In 2024, crypto-related hacking activities surged, resulting in losses exceeding $3.01 billion, a 15% increase from the $2.61 billion lost in 2023. Of this total, $2.15 billion was attributed to hacks, while scams accounted for approximately $834.5 million. Notably, North Korean hackers were responsible for $1.34 billion of the losses, including a significant $300 million theft from Japan's DMM exchange. The year saw 165 hacking incidents, with $2.3 billion stolen, marking a 40% increase from 2023's $1.69 billion. Despite the scale of the losses, $488.5 million was recovered. The rise in hacking activities coincided with Bitcoin's surge past $100,000, making centralized exchanges and custodians prime targets for cybercriminals.