Crypto hacking incidents decline in Q1 2024— Immunefi
While some applaud this move toward mainstream adoption, privacy-centric Bitcoin supporters raise concerns about centralized data aggregation.
In the first quarter of this year, the cryptocurrency industry saw a notable decline in losses due to hacking, with a significant drop of 23.1% compared to the previous year, according to a March. 28 research report by blockchain security firm Immunefi.
According to the report, the total amount lost to hacking incidents in Q1 of 2024 amounted to approximately $336.3 million. However, the $336.3 million in losses represents a 23.1% decrease compared to losses of $437.5 million in the same quarter last year.
According to Immunefi’s research, the cryptocurrency space encountered 46 hacking incidents and 15 cases of fraudulent activities in the first quarter of 2024, leading to losses surpassing $321 million.
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