Cryptocurrency Hacks 2024: Centralized Exchanges Hit Hard with 900% Surge in Theft
In 2024, cryptocurrency hacks have shifted focus to centralized exchanges, witnessing a 900% rise in stolen funds in comparison with final 12 months, based on Cyvers. Their mid-year safety report reveals almost $1.4 billion in complete stolen crypto, with $600 million misplaced in simply Q2. This represents a 100% enhance from the identical interval in 2023. Whereas DeFi protocols have gotten extra resilient, centralized exchanges face vital breaches as a result of asset focus and attainable safety lapses. The rise in cryptocurrency hacks 2024 highlights the pressing want for stronger safety measures on these platforms.
