According to Odaily Planet Daily, IntoTheBlock posted on the X platform that the losses caused by DeFi security incidents have reached nearly $59 billion so far. Historically, the main reasons for attacks on DeFi projects include private key management, mechanism design, and smart contract vulnerabilities. However, the first quarter of 2024 showed a shift, with most of the losses attributed to Rug Pull, which was due to the overall rise in the cryptocurrency market.

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