Deep Tide TechFlow News, on December 24, according to the latest report from the on-chain security company Cyvers, losses from cryptocurrency hacking attacks in 2024 reached $2.3 billion, a 40% increase compared to 2023.

Data shows that there were a total of 165 attack incidents throughout the year, with losses due to access control vulnerabilities reaching $1.9 billion, accounting for 81% of total losses; smart contract vulnerabilities caused losses of $456 million, while address fraud attacks resulted in losses of approximately $68.7 million.

Cyvers CEO Deddy Lavid stated that private key management vulnerabilities in centralized exchanges and cryptocurrency custody institutions are the main sources of risk, warning that in 2025, North Korean hackers may shift their targets to Bitcoin ETFs.