Immunefi CEO Highlights Human Factor in Future Crypto Security Challenges

According to ChainCatcher, Immunefi CEO Mitchell Amador stated in a recent interview that despite the ongoing rise in cryptocurrency losses, on-chain security is improving. The year 2025 marked the highest number of hacking incidents on record, but the most significant security failures were not due to on-chain code vulnerabilities. Instead, they stemmed from Web2 operational errors, such as password mishandling, private key exposure, compromised devices, and human mistakes. As code becomes increasingly difficult to exploit, the primary attack vector for crypto security in 2026 will be human-related factors. This aspect has become a critical weak point that Web3 participants must prioritize. This perspective aligns with findings from a Chainalysis report, which revealed that cryptocurrency losses due to scams and fraud amounted to approximately $17 billion in 2025. The report noted a 1400% year-on-year increase in impersonation scams, while AI-driven scams demonstrated a profitability rate 450% higher than traditional methods.