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CryptoIntelligence 2024-04-07 04:47:00

Surge in Sophistication: Blockchain Security Threats Intensify with $239M Lost to Attacks in Early 2024

Surge in Sophistication: Blockchain Security Threats Intensify with $239M Lost to Attacks in Early 2024

In the first three months of 2024, the blockchain security sphere faced challenges that, while seemingly typical, underscored a growing concern over the sophistication of cyber-attacks, particularly those involving private key compromises and phishing. Ronghui Gu, a co-founder of CertiK, a blockchain security company, shared insights with Cointelegraph about these challenges. He noted a significant uptick in losses due to private key compromises, marking a stark increase to $239 million from just $18.8 million in the same period last year, an alarming rise of 1,171%. CertiK’s “Hack3d” quarterly security report shed light on these figures, revealing that despite only 26

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