Hackers and fraudsters have targeted the Binance blockchain as their primary target, stealing tens of millions of dollars, according to new data from cryptocurrency security firm ImmuneFi.
ImmuneFi said in a new thread on social media platform
“Are cryptocurrencies becoming more secure? The ecosystem has lost $1.48 billion YTD (year to date) due to hackers and rug pullers. This is a 15% decrease compared to $1.7 billion in the same period last year. “The monthly decrease is also noticeable,” he said.
Hackers and rug pullers stole more than $71 million in November, according to ImmuneFi, but that figure pales in comparison to the amount stolen last year.
“Total losses in November 2024 were $71 million, the second lowest monthly loss of the year. “If you look at the same period last year, there was a loss of over $343 million,” he said.
In its November 2024 Crypto Loss Report, ImmuneFi noted that malicious actors most frequently targeted the BNB chain, the blockchain of the world’s largest cryptocurrency exchange by trading volume.
According to the data, major smart contract platforms Ethereum (ETH) and Solana (SOL) and layer 1 blockchain Avalanche (AVAX) were also affected.
“The BNB chain suffered 14 separate attacks, representing 46.7% of the total loss of the target chain. Ethereum experienced 9 incidents, accounting for 30% of all incidents. Solana, Polygon, Fantom, Avalanche, Arbitrum and Aptos each experienced one incident and each accounted for 3.3%.”
ImmuneFi concludes by noting that investors should not celebrate the decline in numbers much, as malicious actors are increasingly targeting centralized exchange platforms, which tend to suffer more from hacks.
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