Cyvers CEO: More than 70% of funds stolen in crypto attacks come from CeFi entities

Deddy Lavid, co-founder and CEO of Web3 security company Cyvers, said that CeFi entities account for about 70% of the losses caused by cryptocurrency hacks, in terms of lost funds and the number of vulnerabilities. “(CeFi) accounts for about 70% of the total losses in the incident. That being said, attacks on smart contract-based projects are increasing. Today’s biggest security vulnerabilities stem from code and personal negligence.” (Cointelegraph)