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$44 Billion Dollars Stolen From Crypto Investors Last Week… Just Kidding It Was Only $440 Million and 28 Exploits but Still!

BlockchainCrypto NewsHack Linda Williams October 4, 2024

A comic illustration depicting various crypto hacks and exploits, with a central figure representing the industry surrounded by 28 smaller figures symbolizing each incident. The largest figure in the center is shown being drained of funds through multiple channels, while other surrounding figures are seen suffering from reentrancy attacks, smart contract vulnerabilities, and centralized exchange breaches.

Just when you thought it was safe to go back into the crypto pool, hackers strike again! According to a report by Hacken, $440M in 28 exploits were pulled off in Q3 alone. That’s like throwing money out of your wallet and watching as strangers pick it up – except instead of people on the street, you’ve got sophisticated cyber thieves with an eye for crypto riches.

Source: cointelegraph

Hackers got away with $440M in 28 exploits in Q3: Report
https://cointelegraph.com/news/hackers-got-away-with-440m-in-28-exploits-in-q3-report
The third quarter saw the smallest losses from hacks that the industry has seen in the last three years, according to a report by cybersecurity company Hacken. About $460 million was stolen across 28 incidents. Still, the recovery rate was the lowest in recent years at only 5%. Hacken breaks down this data along with the broader state of Web3 security in Q3. It also discusses major types of attacks, […]

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Please be aware that the content may be exaggerated, fictionalized, or otherwise altered to create a comedic effect. It is not intended to provide financial advice, make accurate predictions, or offer any serious commentary on current events or financial markets.

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About the author

Linda Williams

Linda’s venture into cryptocurrency ended in a gut-wrenching disaster when she lost her private keys due to a ridiculous mishap involving coffee and a particularly reckless cat. With her funds locked away forever, Linda now pours her frustration into writing biting critiques of crypto’s absurdities, dripping with sarcasm. Her tagline? “I lost my private keys and my sanity. Crypto promised freedom, but all it gave me was a lifetime of regret.”

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Disclaimer

The content presented on this site is intended solely for entertainment purposes and should not be taken as factual or reliable information. This site employs satire and humor to discuss global news, current events, finance, and cryptocurrency. The views expressed here are not meant to be taken seriously and do not represent the opinions of any individuals, organizations, or entities discussed.

Please be aware that the content may be exaggerated, fictionalized, or otherwise altered to create a comedic effect. It is not intended to provide financial advice, make accurate predictions, or offer any serious commentary on current events or financial markets.

Readers are encouraged to verify any claims or statements with credible sources and should not make any decisions based on the information provided here. This blog is not responsible for any actions taken based on its content. Always consult a qualified professional before making any financial or investment decisions.

Please do not hesitate to contact us if you have any questions or concerns.

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