Biggest NFT Scandals and Hacks in 2024

Lahari

Convergence Finance Exploit: In August 2024, Convergence Finance suffered a major exploit where hackers manipulated a vulnerability in the CvxRewardDistributor contract, resulting in the theft of 58 million CVG tokens.

MonoSwap Hack: In July 2024, MonoSwap, a decentralized exchange, was hacked through a sophisticated social engineering attack.

PlayDapp Attacks: The NFT and crypto gaming platform PlayDapp experienced two significant attacks in February 2024, resulting in a combined loss of $290 million worth of PLA tokens.

Shido : In March 2024, hackers stole around $35 million worth of SHIDO tokens from the Layer-1 Proof-of-Stake (PoS) blockchain.

Indodax Breach: In September 2024, Indonesian crypto exchange Indodax suffered a breach that resulted in the theft of $22 million from its hot wallets, impacting multiple cryptocurrencies.

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