Web3 Security Incidents Caused $680 Million in Damage in Q2

IconCryptoNewsTerminal Staff05 Jul, 2024

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Web3 Security Incidents Caused $680 Million in Damage in Q2

CertiK, a blockchain security firm, has released its Web3 Security Report for Q2 2024. The report reveals that there were 184 on-chain security incidents during the period, resulting in losses of $688.1 million. This represents a 37% increase compared to the previous quarter. Phishing attacks were the most common type of incident, with 67 cases, followed by private key leaks, with 16 cases. The largest single incident was the DMM exchange hack, which resulted in losses of $304 million. These incidents highlight the importance of taking steps to protect your Web3 assets. Some tips for staying safe include: Use a strong and unique password for your cryptocurrency wallet. Enable two-factor authentication (2FA) on your wallet. Be wary of phishing attacks. Never click on links or open attachments from unknown senders. Only store your cryptocurrency in reputable wallets. * Keep your software up to date. By following these tips, you can help protect your Web3 assets from theft.

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