Russians lose over $150 million in stolen crypto in single year
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Russian residents have lost a staggering amount of money to crypto theft in a year, according to a study conducted by cybersecurity experts in the country. Russia’s share of the global cryptocurrency losses in 2024, although difficult to accurately estimate, exceeds $150 million, the authors say. Last year saw hundreds of successful hacking attempts on platforms providing crypto-related services around the world, they noted, while the largest cryptocurrency heist in history took place in February 2025 when some $1.5 billion in digital assets were stolen by hackers. Russian crypto victims lost billions of rubles to hackers A company specializing in digital asset security has done its best to gauge the losses incurred by Russian crypto holders as a result of hacking attacks last year. And the numbers are impressive, the Russian business news portal RBC wrote in a post on its crypto page. The total financial damage inflicted on Russian users by crypto thieves in 2024 has been estimated at over $150 million, or between 12.7 and 15 billion Russian rubles at the current exchange rate, the report revealed, quoting Shard, a Russia-based firm conducting risk assessment for digital assets. In 2024, hackers carried out more than 160 major attacks on cryptocurrency platforms around the world, the Russian company’s Director of Investigations Grigory Osipov told RBC. The losses exceeded $2.16 billion, he detailed. To estimate the size of the damages for Russian citizens, Shard’s analysts based their calculations on Russia’s share of the global crypto market, which is around 7%. “Assessing the damage from thefts in the crypto space is extremely difficult,” Osipov explained. Less than a third of IT crimes get reported to the state Only about 30% of the victims of IT crimes have reported these incidents to law enforcement authorities in 2024, Osipov pointed out, referring to…
Filed under: News - @ April 11, 2025 6:28 pm