Immunefi, a blockchain security firm, reports that the cryptocurrency industry faces ongoing threats from hacks and scams as it heads into 2024. This year, the sector recorded over $1.4 billion in losses across 179 security incidents.
In October, losses persisted, albeit at a lower rate, highlighting a continuing vulnerability in cryptocurrency platforms. The data suggests that even with decreased monthly exploitation, the cumulative impact remains substantial.
The report stresses the necessity for improved security measures to counteract these persistent threats, calling attention to a need for vigilance in upcoming years.
