**DeFi Security Gains, CeFi Struggles in 2024**

DeFi security saw a 40% drop in financial losses in 2024, thanks to improved protocols and cryptographic measures, according to Hacken's Web3 Security Report. Losses fell from $787 million in 2023 to $474 million, with bridge-related exploits significantly reduced.

In contrast, CeFi faced a tough year, with breaches more than doubling, leading to $694 million in losses. Notable hacks like those on DMM Exchange and WazirX highlighted vulnerabilities in private key management and multisignature setups.

The report underscores the need for better security practices across both sectors.