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The crypto sector faced serious security challenges in the second quarter of 2024, with hackers and scams causing huge losses of $572.7 million, involving 72 incidents. Compared with $336.3 million in the first quarter, the losses surged by 70.3%, and increased by 112% year-on-year in 2023.
So far this year, more than $900 million in funds have been stolen, an increase of 24% year-on-year. Among security threats, CeFi has become the main victim, accounting for 70% of the total losses, with an amount of up to $401.4 million; and DeFi's losses cannot be ignored, accounting for 30%, or $171.3 million. It is particularly noteworthy that two serious vulnerabilities caused a total loss of $360 million, accounting for 62.8% of the total losses, becoming the hardest hit area for hacker attacks. $BTC
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