Cryptocurrency theft is down overall, but November still saw hackers and scammers make off with a hefty $71 million. While that’s significantly less than the $343 million stolen in November 2023, it’s a reminder that the risks remain.
Binance’s BNB Chain Hit Hardest
The BNB Chain, Binance’s blockchain, was the biggest target, suffering 14 attacks accounting for almost half (46.7%) of the total losses. Ethereum followed with 9 incidents (30% of losses), while other chains like Solana, Polygon, and Avalanche also saw attacks, though fewer in number.
Overall Crypto Crime Decreasing
According to ImmuneFi, the total amount lost to crypto crime year-to-date is down 15% compared to last year. While November’s losses were relatively low for 2024, the trend shows a general decrease in fraudulent activity across the crypto ecosystem.
Centralized Exchanges: A Growing Concern
Despite the overall decrease, ImmuneFi warns that hackers are increasingly targeting centralized exchanges. These exchanges, if compromised, can result in much larger losses than attacks on individual blockchains. So while the numbers are improving, caution remains key.
