Crypto hacks and scams led to losses of 3.01 billion USD in 2024, a surge of 15% compared to the previous year. Hacks were primarily responsible, causing 2.15 billion USD in damages, while scams accounted for 834.5 million USD. DeFi protocols were the main targets due to their inherent vulnerabilities.

May 2024 saw the highest losses in the year, with damages reaching 662.2 million USD. The situation gradually improved towards the end of the year, indicating possibly better security practices or a reduction in criminal activity. However, the year was marked by MAJOR incidents, including massive losses by DMM Bitcoin and PlayDapp.

Globally, pig butchering scams caused losses of 3.6 billion USD in 2024, signaling their increasing sophistication. Other platforms like Chainalysis and Immunefi reported an upward trend in crypto hacking incidents. Despite significant losses globally, both experts and the industry recognize the need to intensify the fight against crypto crimes in the coming years.