Crypto security firm CertiK's latest report reveals a whopping $1.19 billion lost to onchain security incidents in H1 2024, with phishing attacks and private key compromises being the main culprits. The DMM Bitcoin attack was the largest, resulting in a loss of $304 million. Amid these security breaches, the US passed the FIT21 bill, aiming to bolster consumer protections and support crypto innovation. Despite the alarming losses, CertiK co-founder Ronghu Gu remains optimistic, noting that the trend isn't downward and simple measures like two-factor authentication can significantly enhance security.