📉 Q3 2024 Hacks Were Lowest in 3 Years, But $440M Was Lost Forever! 📉

- The number of hacks in Q3 2024 dropped to a three-year low, with just 28 incidents resulting in a total loss of $463.6 million.

- The bad news, however, is that 95% of the stolen funds were never recovered. 😱

- Asia was the biggest victim with losses of $264 million, followed by Australia ($43.3 million), Europe ($22.16 million), and North America ($15 million).

- The most damaging type of attack was access control, with 8 incidents resulting in losses of $316 million.

- Reentrancy attacks were also rampant, with 3 incidents resulting in losses of over $33 million.

- While traditional rug pulls declined, meme coin launches on platforms like Base, Tron, and Solana increased. Of the 2 million coins launched on Solana, only 89 reached a market cap of $1 million.

What do you guys think about this trend? Comment below! 👇