According to the security firm, hacks accounted for more than 70% of crypto losses due to illicit activities in 2024, compared to 30% for scams.
Blockchain security firm PeckShield reported that hackers and scammers stole more than $3 billion in crypto-related activities in 2024, a significant increase over that of the previous year.
In a Jan. 9 X post, PeckShield retweeted data from its 2024 report suggesting that crypto hackers and scammers had stolen $400 million more in the last 12 months than in 2023 — a roughly 15% increase. However, PeckShield’s data showed that the overall number of hacks and scams had been decreasing since 2022 and tapered off at the end of 2024.
“This [2024] total includes $2.15B stolen from crypto hacks and $834.5M stolen from scams,” said PeckShieldAlert. “Notably, ~$488.5M worth of stolen cryptos has been recovered.”
