Ethereum (ETH) Ecosystem Loses $400M in Exploits Year-to-Date: Report

New research from cybersecurity firm SlowMist reveals that the Ethereum (ETH) ecosystem has lost $400 million in exploits year-to-date as the number of crypto hacking cases sees a 50% rise.

Cybersecurity firm SlowMist has released its 2024 mid-year report, highlighting a 50% increase in crypto hacking cases and $1.43 billion in total losses.

According to the report, the Ethereum (ETH) ecosystem has lost the most funds due to exploits year-to-date, amounting to $400 million.

This is followed by layer-2 scaling solutions Arbitrum (ARB) and Blast, which incurred losses of $72.46 million and $70 million, respectively.

“From an ecosystem perspective, Ethereum suffered the highest losses, amounting to $400 million. Followed by, Arbitrum incurred losses of $72.46 million, and Blast suffered losses of $70 million.

Additionally, Binance Smart Chain (BSC) experienced the highest number of security incidents, totaling 57, with losses of approximately $32.12 million.”

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