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In the last 13 years, $19 billion worth of digital assets have been lost as a result of various attacks; The single largest crypto theft was $2.9 billion stolen during the 2019 Plus Token scam. The cryptocurrency industry has suffered 785 reported hacks and attacks in the last 13 years.
According to a report shared by Crystal Intelligence, $19 billion worth of digital assets have been stolen in the 13 years since the first known crypto hack was reported on June 19, 2011.
The single largest crypto theft is the 2019 Plus Token scam, in which attackers seized $2.9 billion worth of Bitcoin and Ethereum.
Over the past two years, the $290 million security breach at PlayDapp, which occurred in February 2024, represents the largest single crypto heist.
During the same period, the JPEX investment scam in Hong Kong was recorded as the largest single crypto scam, with $194.3 million worth of crypto stolen.
Crypto hacks and attacks remain one of the biggest hurdles hindering mainstream trust and adoption. Crypto hacks in 2024 may surpass 2023; With $542.7 million worth of stolen funds in the first quarter of 2024, a 42% increase was observed compared to the same period in 2023.
Most Hacks in 2023, But Biggest Losses in 2022
Even though the most crypto-related hacks were reported in 2023, 2022 is still known as the “deadliest year by value,” according to Crystal Intelligence. In 2022, digital assets worth $2.3 billion were stolen as a result of a total of 286 attacks.
However, $4.2 billion worth of digital assets were stolen in 2022, which is almost double the amount stolen in 2023. Still, the number of incidents was 199, which was 30% less than the 286 hacking incidents reported in 2023.
According to the Crystal Intelligence report, “Despite advanced monitoring and reporting mechanisms, illicit activity on the blockchain continued to grow in 2023 and 2024.”Click here to follow for more news!
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