Crypto Hackers and Rug Pullers Steal $71,021,500 in November With BNB Chain Emerging As the Top Target
New data from crypto security firm ImmuneFi reveals that hackers and fraudsters stole tens of millions of dollars with the blockchain of Binance being their top target.
In a new thread on the social media platform X, ImmuneFi says that the crypto markets have seen an overall decrease in fraudulent activity compared to a year ago, suggesting that crypto is getting safer overall.
“Is crypto getting safer? The ecosystem has lost $1.48 billion to hackers and rug pullers YTD (year-to-date) – a 15% decrease compared to $1.7 billion during the same period last year. The decrease is also noticeable on a month-over-month basis.”
According to ImmuneFi, even though November saw over $71 million stolen by hackers and rug pullers, the number pales in comparison to the amount stolen last year.
“In November 2024, we saw total losses of $71 million, the second-lowest monthly loss this year. Looking at the same period last year, over $343 million was lost.”
In its Crypto Losses in November 2024 report, ImmuneFi notes that bad actors targeted the BNB Chain, the blockchain of the world’s largest crypto exchange by volume, the most.
According to the data, leading smart contract platforms Ethereum (ETH) and Solana (SOL) and layer-1 blockchain Avalanche (AVAX) were impacted as well.
“BNB Chain suffered 14 individual attacks, representing 46.7% of the total losses across targeted chains. Ethereum experienced 9 incidents, representing 30% of the total. Solana, Polygon, Fantom, Avalanche, Arbitrum, and Aptos each experienced one incident, accounting for 3.3%, respectively.”
ImmuneFi concludes by noting that investors shouldn’t quite celebrate the dip in numbers as bad actors are increasingly targeting centralized exchange platforms, which tend to get hit harder by hacks.
Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Follow us on X, Facebook and Telegram
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: Midjourney
The post Crypto Hackers and Rug Pullers Steal $71,021,500 in November With BNB Chain Emerging As the Top Target appeared first on The Daily Hodl.
Go to Source
Author: Mehron Rokhy
