2024 Crypto HACKHUB Report
Understand the Latest Trends in Criminal Activity Through a Detailed Analysis of Major Crypto Hacks and Money Laundering Techniques
Following the ever-evolving landscape of crypto crime and money laundering offers invaluable lessons for financial crime investigators. Our 2024 Hackhub Report highlights alarming trends in private key compromises, decentralized finance (DeFi) hacks, smart contract exploits, and more. This comprehensive guide will walk you through these emerging threats to help you and your team better understand, investigate, and mitigate crypto crime.
Key Takeaways
Experts Speak
Matt Swenson
Retired HSI Cyber Division Chief, CEO BlackRainbow, North America
DeFi rather than CeFi continues to be the top target for hackers, highlighting the evolving landscape of cyber threats in the cryptocurrency sector. Many smart contracts, fundamental to DeFi platforms, have not undergone comprehensive security audits, leaving significant vulnerabilities exposed. Couple this with the substantial amounts of funds locked within these contracts, DeFi has become an increasingly attractive target for those looking to exploit these weaknesses. As this sector continues to grow, the imperative for robust security measures and vigilant oversight becomes ever more critical to safeguard against these emerging threats.
Charles Rettig
Former Commissioner of the Internal Revenue Service
The only constant in the cryptocurrency industry is change. The common attack vectors this year are different from the year before, and those from the year before that. With each innovation, new vulnerabilities emerge, making it imperative for everyone in the space to keep their security knowledge up-to-date through resources like HACKHUB. By understanding the latest trends in hacks, we empower ourselves to anticipate and mitigate potential threats more effectively.