Golden Finance reported that according to the monitoring of the Cyvers Alerts system, cryptocurrency hacking caused $2.3 billion in losses in 2024, a 40% surge year-on-year. Deddy Lavid, CEO and co-investor of Cyvers Alerts, said that incidents are often exacerbated by private key leaks and weak key management systems, as exemplified by high-profile hacking attacks such as multi-signature wallets. Among the 67 cybersecurity incidents that occurred in 2024, access control vulnerabilities led to the theft of funds worth $1.9 billion, accounting for more than 81% of the total losses from cryptocurrency hacking attacks.