North Korea-Linked Hackers Steal Over Half of Crypto's $1 Billion Hacked So Far This Year

Crypto hacks have surpassed $1 billion in losses for the first half of 2024, according to blockchain security firm Blockaid. This marks one of the most costly periods for the digital asset industry in recent years.

The majority of stolen funds were taken from projects built on Ethereum and Solana, two of the most widely used blockchain networks. North Korean-linked hacker groups accounted for roughly $600 million of the total losses.

Ethereum-based decentralized finance (DeFi) protocols suffered the largest share of losses, followed by Solana-based projects. The data highlights a shift in attacker focus toward cross-chain bridges and liquid staking platforms, which often hold large pools of user funds in a single contract.