TechFlow news, according to the "BNB Chain Security Report for Q2 2024" released by Salus Security, BNB Chain has made significant progress in security during the second quarter of 2024. Financial losses due to security incidents dropped 87% year-on-year to $9.2 million, while the number of security incidents decreased from 115 in Q1 2023 to 35.
In April, 17 security incidents were reported with losses totaling $5.7 million; in May, incidents decreased but losses rose to $5.71 million; in June, incidents reached their lowest count and losses fell to $317,000. The primary attack types were exit scams and smart contract vulnerabilities, accounting for 27 incidents in total.
Salus Security recommends enhancing monitoring systems, conducting regular security audits, adopting best practices in smart contract development, and promoting community security awareness education. The report indicates that BNB Chain's security measures have been effective, resulting in a significant reduction in both incident counts and financial losses.
