🚨 Attention, crypto enthusiasts! 🚨

Cyvers has revealed that losses from hacks and scams in the crypto ecosystem have reached a record $2.1 billion in 2024. 😱

- **CeFi vs DeFi**: Centralized finance (CeFi) suffered the most, with a 984% increase in losses, while decentralized finance (DeFi) showed greater resilience, with a 25% drop in losses.

- **Major incidents**: The hack of Japanese exchange DMM led the way with $305 million in stolen BTC.

- **Security**: Cyvers urges the industry to improve access controls and real-time threat detection.

What do you think about these security challenges in crypto? Leave us your comment! 💬