Analysts call hacker attacks a serious threat to DeFi

Hacker attacks and breaches remain a major threat to the decentralized finance sector (DeFi), despite the reduction in the level of damage in 2023. Halborn analysts came to this conclusion, wrote CoinDesk.

The report includes the top 100 hacks in DeFi from 2016 to 2023. Total losses amounted to $7.4 billion, and most of the attacks occurred on projects in the Ethereum, BNB Chain and Polygon.

According to analysts, while on-chain exploits (such as asset price manipulation) are the most common attacks, off-chain attacks such as private key theft account for 29% of total incidents and 34.6% of total money spent. stole

According to Halborn, only 21% of broken protocols used multi-signature wallets. Analysts noted that many of the projects attacked were not audited.

Previously Cyvers Co-Founder and CEO Deddy Lavid designated centralized finance projects the biggest target for hackers in 2024. According to him, they account for about 70% of incidents in terms of lost money and the number of jobs.

Since the beginning of the year, as a result of 149 incidents, damage to the industry from the actions of hackers and fraudsters reached $1.19 billionaccording to Immunefi.

Let us remind you that only in July cryptocurrency projects it lost $278.8 million due to attackers – the second highest figure this year, according to CertiK.

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