The post Crypto Hack Weekly Report: $2.2 Billion Stolen in 2024, Centralized Exchanges Hit Hard appeared first on Coinpedia Fintech News In the cryptocurrency space this week, there was a rise in the incidence of cybercriminal activity, that was more common and elaborate than before. Ranging from multi-million dollar breaches to sanctions on laundering operations and the size of losses point to the need for better security mechanisms. Crypto Heists of 2024: Big Data Breaches Continues Crypto fraud remains a significant and real problem as the industry suffers billion-dollar hacks. According to Chainanalysis, $2.2 billion was stolen in 2024 , clearly a 21% increase to that of 2023. Centralized exchanges received the most losses which replaced that of the DeFi domain previously. Again, North Korean actors were found to have stolen $1.34 billion, which is over double the total for 2023. Wazirx Under Siege: Delisting, and Legal Battles The troubled Indian cryptocurrency trading platform WazirX is in the crosshairs now. The case stemmed from a $235 million hack this year, and the Delhi High Court has demanded a reinvestigation . Making the situation worse, Binance has delisted the WRX token, with the token seeing its value decrease by an astonishing 51%. With trust deteriorating, WazirX is staring at contingency measures that include a possible shift to the DEX model. Flashloan Exploit Targets Slurpycoin The latest blockchain affected by the exploitable flash loan vulnerability was a Binance Smart Chain coin, Slurpycoin that lost $3000 . The attacker utilizing the buyback mechanism has engaged with arbitrage strategies to reveal issues with DeFi tokenomics. North Korea’s Crypto-Laundering Operation Revealed The U.S. Department of the Treasury recently put two individuals and a UAE-based firm, Green Alpine Trading, LLC, on its list of those involved in the laundering of virtual currency used to finance North Korea’s weapons programmes . This operation transferred millions to finance the missile build-up of the regime and brought to the forefront the role of crypto crime impact to the world. Fallout From the Lastpass Breach: Millions Lost Again As a consequence of the LastPass backup data breach , the hackers used the stolen vault data and hacked more than forty wallets and made off with $5.36 million. This piles on another over $200 million in losses related to the breach, putting in perspective the dangers of data retention on the web. Other Noteworthy Attacks zkPass Protocol: Due to the Compromised X account by attackers, users were exposed to these phishing scams. BTC24H (Polygon): Contract-related vulnerabilities cut down $85,700 from the contract. The rise of cyber-attacks and their increasing sophistication leaves the crypto market no room for complacency. 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