Ethereum Ecosystem Lost $400 Million From Hacking in First 6 Months of 2024: Report

Hacking losses across the entire blockchain ecosystem jumped by 50 percent from last year.

A man conducted a transaction at a cryptocurrency shop in Hong Kong on Nov. 21, 2022. Sung Pi-Lung/The Epoch Times

Among blockchain ecosystems, Ethereum suffered the most losses in hacking incidents during the first half of 2024, according to a recent report by cybersecurity firm SlowMist.

There was a total of 223 blockchain security incidents in the first half of 2024, up from 185 in the same period last year, the July 2 report states. Losses from these incidents have totaled $1.43 billion so far this year, up by more than 50 percent from 2023. Of these, the Ethereum blockchain ecosystem suffered the most with $400 million in losses, followed by Arbitum at a distant second with $72.46 million in losses.