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#CeFi platforms lost $413M in Q3 2024, with hackers increasingly targeting centralized systems

Major hacks include #WazirX ($235M) & #BingX ($52M), totaling 69.5% of losses

#Ethereum and #BNBChain were top targets, accounting for 44.1% and 23.5% of hacks, respectively

Recovery efforts are low, with only $14.9M returned, highlighting the need for better security in CeFi

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2024 sees record $1.19B in #crypto thefts; July alone accounts for $269.4M in losses

#WazirX lost $235M, making it July’s biggest hack

#CeFi platforms suffered $636M in losses, #defi $554M

#Ethereum and $BNB Chain are top hacking targets, with 71.4% of on-chain losses

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Q2 2024 saw #crypto hacks surge, costing industry $573M; CeFi platforms hit hardest despite fewer incidents than #defi .

Major losses include $305M from Japanese exchange and $55M from Turkish platform.

#Ethereum and $BNB Chain top targets; scams only 1.5% of total losses.

Year-over-year, crypto losses rise sharply, highlighting increasing complexity of cybercrime in digital finance.

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