The Web3 security company Cyvers has just released the Security, Fraud, and Compliance Report for 2024, revealing that the cryptocurrency industry has lost over $2.361 billion due to cyber threats across 165 incidents. This figure represents a 40% increase compared to 2023.
- Access control incidents accounted for 81% of losses, resulting in a loss of $1.9 billion across 67 incidents.
- Ethereum is the most heavily affected network with over $1.2 billion lost.
- Q3 2024 recorded the highest losses at $790 million, while Q4 saw a 56% decrease compared to the same period last year.
2024 also witnessed a significant recovery with over $1.3 billion returned thanks to bug bounty programs. 🔍
It is expected that new threat trends such as quantum attacks and AI may emerge next year.