🚨 Crypto News 🚨

- Cyvers detects scams & hacks in the crypto ecosystem in 2024, reaching a record $2.1 billion, surpassing total losses in 2023! 😱

- CeFi was hit harder than DeFi with a 984% increase YoY. Q2/2024 lost $401 million, mainly from hacks on Japanese exchange DMM ($305 million BTC) and Turkish BtcTurk ($55 million).

- DeFi saw a 25% YoY loss, but still lost $171.3 million from 62 incidents, mainly on Ethereum and BNB Chain.

- DeFi has lost $1.6 billion from 51 incidents year-to-date, compared to $742.6 million from 16 incidents for CeFi.

- Smart contract vulnerabilities cost $380.4 million from 79 incidents in 2024, down from $429.6 million from 28 incidents in 2023.

- Cyvers calls on the crypto industry to proactively deal with emerging threats such as AI attacks and quantum computer vulnerabilities.

💬 What do you think about this situation? Comment now!#CryptoNews#Blockchain#BTC#DeFi#CeFi#Security