New knowledge from crypto safety agency ImmuneFi reveals that hackers and fraudsters stole tens of tens of millions of {dollars} with the blockchain of Binance being their prime goal.
In a brand new thread on the social media platform X, ImmuneFi says that the crypto markets have seen an general lower in fraudulent exercise in comparison with a 12 months in the past, suggesting that crypto is getting safer general.
“Is crypto getting safer? The ecosystem has misplaced $1.48 billion to hackers and rug pullers YTD (year-to-date) – a 15% lower in comparison with $1.7 billion throughout the identical interval final 12 months. The lower can also be noticeable on a month-over-month foundation.”
In response to ImmuneFi, regardless that November noticed over $71 million stolen by hackers and rug pullers, the quantity pales compared to the quantity stolen final 12 months.
“In November 2024, we noticed complete losses of $71 million, the second-lowest month-to-month loss this 12 months. Trying on the identical interval final 12 months, over $343 million was misplaced.”
In its Crypto Losses in November 2024 report, ImmuneFi notes that dangerous actors focused the BNB Chain, the blockchain of the world’s largest crypto trade by quantity, probably the most.
In response to the info, main good contract platforms Ethereum (ETH) and Solana (SOL) and layer-1 blockchain Avalanche (AVAX) have been impacted as nicely.
“BNB Chain suffered 14 particular person assaults, representing 46.7% of the full losses throughout focused chains. Ethereum skilled 9 incidents, representing 30% of the full. Solana, Polygon, Fantom, Avalanche, Arbitrum, and Aptos every skilled one incident, accounting for 3.3%, respectively.”
ImmuneFi concludes by noting that traders shouldn’t fairly rejoice the dip in numbers as dangerous actors are more and more focusing on centralized trade platforms, which are inclined to get hit tougher by hacks.
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