Techub News reports that according to Cointelegraph, the on-chain security company Cyvers has reported that as of now, there have been 165 hacking incidents in the cryptocurrency sector in 2024, resulting in losses exceeding 2.3 billion dollars in cryptocurrency assets, which is a 40% increase compared to 2023.

Cyvers co-founder and CEO Deddy Lavid stated that the 40% increase is primarily attributed to the rise in access control vulnerabilities, especially in CEX and cryptocurrency custodians. Lavid mentioned, "These incidents are often fueled by private key leaks and weak key management systems, with hacks on multi-signature wallets being a prime example."