🔍 Hacken 2024 Web3 Security Report shows DeFi reduces financial losses by 40% thanks to protocol improvements and stronger security. Meanwhile, CeFi struggles with losses doubling to $694 million. 📉

- DeFi reduces losses from $787 million (2023) to $474 million (2024), especially due to reduced bridge attacks.

- CeFi is hit hard with major hacks such as DMM Exchange and WazirX, losing $305 million and $230 million respectively.

💡 Opportunities for improvement for both DeFi and CeFi when strict key management and automated monitoring are required.

👉 What do you think about the future of DeFi and CeFi? Comment below!