Blockchain Security Reports Over $6 Billion Losses Due To Hacks And Frauds
According to Foresight News, Cyvers Alerts, a blockchain security monitoring service, has reported that the total losses from hacks and frauds in the cryptocurrency sector have exceeded $6 billion. This marks a 40% increase in overall exploitations compared to the previous year. Access control vulnerabilities were the most significant issue, accounting for 81% of the total losses.