Crypto losses, by quarter 2021-2024

Total cryptocurrency losses were valued at over 15 billion U.S. dollars between 2021 and 2024, although most of these came from early in the period mentioned. This is according to data from web 3 crowdsourced security platform Immunefi. While the source does not clearly state how it estimated its figures, it claims most losses occurred in Q2 2021 - citing the fraud cases of Africrypt, with a 3.5 billion U.S. dollar loss, and Thodex, with a two billion U.S. dollar loss. Much like the annual value of cryptocurrency losses from REKT Database, Immunefi seems to rely on publicly available data, and community reporting. This is not unusual for digital assets, as they are decentralized - meaning these are not tracked "officially" by government or regulatory bodies.

Value of cryptocurrency theft worldwide from Q1 2021 to Q2 2024 (in million U.S. dollars)

Characteristic	Crypto losses (in million U.S. dollars)	Year-on-year percentage change (%)
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Release date

August 2024

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Region

Worldwide

Survey time period

Q1 2021 to Q2 2024

Supplementary notes

Year-on-year percentage changes have been calculated by Statista.

The source adds it numbers come from publicly available data and news reports, which it tried to review, validate, and classify. An inclusion of such an incident in this dataset does not necessarily mean such an event did actually occur.

It also adds that for its "fraud" category, the source only considered so-called "rug pulls". Rug pulls create an image of false credibility with the idea of attracting enough outside capital through token sales or other means, with the end goal of stealing and disappearing with the acquired capital.

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