#Crypto hacks surge to $2.1B in 2024, CeFi hit hardest — Cyvers.
Threats like AI-driven attacks and quantum computing vulnerabilities need to be addressed with real-time monitoring and solid regulation.
Web3 cybersecurity company Cyvers has found that losses to hacks and scams have skyrocketed in the cryptocurrency ecosystem in 2024. Losses in the first three quarters of the year have reached an all-time high of $2.1 billion and already exceeded the total losses in 2023.
Centralized finance (CeFi) operators were hit harder than decentralized finance (DeFi) operators, with a 984% year-on-year increase in the three quarters of 2024. Much of that came in the second quarter of the year when $401 million was lost.
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