CRYPTO LOSSES IN 2024: $3B GONE, BUT $488M RECOVERED

2024 saw $3.01B drained from the crypto market, with DeFi bearing the brunt. 

Hacks took $2.15B, scams added $834.5M, and May alone racked up $662M in losses.

Major hits included DMM Bitcoin ($305M) and PlayDapp ($290M), but $488.5M was clawed back - proof recovery efforts are stepping up.

Phishing remains a relentless threat, evolving with fake Zoom links, compromised X accounts, and even malware hidden in job offers.

The market’s booming, but the risks? Always evolving.

Source: Crypto Potato