DeFi Exploits Plunge 40% In 2024, But Centralized Exchange Losses Soar – Report
2024年12月25日 - 2:00PM
NEWSBTC
According to a report published today by blockchain security firm
Hacken, decentralized finance (DeFi) protocols witnessed a steep
decline in exploits in 2024, while centralized finance (CeFi)
platforms more than doubled their losses due to security breaches.
DeFi Platforms Show Better Security Mechanisms In its annual “Web3
Security Report,” Hacken outlined the general trends in the
cryptocurrency industry with regard to scams and security
infrastructure. The report notes that total losses arising from
security failure in 2024 stood at $2.91 billion. Related Reading:
WazirX Exchange Releases Post-Mortem Report: Was North Korea Behind
The $235M Exploit? DeFi protocols accounted for $474 million in
losses this year, a 40% decline from $787 million in 2023. This
sharp drop reflects the growing adoption of advanced security
techniques, such as zero-knowledge cryptography and multi-party
computation, across the DeFi ecosystem. One key factor contributing
to the reduction in DeFi exploits was the sharp decline in
cross-chain bridge hacks. Losses from these attacks have
consistently fallen – from $1.89 billion in 2022 to $338 million in
2023, and finally to $114 million in 2024. In contrast, CeFi
platforms, including cryptocurrency exchanges, reported $694
million in losses in 2024, more than double the $339 million
recorded in 2023. CeFi accounted for nearly one-third of all
crypto-related incidents, highlighting persistent vulnerabilities
in centralized systems. Gaming and metaverse projects were another
major target in 2024, responsible for nearly 20% of all
crypto-related hacks, with $389 million in losses. The largest
gaming/metaverse breach of the year was the PlayDapp exploit in Q1
2024, which resulted in a $290 million loss. Phishing scams also
remained a significant concern, causing more than $600 million in
losses this year. These scams highlight increasingly sophisticated
social engineering tactics in the Web3 space. In November, the
sector faced a $129 million address poisoning attack. For context,
address poisoning phishing involves attackers sending small
transactions from an address that closely resembles one the victim
has interacted with, tricking them into mistakenly sending funds to
the fraudulent address in future transactions. Memecoins And
Rugpulls Continue To Prey On Users While memecoins were all the
rage for the majority of 2024 – particularly on the Solana (SOL)
blockchain due to its low transaction costs – a significant
proportion of them preyed on investors through presale scams and
celebrity-endorsed rug pulls. Related Reading: Dogecoin & Other
Memecoins No Longer Grabbing Social Media Attention: Santiment One
notable example is the Hawk Tuah memecoin, launched by viral
influencer Hailey Welch, popularly known as “Hawk Tuah Girl”. The
coin’s value plummeted 95% shortly after launch, sparking severe
backlash from the wider Web3 community. The rise in
memecoin-related scams also underscores the need for greater
investor education, particularly when engaging with such
speculative assets. At press time, Bitcoin (BTC) trades at $98,921,
up 5.8% in the past 24 hours. Featured image from Unsplash, chart
from Tradingview.com
Dogecoin (COIN:DOGEUSD)
過去 株価チャート
から 11 2024 まで 12 2024
Dogecoin (COIN:DOGEUSD)
過去 株価チャート
から 12 2023 まで 12 2024