Bitcoin

<p>The third quarter of 2024 experienced fewer crypto hacks, but the value of stolen assets surged. A <a href="https://indd.adobe.com/view/a2b865c7-3f51-4515-89f3-ed3117b579d2" rel="noopener noreferrer nofollow">report</a> by cybersecurity firm CertiK noted a 9.5% rise in financial damage. Hackers stole approximately $753 million from 155 incidents. Although the number of hacks decreased, the stolen amount was higher, indicating more lucrative attacks.</p><h2 id="header-0">Ethereum Suffers the Most</h2><p>Ethereum saw the most security breaches. It reported 86 hacks, scams and exploits that led to funds loss of over $387 million. The breaches with <a href="https://cryptotale.org/ethereum-staking-yields-may-exceed-us-rates-by-2025-report/" rel="noopener noreferrer nofollow">Ethereum</a> were remarkable because it was widely used in decentralized applications. This made it to be prone to attackers who used the opportunity to find vulnerable points on the structure.</p><p>A heist also took place on August 19, where a Bitcoin whale was attacked. The whale saw 4,064 BTC – roughly $238m – drained from the associated wallet. This loss contributed the most to the total loss to hackers in the quarter.</p><h2 id="header-1">Major Losses at WazirX</h2><p>Another major incident took place at the India-based crypto exchange, <a href="https://cryptotale.org/hacker-moves-4m-in-stolen-ether-to-tornado-cash-from-wazirx/" rel="noopener noreferrer nofollow">WazirX</a>. Hackers stole more than $235 million, adding to the quarter’s overall losses. This attack on WazirX was one of the biggest during this period and further increased the financial damage caused by cybercriminals.</p><p><a href="https://cryptotale.org/crypto-hacks-decline-in-q3-asset-thefts-surge-to-753m/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a></p><p><strong>Visit the links for more information </strong><a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|</p>

Crypto Hacks Decline in Q3, Asset Thefts Surge to $753M

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