TechFlow news, on December 24, according to the latest report from blockchain security firm Cyvers, cryptocurrency hacking attacks in 2024 resulted in losses of $2.3 billion, a 40% increase compared to 2023.
Data shows that there were 165 attack incidents throughout the year. Vulnerabilities in access control led to losses as high as $1.9 billion, accounting for 81% of total losses; smart contract vulnerabilities caused $456 million in losses, while address fraud attacks resulted in approximately $68.7 million in losses.
Cyvers CEO Deddy Lavid stated that private key management vulnerabilities at centralized exchanges and cryptocurrency custodians are the main sources of risk, and warned that North Korean hackers may target Bitcoin ETFs in 2025.
