A Cyvers report reveals that centralized and decentralized digital asset platforms suffered $ 2.114 billion in losses in the first nine months of 2024, surpassing 2023’s total. Hacks and breaches account for the majority of these losses, emphasizing the need for enhanced security measures. Centralized Exchange Hacks Surge Nearly 1,000% Cybersecurity Cyvers’ analysis shows …
In August, approximately $ 310.9 million was lost to exploits, hacks, and scams. However, digital assets worth $ 10.3 million were recovered, resulting in a net loss of $ 300.6 million. According to the security firm Certik, this is the second-highest monthly loss in 2024 so far. While May had the highest …
Popular bug bounty platform Immunefi has found that the global cryptocurrency ecosystem suffered increased hacks and frauds in the second quarter of 2024, losing $ 572.7 million. According to a recent report, this is a 112% increase compared to the same period last year. Immunefi noted that the two largest exploits of the year …
Digital assets worth over $ 572.7 million were lost to hacks and fraud in the second quarter of 2024. This latest figure brings the value of digital assets lost to hacks, fraud, and scams in 2024 to $ 920.9 million. Decentralized finance (defi) platforms lost approximately $ 172.1 million across 63 incidents. …
According to Nikita Ovchinnik, founder of Barter Defi, decentralized finance (defi) protocols are increasingly becoming the primary target of most hacking attacks because defi “lays bare its inner workings for all to see.” He said the open-source nature of defi means hackers and malicious actors have ample time to study and identify weaknesses or vulnerabilities […]