The post Q3 2024 Crypto Hacks Hit $753M: Why Phishing and Reentrancy Exploits Are Exploding! appeared first on Coinpedia Fintech News
The crypto industry made major development in the third quarter of the year 2024. With these developments, the Decentralized Finance (DeFi) platforms witnessed rising on-chain engagement, representing the universal use of tokenized assets.
However, such achievements were dispersed by the perpetual security problems. According to the Q3 hacked report by Certik, some $753 million was stolen in Q3 2024 across 155 security incidents, which is 9.5% more, in value terms at least, than in the previous period, and 27% less frequently than in the previous period. This goes a long way into showing that the malicious actors in the crypto space are becoming more sophisticated.
Hack3D Report: Q3 2024
155 hacks, scams, and exploits drained $753,094,610 from Web3 in Q3 2024. This represents a 9.5% increase in value lost compared to Q2, despite fewer inc
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