Golden Finance reported that according to a report by Web3 cybersecurity company Cyvers, the cryptocurrency ecosystem suffered losses of up to $2.1 billion in the first three quarters of 2024 due to hacker attacks and fraud, which has exceeded the total losses for the whole year of 2023. Centralized finance (CeFi) platforms were particularly damaged, with a year-on-year surge of 984%, among which the theft of $305 million in Bitcoin suffered by Japanese exchange DMM was the most prominent. In contrast, the losses of decentralized finance (DeFi) platforms fell by 25% year-on-year, but they are still vulnerable to attacks due to the complexity of smart contracts. Cyvers called for the use of technologies such as cross-chain security protocols and real-time threat detection, as well as strengthened supervision to deal with emerging AI and quantum computing attacks.