In 2024, DeFi security suffered 40% less financial losses thanks to improved protocols and cryptographic measures. Hacken’s Web3 Security Report reveals that despite DeFi’s strengthened security measures, CeFi still faces serious vulnerabilities. While losses in CeFi increased to $694 million, bridge exploits in DeFi decreased significantly. This highlights the security gap between centralized and decentralized finance. How do you think CeFi can improve its security by following in DeFi’s footsteps? We welcome your comments.