Crypto Heists Surge 84% in 2024, Targeting Centralized Exchanges

Chainalysis reports a significant increase in stolen crypto value, driven by sophisticated attacks and ransomware activities.

Hackers have stolen over $1.58 billion in the first half of 2024, marking an 84% increase year-on-year.
Centralized exchanges are the primary targets, with attackers using advanced social engineering tactics.
The average value stolen per incident has risen by 79%, despite only a slight increase in the number of hacking incidents.
Ransomware payments have also increased, with total ransoms reaching nearly $460 million.
Legitimate blockchain transactions are growing faster than illicit activities, indicating a positive trend for the crypto sector.