Report: 165 security incidents have occurred in the Web3 field so far in 2024, with losses exceeding US$2.3 billion

22/12/2024 08:43

According to Cyvers' report summarizing key security trends in 2024, Web3 network threats increased dramatically in 2024, with losses exceeding $2.3 billion and a total of 165 security incidents. Although the amount of losses was 40% higher than in 2023 ($1.69 billion), it was still $1.42 billion lower than in 2022 ($3.78 billion). It is worth mentioning that $1.3 billion of stolen funds were recovered this year. Cyvers said that access control-related incidents (67) accounted for 81% of the $2.3 billion in losses, and about 98 smart contract vulnerabilities caused losses totaling $456.3 million, and one address poisoning incident caused losses of more than $68 million. When breaking down losses by attack vector over the past three years, the data shows that losses related to access control violations gradually increased from $769 million in 2022 to $1.9 billion by the end of 2024. By comparison, losses related to code exploits in 2023 and 2024 are far lower than the roughly $3 billion in losses in 2022. (Bitcoin.com)

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Report: 165 security incidents have occurred in the Web3 field so far in 2024, with losses exceeding US$2.3 billion

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