🌎 Crypto Hacks in June 2024 Cause $176.2M Loss Amid Bearish Market

The crypto ecosystem experienced a significant number of hacks in June, amid a bearish market trend.

According to data from PeckShield, hackers stole $176.2 million from crypto platforms in June, a 54.2% decrease from May’s $574.6 million.

Overview of June 2024 Hacks

June 2024 saw over 20 hacks in the crypto space, resulting in approximately $176.2 million in losses. This marks a 54.2% decrease from May 2024, which recorded around $385 million in hacker profits.

Top 5 Hacks in June 2024

BtcTurk: $100.25 million (CeFi)
Lykke: $22 million (CeFi)
UwULend: $19.4 million
Holograph: $14.4 million
Velocore: $6.8 million

Data indicates that April saw the least number of hacks this year, with losses reaching $60.19 million. According to PeckShield, the total amount of crypto lost to hackers this year has exceeded $1.5 billion.

The largest hack in June involved the Turkish crypto trading platform BtcTurk, with losses amounting to $100.25 million. The company’s hot wallets were compromised, allowing attackers to breach at least 10 different cryptocurrencies.

The second-largest hack targeted the British crypto exchange Lykke, resulting in a loss of over $22 million. Other notable hacks included UwU Lend with $19.4 million, Holograph with $14.4 million, and Velocore with $6.8 million in losses.

Immunefi reports that the cryptocurrency ecosystem lost $572.7 million to hacks and scams in Q2 of this year, with 72 fraudulent incidents recorded over the past three months.

According to Crystal Intelligence, the crypto industry has lost nearly $20 billion to hacks and scams between 2011 and March 2024, with a total of 785 breaches recorded.