CoinVoice recently learned, according to a report from Bitcoin.com summarizing Cyvers' key security trends for 2024, that Web3 network threats have sharply increased in 2024, with losses exceeding $2.3 billion and a total of 165 security incidents. Although the loss amount is 40% higher than in 2023 ($1.69 billion), it is still $1.42 billion lower than in 2022 ($3.78 billion). Notably, $1.3 billion of stolen funds were recovered this year.
Cyvers indicates that incidents related to access control (67 occurrences) accounted for 81% of the total losses of $2.3 billion, approximately 98 occurrences of smart contract vulnerabilities resulted in total losses of $456.3 million, and one address poisoning incident caused losses exceeding $68 million.
When breaking down losses by attack vector over the past three years, the data shows that losses related to access control violations gradually increased from $769 million in 2022 to $1.9 billion by the end of 2024. In contrast, losses related to code exploitation in 2023 and 2024 were far lower than the approximately $3 billion in losses in 2022. [Original link]