Crypto losses reach $1.19B in H1 2024: CertiK calls for better security
The CertiK report shows that phishing attacks led to nearly $498 million in losses, emphasizing the urgent need for enhanced security measures like 2FA.
The latest CertiK Web3 Security Report reveals that $1.19 billion has been lost to onchain security incidents in the first half of 2024, prompting the need for improved security measures.
The report highlights that most of the losses were attributable to phishing attacks and private key compromises, with phishing attacks accounting for almost $498 million.
In a written Q&A with Cointelegraph, Ronghu Gu, co-founder of CertiK, articulated the need for multifactor authentication, such as two-factor authentication (2FA) and “security keys.”
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Author: Josh O'Sullivan
