Crypto thieves score big on centralized services, private keys in 2024

Crypto hackers had a busy year in 2024 and cybersecurity experts warn that continued advances in artificial intelligence could bring new attack vectors in 2025.

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Losses from crypto scams, hacks, and exploits increased by approximately 21% year-over-year in 2024 — with threat actors paying particular attention to centralized services and private keys this year, according to cybersecurity firms.

Some warn that the continued development of artificial intelligence and quantum vulnerabilities could make things worse.

In a blog published on Dec. 19, Chainalsysis said there was $2.2 billion in funds stolen in 2024, coming out of 303 incidents in the year, up from 282 in 2023.

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