Bitcoin.com 04 Nov 2024

Certik Web3 Security Quarterly Report: $688 Million Lost in Q2 2024, Totaling Over $1.19 Billion in H1 2024 💸

CertiK Web3 Q2 2024 Phishing Security Breaches

The Certik Web3 Security Quarterly Report for Q2 2024 highlights concerning trends in on-chain security breaches, with a substantial amount of $688 million lost across 184 incidents. This figure marks a significant 37% increase compared to Q1 2024.

Phishing attacks have emerged as the most financially damaging threat within this period, responsible for about $433 million out of the total losses.

This report reflects the increasing challenge of maintaining security within the rapidly evolving Web3 landscape and emphasizes the need for enhanced protective measures.

Source: news.bitcoin.com ↗

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