๐Ÿš€ Web3 Security Update! ๐Ÿš€

As 2024 wraps up, Cyvers reports a $2.361B loss in crypto due to cyber threats, marking a 40% rise from 2023. Despite the challenges, there's optimism as recovery efforts returned $1.3B to affected projects! ๐Ÿ’ช

๐Ÿ” Key Insights:

- Access control incidents led to $1.9B in losses.

- Ethereum was the most affected network.

- Notable hacks: DMM Bitcoin ($305M) & WazirX ($235M).

Looking ahead, brace for new threats from quantum & AI tech. Let's discuss how the community can bolster defenses! ๐Ÿ’ฌ Share your thoughts below! #Web3 #CryptoSecurity