Paidun: There will be more than 300 hacker attacks in the crypto industry in 2024, with DeFi protocols as the main target

According to the Paidun report, there were more than 300 cryptocurrency hacking incidents in 2024, with total losses of $2.15 billion, a year-on-year increase of 30% from 2023 ($1.51 billion). May was the peak of the year, with 28 attacks causing losses of $574.6 million. Hackers still target DeFi protocols as their main target, but the proportion of attacks on individuals and organizations has risen to 46% (33% in 2023), mainly taking advantage of weak private key management and insufficient security practices. Ethereum became the most frequently attacked blockchain, accounting for 34.8% of the total number of incidents and 47.3% of the losses, followed by Bitcoin, partly due to price increases. The gaming industry suffered heavy losses, totaling $502 million, of which the PlayDapp vulnerability caused a loss of $290 million.