The crypto ecosystem experienced a notable increase in hacks during June, even as the market remained in a bearish phase. PeckShield reported that hackers stole $176.2 million from crypto platforms in June, marking a significant drop of 54.2% from May’s $574.6 million.
April saw the fewest hacks this year, totaling $60.19 million. According to a post by the blockchain security firm on X, the total crypto losses to hackers this year have now exceeded $1.5 billion.
In June, the largest hack targeted the Turkish crypto trading platform BtcTurk, resulting in a loss of $100.25 million. A report by crypto.news on June 22 indicated that the company’s hot wallets were breached, compromising at least 10 different cryptocurrencies.
The second-largest hack last month affected the British crypto exchange Lykke, with hackers stealing over $22 million from the company. Other significant hacks included UwU Lend, Holograph, and Velocore, which lost $19.4 million, $14.4 million, and $6.8 million respectively.
Immunefi reported that the cryptocurrency ecosystem lost $572.7 million to hacks and scams in the second quarter of this year, with 72 incidents recorded over the past three months.
Crystal Intelligence data revealed that from 2011 to March 2024, the crypto industry has lost nearly $20 billion to hacks and scams, with the total number of breaches reaching 785.
For further reading:
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