- Crypto hackers pocketed roughly $71 million in November
- The amount is 79% lower than the $343 million stolen in November 2023
- Most of the amount was siphoned from two crypto projects
Malicious actors in the crypto space stole roughly $71 million in November, a significant drop from the $343 million they pocketed in November 2023. More than half of the amount was siphoned from DeFi platforms Thala Labs and DEXX which lost a combined $47.5 million. The amount stolen in November brought the total amount lost to hackers this year to around $1.5 billion, a sign that scammers and hackers are committed to making malicious gains.
BNB Chain Is The Most Targeted Blockchain
According to bug bounty platform Immunefi, the amount was drained from 26 DeFi projects. The platform noted that “no CeFi incidents were reported in November 2024.” It added that hacks accounted for most of the funds at $70,996,200 with the remainder coming from rug pulls.
Immunefi revealed that nearly half the amount was stolen from DeFi platforms on the BNB Chain. The blockchain suffered 14 attacks while Ethereum registered nine incidents with others like Fantom and Solana experiencing one incident.
The amount lost in November is $3 million lower than what was lost in October. It’s also the second lowest amount lost in a month this year, with the lowest being the $15 million siphoned from crypto platforms in August.
Thala Recovered All Funds
Hackers and scammers also stole less than $80 million in February and April. So far this year, May leads with the highest losses at $359 million followed by July with $282 million.
Two weeks ago, Thala disclosed that it recovered all the stolen funds after working with law enforcement agencies and offering the hacker $300,000 as a bounty. Another platform hacked in November is Polter Finance, which lost roughly $12 million to hackers.
Although the amount stolen in November is the second lowest this year, the amount can rise in December as malicious actors increase their efforts to compromise crypto platforms.
