1,578)
  • Ethereum (1,542)
  • Event (56)
  • Exclusive Deep Dive (1)
  • Landscape Ads (2)
  • Market (1,620)
  • Press Releases (2)
  • Reddit (924)
  • Regulation (1,512)
  • Security (2,153)
  • Thought Leadership (3)
  • Videos (41)
Hand picked
  • “You have never possessed actions”: Linqto’s bankruptcy exposes the pre-time illusion
  • Charles Hoskinson: from Darpa to Cardano, gloves full of ants and more
  • Sugar Daddy Season ($ sugar) launches the community competition and teases a daring roadmap
  • CEO of Ripple, former CFTC members to tackle the structure of the hearing market
  • Bitcoin.com Newsripple CEO to testify before the Senate on the reform of cryptography and the structure of the legislation market. Crypto’s regulations are accelerating while Ripple’s best leader joins a pivotal audience in the Senate which could redefine surveillance, innovation, …. 12 hours ago
We are social
  • Facebook
  • Twitter
  • Instagram
  • YouTube
Facebook X (Twitter) Instagram
  • About us
  • Disclaimer
  • Terms of service
  • Privacy policy
  • Contact us
Facebook X (Twitter) Instagram YouTube LinkedIn
Altcoin ObserverAltcoin Observer
  • Regulation
  • Bitcoin
  • Altcoins
  • Market
  • Analysis
  • DeFi
  • Security
  • Ethereum
Events
Altcoin ObserverAltcoin Observer
Home»DeFi»Crypto losses of $ 1.7 billion in pirates, fraud already exceeds 2024 total: Immunefi
DeFi

Crypto losses of $ 1.7 billion in pirates, fraud already exceeds 2024 total: Immunefi

May 1, 2025No Comments2 Mins Read
Share Facebook Twitter Pinterest LinkedIn Tumblr Reddit Telegram Email
Hacker attack ethereum classic millions gid 7.jpg
Share
Facebook Twitter LinkedIn Pinterest Email


Brief

  • The amount of money lost in cryptographic space already exceeds the 2024 file, said Immunefi.
  • Update year, $ 1.7 billion has disappeared from cryptographic projects.
  • Much of this is due to hacks – with cybercriminals that fly nearly $ 100 million in April only.

Digital assets can be firmly in the dominant current, with institutional involvement and a friendly crypto president in the White House.

But pirates and fraudsters spend a day on the ground so far this year.

Crypto users lost more than $ 1.7 billion against these groups, 14% more than the total $ 1.49 billion losses, according to the Immunefi security company.

During the same period last year, losses totaled $ 420 million, the firm said.

The report comes in the midst of continuous concerns concerning the vulnerability of DEFI networks and crypto more broadly. The total of the start of the year is strongly biased by the flight of $ 1.4 billion in Ethereum and assets linked to Ethereum of Crypto Exchange Go throughThe greatest hacking in the history of cryptographic industry.

However, the DEFI space has been particularly hard more recently. In April, pirates stole $ 92.4 million with decentralized networks in 15 separate incidents, Immunefi said.

Decentralized finance—Or defying – automate traditional financial services such as banking services or loans. But DEFI applications are experimental and new, and are notoriously subject to targeted by criminals.

Earlier this month, pirates reached the UPCX DEFI DEFI platform with an attack, making $ 70 million in digital tokens. Two weeks later, the pirates stole $ 7.5 million in kiloex, a decentralized exchange for perpetual term negotiation.

The founder and CEO of immunity Mitchell Amador said Decipher That even if “DEFI still operates in one of the most contradictory environments of the software”, the space became more secure for the pros.

“Generally, with regard to established projects, we could say that DEFI becomes safer,” he said. “The maturity of the current security battery is much better than what we saw two or three years ago, which makes it more difficult for hackers to exploit vulnerabilities.”

The immunity report added that in April, Ethereum and BNB chain were the most targeted channels, representing 60% of total losses in all blockchains.

Edited by James Rubin

Daily debriefing Bulletin

Start every day with the best reports at the moment, as well as original features, a podcast, videos and more.



Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Previous ArticleBTC Climbs to $90K for the First Time Since Early March
Next Article Crypto companies escape April stock turbulence

Related Posts

DeFi

Kuru Labs ignites a new era in the trading of

July 8, 2025
DeFi

The Solana (soil) ecosystem is developing while Defi Dev (DFDV) lists tokenized sharing on the Kraken Rwa platform | Detail of the new flash

July 8, 2025
DeFi

Kuru Labs collects $ 11.6 million for Monad Defi Hub

July 8, 2025
Add A Comment
Leave A Reply Cancel Reply

Single Page Post
Share
  • Facebook
  • Twitter
  • Instagram
  • YouTube
Featured Content
Event

Philippine Blockchain Week 2025 Welcomes Global Web3 Trailblazers to Manila

June 9, 2025

Manila, Philippines – June 9, 2025 — As Philippine Blockchain Week (PBW) 2025 returns for…

Event

ETHMilan 2025 Returns With a Stellar Line-Up at One of Milan’s Most Iconic Venues

June 5, 2025

Milan, Italy – Mark your calendars! ETHMilan, Italy’s largest international Ethereum and Web3 conference, is…

1 2 3 … 49 Next
  • Facebook
  • Twitter
  • Instagram
  • YouTube

“You have never possessed actions”: Linqto’s bankruptcy exposes the pre-time illusion

July 9, 2025

“Altcoins are back like Bitcoin’s example:” Is it a brewing in Alts-season? “

July 8, 2025

The analyst predicts summits of all imminent time for Bitcoin, sees a memecoin lighting the Bonk style explosion

July 8, 2025
Facebook X (Twitter) Instagram LinkedIn
  • About us
  • Disclaimer
  • Terms of service
  • Privacy policy
  • Contact us
© 2025 Altcoin Observer. all rights reserved by Tech Team.

Type above and press Enter to search. Press Esc to cancel.

bitcoin
Bitcoin (BTC) $ 108,791.15
ethereum
Ethereum (ETH) $ 2,605.24
tether
Tether (USDT) $ 1.00
xrp
XRP (XRP) $ 2.30
bnb
BNB (BNB) $ 660.88
solana
Solana (SOL) $ 151.44
usd-coin
USDC (USDC) $ 1.00
tron
TRON (TRX) $ 0.287475
dogecoin
Dogecoin (DOGE) $ 0.170313
staked-ether
Lido Staked Ether (STETH) $ 2,603.09