Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesBotsEarnCopy
Report: 165 security incidents have occurred in the Web3 field so far in 2024, with losses exceeding US$2.3 billion

Report: 165 security incidents have occurred in the Web3 field so far in 2024, with losses exceeding US$2.3 billion

CointimeCointime2024/12/22 02:00
By:Cointime

According to a report summarizing key security trends in 2024 by Cyvers, Web3 network threats will increase sharply in 2024, resulting in losses of over 2.3 billion US dollars and a total of 165 security incidents. Although the loss amount is 40% higher than in 2023 (1.69 billion US dollars), it is still 1.42 billion US dollars lower than in 2022 (3.78 billion US dollars). It is worth noting that 1.3 billion US dollars of stolen funds were recovered this year.

Cyvers stated that events related to access control (67 incidents) accounted for 81% of the 2.3 billion US dollars in losses, with a total of 456.3 million US dollars in losses caused by approximately 98 incidents of smart contract vulnerabilities, and over 68 million US dollars in losses caused by address poisoning incidents.

When breaking down losses by attack vector over the past three years, data shows that losses related to access control violations have gradually increased from 769 million US dollars in 2022 to 1.9 billion US dollars by the end of 2024. In contrast, losses related to code vulnerability exploitation in 2023 and 2024 were far lower than the losses of approximately 3 billion US dollars in 2022.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

Metaplanet’s Daring Move: Japan Firm Invests $25M More in Bitcoin, Acquires Additional 555 BTC

Metaplanet Strengthens Institutional Demand with Bitcoin Strategy - Leads to Stock Gains and Expands Global Crypto Investment

Coineagle2025/05/08 14:22
Metaplanet’s Daring Move: Japan Firm Invests $25M More in Bitcoin, Acquires Additional 555 BTC

New Hampshire Takes Lead in Bitcoin Reserve Legislation: Are Other States Next?

New Hampshire Takes Lead in Crypto Legislation: Sets Precedent with Bitcoin Reserve Law Post Arizona's Rejection

Coineagle2025/05/08 14:22
New Hampshire Takes Lead in Bitcoin Reserve Legislation: Are Other States Next?

New spot margin trading pair — SXT/USDT!

Bitget Announcement2025/05/08 13:36